Cumulative Deposit “More Interest” is the best option to deposit your money for a specific period of time, plan to add more on monthly basis and get the highest interest rates.

Conditions

Currency: GEL, USD

Maturity: from 12 to 24 months
Min. amount: 100 GEL, USD
Maximum amount: unlimited

  • The deposit can be opened by a legal entity or an individual;
  • Georgian citizens as well as citizens of foreign countries are eligible to open the deposit account.

Difference between standard cumulative deposit and cumulative deposit “more interest” is that the latter is the type of a deposit the contract of which cannot be cancelled by the customer during the maturity period, therefore, the special high interests are accrued to this type of deposit.

Special terms and conditions

  • It is necessary to deposit at least 20 GEL a month to get the high interest rates
  • The customer can add additional amounts frequently
  • Interest rates remain unchanged within the contract period
  • Opening of the deposit is free of charge
  • No Service fees
  • Withdrawal of the deposit from current/multicurrency account is free of charge
  • No fees on withdrawal of interest rates
Term Interest Rate
Month GEL Nominal/Effective USD Nominal/Effective
12 10.25% / 10.19% 1.80% / 1.80%
15 10.25% / 10.08% 1.80% / 1.80%
18 10.25% /9.97% 1.80% / 1.79%
21 10.25%/ 9.86% 1.80% / 1.79%
24 10.25% / 9.83% 1.80% / 1.79%

Note: Effective interest rate is counted from following scenario: Client opens deposit of 1 000 unit deposit on 01/01/2017 and adds 20 units in every following month’s first day

Term Interest Rate
Month GEL Nominal/Effective USD Nominal/Effective
12 8.60% / 8.56% 1.20% / 1.20%
15 8.60% / 8.48% 1.20% / 1.20%
18 8.60% /8.40% 1.20% / 1.20%
21 8.60%/ 8.33% 1.20% / 1.19%
24 8.60% / 8.30% 1.20% / 1.19%

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive a compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, visit web site at: www.diagency.ge

Cumulative Deposit - More Interest

Calculatation

Annual Interest Rate
NA
Effective Rate
NA
Accrued Interest
NA
Accumulated Amount
NA
Calculation should not be regarded as precise, please consider it as a general calculation.

Cumulative Deposit - More Interest

Calculatation

Annual Interest Rate
NA
Effective Rate
NA
Accrued Interest
NA
Accumulated Amount
NA
Calculation should not be regarded as precise, please consider it as a general calculation.