Geo

Certificate of Deposit

A Certificate of Deposit (CD) is a non-materialised negotiable financial instrument (bank deposit) and represents the Bank’s obligation to the CD holder to fulfil the terms and conditions as set forth in the Certificate of Deposit Agreement.

A Certificate of Deposit is purchased at its nominal value. Interest accrues annually and is paid with the nominal value at the final maturity date.

Advantages of a Certificate of Deposit:

  • CDs yield high interest rates
  • CDs can be purchased for up to 60 months
  • A CD holder may transfer the CD to another person at any time
  • It is possible to secure a loan with a CD

Terms and Conditions:

  • Currency: GEL / USD / EUR
  • Minimum value: GEL 13,000 / USD 5,000 / EUR 5,000
  • Interest earned is credited monthly or once per year, starting one year after the date of issue of the CD.
Interest rates annual payment
Nominal interest ratesEffective interest rates
Term (months)GELUSDEURGELUSDEUR
127.5%2.8%1.7%7.5%2.8%1.7%
187.5%3.4%1.9%7.5%3.37%1.9%
248%3.6%2.1%8%3.54%2.1%
368%3.8%2.3%8%3.66%2.3%
488%3.9%2.5%8%3.69%2.5%
608%4%2.7%8%3.71%2.7%

Interest rates monthly payment
Nominal interest ratesEffective interest rates
Term (months)GELUSDEURGELUSDEUR
127.4 %2.7%1.6%7.66%2.73%1.61%
187.4%3.3%1.8%7.66%3.35%1.81%
247.9%3.5%2%8.19%3.56%2.02%
367.9%3.7%2.2%8.19%3.76%2.22%
487.9%3.8%2.4%8.19%3.87%2.43%
607.9%3.9%2.6%8.19%3.97%2.63%