Back Savings Deposit

Savings available on Deposit may be disposed without any limitations. Interest yield is accrued on monthly basis. Available savings may be withdrawn at any desired time in any desired amount.

Opening deposit Free
Deposit currency GEL, USD
Minimum amount 10 units
Adding amount Unlimited
Maximum nominal interest rate 4%
Maximum effective interest rate 4.07%
Deposit term 36 months
Withdrawing the accrued interest rate Monthly, based on the composite interest principle
Utilisation of the deposit amount Unlimited

 
Annual interest accrued on the monthly balance

Month

Rate GEL

USD

36

Nominal

4%

1%

Effective

4.07%

1%

 

  • Unlimited additional depositions
  • Savings may be disposed without any limitations
  • High interest yield
  • Interest yield, calculated by the principle of compound interest, may be withdrawn on monthly basis. Accrued yield is added to principal amount and interest for upcoming month is accrued on the increased amount. Interest yield is accrued on monthly basis, using principle of compound interest. Accrued yield is added to principal amount.
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