Back Cumulative Deposit

Cumulative Deposit allows you to save funds for specific purposes. Additional depositions are allowed anytime, in any desired amount. Besides, to each new deposition there will be corresponding interest yield accrued.

Opening deposit Free
Deposit currency GEL, USD, EUR
Minimum amount 10 units
Maximum nominal interest rate 10%
Maximum effective interest rate 9.54%
Deposit term 6-24 months
Withdrawing the accrued interest rate Monthly, at the end of the term

Day

Month

Rate

GEL USD

EUR

90-179

3-5

Nominal

7.45% 1.20%

-

Effective

7.66% 1.21%

-

180-269

6-8

Nominal

8.05% 1.65%

-

Effective

8.21% 1.66%

-

270-364

9-11

Nominal

8.55% 2.20%

-

Effective

8.64% 2.21%

-

365-449

12-14

Nominal

9% 2.85%

-

Effective

9% 2.85%

-

450-539

15-17

Nominal

9% 3%

-

Effective

8.90% 2.99%

-

540-629

18-20

Nominal

9.65% 3.25%

0.25%

Effective

9.43% 3.22%

0.25%

630-729

21-23

Nominal

9.65% 3.35%

0.25%

Effective

9.32% 3.31%

0.25%

730

  24

Nominal

10.10% 3.60%

0.25%

Effective

9.63% 3.54%

0.25%

Min. term of deposit in EUR: on the terms of interest withdrawal at the end of the term - 18 months (540 days)

Premature withdrawal provision:

  • If the deposit is opened in GEL or USD and residual deposit term is less than 90 days, additional depositions in GEL shall be accrued annual 4.00% for actual term of deposition, whereas depositions in USD shall be accrued 0.5%
  • If the deposit is opened in EUR and residual deposit term is less than 540 days, additional depositions shall not be eligibe for interest accrual
  • In case of a premature withdrawal, deposit in GEL shall be accrued annual 2% for actual term of deposition, whereas deposit in USD/EUR shall be accrued 0% 

Day

Month

Rate

GEL USD

EUR

90-179

3-5

Nominal

6.95% 1% -

Effective

7.18% 1% -

180-269

6-8

Nominal

7.55% 1.40% -

Effective

7.82%    1.41% -

270-364

9-11

Nominal

8.05% 2%

-

Effective

8.35% 2.02%

-

365-449

12-14

Nominal

8.5% 2.65%

-

Effective

8.84% 2.68%

-

450-539

15-17

Nominal

8.5% 2.80%

-

Effective

8.84% 2.84%

-

540-629

18-20

Nominal

9.15% 3.05%

0.10%

Effective

9.54% 3.09%

0.10%

630-729

21-23

Nominal

9.15% 3.15%

0.10%

Effective

9.54% 3.20%

0.10%

730

  24

Nominal

9.60% 3.40%

0.10%

Effective

10.03% 3.45%

0.10%

Min. term of deposit in EUR: on the terms of monthly interest withdrawal - 18 months (540 days)

Premature withdrawal provision:

  • If the deposit is opened in GEL or USD and residual deposit term is less than 90 days, additional depositions in GEL shall be accrued annual 4.00% for actual term of deposition, whereas depositions in USD shall be accrued 0.5%
  • If the deposit is opened in EUR and residual deposit term is less than 540 days, additional depositions shall not be eligibe for interest accrual
  • In case of a premature withdrawal, deposit in GEL shall be accrued annual 2% for actual term of deposition, whereas deposit in USD/EUR shall be accrued 0% (interest already paid shall be withheld from the principle amount).
  • Deposit is available in three currencies: GEL, USD, EUR
  • High interest yield
  • Differentiated options for yield withdrawal: on a monthly basis or at the end of the term
  • Deposit term may be selected at day’s precision
  • If needed, you may apply for Deposit Secured Loan under preferential terms
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