Back Certificate of Deposit

Certificate of deposit is the best means for placing deposit and receiving highest benefits from the deposit products.

Besides, unlike the bank deposits, the holder of the certificate of deposit is entitled to transfer it to the third party at any time before expiry of its term.

Deposit currency GEL, USD, EUR
Minimum amount 10,000
Deposit term 5 years

VTB Bank offers you 2 types of the certificate:

The nominal value of discount certificate of deposit is determined immediately upon its purchase, but it can be sold at the price less than the nominal value.
Purchase price for the discount certificate is determined the following way:

Nominal value of the certificate less the pre-agreed discount. By the end of the term, the certificate holder will receive the full nominal value. The determined discount amount constitutes the interest to be received by the holder by the end of the term.

Example: in case of purchase of the discount certificate of deposit at the following conditions:
Term – 12 months
Purchase value of the certificate – GEL 10,000
Annual interest rate – 10.50% (discount = GEL 1050) 
Nominal value of the certificate (deposit amount by the end of the term) will make – GEL 11,050 (purchase value of the certificate + discount amount)


Discount certificate of deposit interest rate

Term (month)

Term (day)

Interest rate type

GEL USD

EUR

3-5 90-179

Nominal

10% 1.70% -

Effective

10.29% 1.71% -
6 180-209

Nominal

10% 2.20%

-

Effective

10.25%

2.21%

-

7-8 210-269 Nominal 10.30% 2.20% -

Effective

10.47% 2.21% -
9-11 270-364

Nominal

10.30% 2.70%

-

Effective

10.34% 2.71%

-

12 365-394

Nominal

10.50% 2.90%

0.75%

Effective

10.50%

2.90%

0.75%

13-14 395-449 Nominal 10.50%

2.90%

0.75%

Effective

10.41%

2.89%

0.75%

15-17 450-539

Nominal

10.50% 3.05%

0.75%

Effective

10.28% 3.03%

0.75%

18 540-569

Nominal

10.50% 3.30%

0.75%

Effective

10.24% 3.27%

0.75%

19-20 570-629 Nominal 10.50% 3.30%

0.75%

Effective

10.16% 3.26%

0.75%

21-23 630-719      

Nominal

10.50% 3.45%

0.75%

Effective

10.04% 3.40%

0.75%

24 720-749

Nominal

10.50% 3.55%

0.75%

Effective

10% 3.49%

0.75%

25-35 750-1094 Nominal - 3.55%

0.75%

Effective

- 3.44%

0.75%

36 1095-1459

Nominal

- 4.25%

0.75%

Effective

- 4.01%

0.75%

48 1460-1824

Nominal

- 4.65%

0.75%

Effective

- 4.28%

0.75%

60 1825

Nominal

- 5%

0.75%

Effective

- 4.56%

0.75%

Coupon certificate of deposit is purchased at nominal value.
Interest is accrued and paid monthly.
At the end of the certificate term the holder receives the amount equal to its nominal value.
Example: in case of purchase of the coupon certificate of deposit at the following conditions:
Term – 12 months
Nominal (purchase) value of the certificate – GEL 10,000
Annual interest rate – 10%
Monthly interest received by the holder will make GEL 83.33 (annual – GEL 1000)
Nominal value of the certificate (deposit amount) by the end of the term will make – GEL 10,000

Coupon certificate of deposit interest rate

Term (month)

Term (day)

Interest rate type GEL USD

EUR

6 180-209

Nominal

9.50% 2%

-

Effective

9.92% 2.02%

-

7-8 210-269 Nominal 9.80% 2% -

Effective

10.25% 2.02% -
9-11 270-364

Nominal

9.80% 2.50%

-

Effective

10.25% 2.53%

-

12 365-394

Nominal

10% 2.70%

0.55%

Effective

10.47% 2.73%

0.55%

13-14 395-449 Nominal 10% 2.70%

0.55%

Effective

10.47%

2.73%

0.55%

15-17 450-539

Nominal

10%

2.85%

0.55%

Effective

10.47%

2.89%

0.55%

18 540-569

Nominal

10%

3.10%

0.55%

Effective

10.47%

3.14%

0.55%

19-20 570-629 Nominal

10%

3.10%

0.55%

Effective

10.47%

3.14%

0.55%

21-23 630-719 Nominal

10%

3.25%

0.55%

Effective

10.47%

3.30%

0.55%

24 720-749

Nominal

10%

3.35%

0.55%

Effective

10.47%

3.40%

0.55%

25-35 750-1094 Nominal - 3.35%

0.55%

Effective

- 3.40%

0.55%

36 1095-1459

Nominal

- 4.05%

0.55%

Effective

- 4.13%

0.55%

48 1460-1824

Nominal

- 4.45%

0.55%

Effective

- 4.54%

0.55%

60 1825

Nominal

- 4.80%

0.55%

Effective

- 4.91%

0.55%

Certificate of deposit terms

 

Discount certificate of deposit

Coupon certificate of deposit

Certificate purchase value

min. 10,000 units

min. 10,000 units

Certificate currency

GEL/USD/EUR

GEL/USD/EUR

Maximum nominal interest rate

10.50% 

10% 

Maximum effective interest rate

10%

10.47%

Certificate term

3-60 months

6-60 months

Interest withdrawal

End of the term

Monthly

Transfer to third party commission

0.1% of nominal value, min. GEL 50

0.1% of nominal value, min. GEL 50

Basic conditions for use of the certificates of deposit

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