Term Deposit

Term deposit

 

Deposit currency– GEL, USD

Minimum amount – 100 GEL/USD

Deposit terms – 3-24 months

Interest withdrawalat the end of the deposit term or monthly

Annual interest rates

Deposit term End of term
USD GEL
  Nominal interest rate Effective interest rate Nominal interest rate Effective interest rate
3-5 Months 1.50%
1.50%
8.50% 8.74%
   
 
   
6-8 Months 2.50%
2.51%
9.50% 9.69%
   
 
   
9-11 Months 2.50% 2.51% 10.00% 10.08%
         
12 Month 4.00% 4.00% 10.50% 10.50%
         
13-14 Months 4.00% 3.99% 10.50% 10.41%
         
15-17 Months 4.00% 3.97% 10.50% 10.33%
         
18-20 Months 4.25% 4.20% 10.75% 10.44%
         
21-23 Months 4.25% 4.18% 10.75% 10.31%
         
24 Month 4.25% 4.16% 10.75% 10.23%

 

Deposit term Monthly
USD GEL
  Nominal interest rate Effective interest rate Nominal interest rate Effective interest rate
3-5 Months 1.50% 1.51% 8.30% 8.62%
         
6-8 Months 2.50% 2.53% 9.20% 9.60%
         
9-11 Months 2.40% 2.53% 9.50% 9.92%
         
12 Month 3.90% 3.97% 10.00% 10.47%
         
13-14 Months 3.90% 3.97% 10.00% 10.47%
         
15-17 Months 3.90% 3.97% 10.00% 10.47%
         
18-20 Months 3.95% 4.02% 10.25% 10.75%
         
21-23 Months 3.95% 4.02% 10.25% 10.75%
         
24 Month 3.95% 4.02% 10.25% 10.75%

 

Comment: in case of deposit early termination, interest will be accrued using the fulfilled months rate minus 1% for GEL deposits, no interest will be accrued for USD deposits.