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Cumulative deposit

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Cumulative deposit

If you will periodically save a part of your income, obtained saving will help you to realize your dreams.

Characteristics

Opening and service fee
Free
Deposit currency
GEL / USD / EUR
Maximum nominal interest rate
11%
Maximum effective interest rate
10.45%
Deposit term
3-24 Months
Minimum amount
10 GEL / USD / EUR
Withdrawal of accrued interest
At the end of the term

 Month / Currency

USD

Effective

EUR

Effective

GEL

Effective

3

1.35%

1.36%

0.00%

0.00%

8.50%

8.80%

4

1.35%

1.36%

0.00%

0.00%

8.50%

8.77%

5

1.35%

1.36%

0.00%

0.00%

8.50%

8.74%

6

1.50%

1.51%

0.00%

0.00%

9.25%

9.46%

7

1.50%

1.50%

0.00%

0.00%

9.25%

9.43%

8

1.50%

1.50%

0.00%

0.00%

9.25%

9.39%

9

2.00%

2.01%

0.10%

0.10%

10.00%

10.12%

10

2.00%

2.00%

0.10%

0.10%

10.00%

10.08%

11

2.00%

2.00%

0.10%

0.10%

10.00%

10.04%

12

2.10%

2.10%

0.50%

0.50%

10.50%

10.50%

13

2.10%

2.10%

0.50%

0.50%

10.50%

10.46%

14

2.10%

2.10%

0.50%

0.50%

10.50%

10.41%

15

2.10%

2.09%

0.50%

0.50%

10.50%

10.37%

16

2.10%

2.09%

0.50%

0.50%

10.50%

10.32%

17

2.10%

2.09%

0.50%

0.50%

10.50%

10.28%

18

2.35%

2.34%

0.60%

0.60%

10.75%

10.48%

19

2.35%

2.33%

0.60%

0.60%

10.75%

10.44%

20

2.35%

2.33%

0.60%

0.60%

10.75%

10.39%

21

2.35%

2.33%

0.60%

0.60%

10.75%

10.35%

22

2.35%

2.33%

0.60%

0.60%

10.75%

10.31%

23

2.35%

2.33%

0.60%

0.60%

10.75%

10.27%

24

2.50%

2.47%

0.70%

0.70%

11.00%

10.45%

  • Unlimited amount of additional deposits to the account;
  • Withdrawal of deposit and accrued interest is allowed only after expiration of the term;
  • In case of violation of contract, interest rate of "on call-deposit" will be accrued to the account;
  • After the expiration of the term it can be automatically extended for the same period and under the terms of the bank; 
  • If you will urgently need some sum, as to our customer, you could get deposit secured loan at any time.

From January 1, 2018, the Bank participates in the Deposit Insurance System established on the basis of the Law of Georgia on Deposit Insurance System. Any depositor individual in each commercial bank will be reimbursed by the Deposit Insurance Agency within 15,000 GEL, regardless of the number of deposits / accounts in each commercial bank, and the remaining amount will be reimbursed in accordance with the current legislation.

For more information you can visit the website of LEPL - Deposit Insurance Agency: http://diagency.ge

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