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Savings Account FlexSave

If you want to manage money flexibly and at the same time earn high interest put your money on Savings Account FlexSave. Add or withdraw funds free of charge as often as you like without loss of interest.

Terms and Conditions:

  • Minimum amount: for opening Savings Account FlexSave is not requested minimum amount;
  • Period - Savings Account is opened for unlimited time;
  • Interest accrual principle: Interest is accrued on the balance available at the end of each day, and is calculated at the end of each month;
  • The interest calculated at the end of each month is credited to the current account.

CurrencyNominal interest rateEffective interest rate*
GEL**6%6.17%
USD***1%1%
EUR**0.5%0.5%

Assumtion:

*Assumptions used to calculate the effective interest rate of the deposit: The initial deposit on the deposit was made in the amount of 1,000 units on the day of concluding the contract; No additional deposits or withdrawals were made on the deposit within 12 months; Withdrawals are made after 12 months;
** The interest rate in GEL on deposits opened before 25/09/2018 is nominal 4.5%. Effective 4.6%; Interest rate in GEL on deposits opened before 28/06/2021 nominal 5%. Effective 5.12%; Interest rate in euro on deposits opened before 20/11/2019 Nominal 0.1% Effective 0.1%
*** The interest rate in USD on deposits opened before 19/05/2023 is nominal 0.9%. Effective 0.9%;

Information about deposit insurance system

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