Decided to start saving for specific goals?  – Opening a Cumulative Deposit at FINCA Bank Georgia is the best way to start with.

Terms and Conditions

Currency: GEL, USD, EUR

Maturity:  from 6 to 24 months

Required initial amount: 20 GEL, USD, EUR

Maximum amount: unlimited

Adding of funds:  unlimited

Advantages:

  • Frequency and amount of funds adding is unlimited
  • Fixed high interest rate accrued
  • Withdrawal of accrued interest rate or the amount deposited in cash is free of charge from any service center of FINCA Bank Georgia

*Note: If the amount is deposited via bank transfer, commission fee on withdrawal of transferred amounts is requested.

Maturity Interest Rate
Maturity GEL – Annual/Effective USD – Annual/Effective EUR – Annual/Effective
6 11.00% / 11.21% 1.00% / 1.00% 0.25% / 0.25%
9 11.30% / 11.37% 2.00% / 2.00% 1.00% / 1.00%
12 11.70% / 11.62% 2.50% / 2.50% 1.50% / 1.50%
15 11.70% / 11.48% 2.50% / 2.49% 1.50% / 1.50%
18 11.70% / 11.34% 3.00% / 2.97% 2.00% / 1.99%
21 11.70% / 11.20% 3.00% / 2.97% 2.00% / 1.99%
24 11.70% / 11.14% 3.00% / 2.96% 2.00% / 1.98%

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

Maturity Interest Rate
Maturity GEL – Annual/Effective USD – Annual/Effective EUR – Annual/Effective
6 5.00% / 5.05%
9 6.00% / 6.02% 0.50% / 0.50% 0.70% / 0.70%
12 7.50% / 7.47% 1.25% / 1.25% 1.20% / 1.20%
15 7.50% / 7.41% 1.25% / 1.25% 1.20% / 1.20%
18 8.00% / 8.83% 1.25% / 1.25% 1.70% / 1.69%
21 8.00% / 7.76% 1.25% / 1.24% 1.70% / 1.69%
24 8.00% / 7.74% 1.25% / 1.24% 1.70%/ 1.69%

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

As of 1 January 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, up to the maximum insured amount of 5,000 GEL, regardless of the number of deposit accounts kept in each individual bank operating in the territory of Georgia. The remainder shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, see web site of LEPL Deposit Insurance Agency: www.diagency.ge

Cumulative Deposit Calculator

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 Calculator

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.