BUSINESS SAVINGS ACCOUNT
MANAGE YOUR COMPANY'S MONEY FLEXIBLY AND AT THE SAME TIME EARN INTEREST INCOME
- No requested minimum amount for opening savings account
- Period - Savings Account is opened for unlimited time
- Monthly interest accrual on the current account
- The maximum amount to be accrued with the interest - 500,000 GEL; 250,000 USD/EUR
CALCULATE YOUR RETURN
Terms
Amount at maturity
0 GEL
Interest benefit
0 GEL
Nominal interest rate
0%
Effective interest rate
0%
INTEREST RATE
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| Currency | Nominal Interest Rate* | Effective Interest Rate* |
|---|---|---|
| Georgian Lari (GEL) | 5% | 5.12% |
| US Dollar (USD) | 1.00% | 1.00% |
| Euro (EUR) | 0.10% | 0.10% |
*Assumption: the deposit was opened with a fixed amount, no additional deposits or withdrawals were made, and the funds were withdrawn after 12 months.
DEPOSITS FOR BUSINESS
FOR EFFECTIVE INVESTMENT OF YOUR SAVINGS, PURCHASE A CERTIFICATE OF DEPOSIT FOR A FIXED PERIOD
- Minimum value: GEL 1000 / USD / EUR
- Interest earned is credited monthly or once per year, starting one year after the date of issue of the CD
PLACE YOUR COMPANY’S FUNDS IN A TERM DEPOSIT AND EARN RETURNS
- Minimum amount : 13,000 GEL / 5,000 USD / 5,000 EUR
- Term deposit is opened with a fixed amount for a set period
FREQUENTLY ASKED QUETIONS
What amount is required to open a business savings account?
A savings account can be opened without an initial amount
What is the available term for opening a deposit?
A savings account is opened without a fixed term
What is the principle of interest calculation?
Interest on the savings account is credited monthly to the current account.