Term Deposit “More Interest” is the best option to deposit your money for a specific period of time and get the highest interest rates.

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

Currency: GEL, USD, EURO

  • 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 term deposit and term 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. Accrued interest can be received on monthly basis, as well as at the end period.

Special terms and conditions

  • The special high interest rates accrued
  • 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 Month If the interest rate is received at the EOP If the interest rate is received monthly
GEL – Nominal/Effective USD Nominal/Effective GEL – Nominal/Effective USD Nominal/Effective
12 13.00% / 12.87% 3.00% / 2.99% 12.75%/13.52% 2.85% / 2.89%
15 13.00% / 12.68% 3.00% / 2.988% 12.75%/13.52% 2.85% / 2.89%
18 13.00% / 12.49% 3.00% / 2.97% 12.75%/13.52% 2.85% / 2.89%
21 13.00% / 12.31% 3.00% / 2.97% 12.75%/13.52% 2.85% / 2.89%
24 13.00% / 12.25% 3.00% / 2.96% 12.75%/13.52% 2.85% / 2.89%

Note#1: In case of withdrawing interest rate monthly effective interest rate is counted from following scenario: Client opens deposit of 1 000 unit on 01.07.2017 and withdraws interest rate every following month’s first day.

Note#2: In case of withdrawing interest rate at the end of the month effective interest rate is counted from following scenario: Client opens deposit of 1 000 unit on 01.07.2017

Term Month If the interest rate is received at the EOP If the interest rate is received monthly
GEL – Nominal/Effective USD Nominal/Effective GEL – Nominal/Effective USD Nominal/Effective
12 9.10%/9.04% 2.50% / 2.49% 8.60% / 8.95% 2.25% / 2.27%
15 9.10% /8.94% 2.50% / 2.49% 8.60% / 8.95% 2.25% /2.27%
18 10.00% / 9.69% 2.50% / 2.48% 9.00% / 9.38% 2.25% / 2.27%
21 10.25% /9.81% 2.50% / 2.47% 9.25% / 9.65% 2.25% /2.27%
24 10.25% /9.77% 2.50% / 2.47%  9.25% / 9.65% 2.25% / 2.27%

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

Term Deposit – More Interest

(From 12 To 24 Months)

Calculatation

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

Term Deposit – More Interest

(From 12 To 24 Months)

Calculatation

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