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 – 10.5% (discount = GEL 1,050) 
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 90-179

Nominal

8.5% 1.75% -

Effective

8.77% 1.76% -
6 180-269

Nominal

9.5% 2.65%

-

Effective

9.72%

2.67%

-

9 270-364

Nominal

10% 3.15%

-

Effective

10.12% 3.16%

-

12 365-449

Nominal

10.5% 3.75%

0.75%

Effective

10.5% 3.75%

0.75%

15 450-539

Nominal

10.60% 3.85%

0.75%

Effective

10.47% 3.83%

0.75%

18 540-629

Nominal

10.80% 4%

0.75%

Effective

10.53% 3.96%

0.75%

21 630-729      

Nominal

10.90% 4%

0.75%

Effective

10.49% 3.94%

0.75%

24 730-1094

Nominal

11.00% 4.25%

0.75%

Effective

10.45% 4.16%

0.75%

36 1095-1459

Nominal

11.25% 4.5%

0.75%

Effective

10.18% 4.31%

0.74%

48 1460-1824

Nominal

11.75% 4.65%

0.75%

Effective

10.11% 4.36%

0.74%

60 1825

Nominal

12.25% 4.75%

0.75%

Effective

10.03% 4.36%

0.74%

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 – 9.75%
Monthly interest received by the holder will make GEL 81.25 (annual – GEL 975)
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

6 180-269

Nominal

9% 2.15%

-

Effective

9.38% 2.17%

-

9 270-364

Nominal

9.5% 2.65%

-

Effective

9.92% 2.68%

-

12 365-449

Nominal

9.75% 3.25%

0.45%

Effective

10.20% 3.30%

0.45%

15 450-539

Nominal

9.75% 3.35%

0.45%

Effective

10.20% 3.40%

0.45%

18 540-629

Nominal

9.80% 3.5%

0.45%

Effective

10.25% 3.56%

0.45%

21 630-729 Nominal 9.90% 3.5%

0.45%

Effective

10.36% 3.56%

0.45%

24 730-1094

Nominal

10% 3.75%

0.45%

Effective

10.47% 3.82%

0.45%

36 1095-1459

Nominal

10% 4.25%

0.45%

Effective

10.47% 4.33%

0.45%

48 1460-1824

Nominal

10.15% 4.35%

0.45%

Effective

10.64% 4.44%

0.45%

60 1825

Nominal

10.35% 4.40%

0.45%

Effective

10.86% 4.49%

0.45%

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

12.25% 

10.35% 

Maximum effective interest rate

10.03%

10.86%

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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