SAVINGS ACCOUNT FLEXSAVE

Access your funds whenever you need them and earn interest return

  • for opening Savings Account FlexSave is not requested minimum amount;

  • 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.
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SAVINGS DEPOSIT FLEXSAFE

Savings Deposit Terms

Currency Nominal Interest Rate Effective Interest Rate*
GEL** 6% 6.17%
USD*** 1% 1%
EUR** 0.5% 0.5%

Assumptions

 

*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%;

 

EXPLORE MORE DEPOSITS

PLACE YOUR AVAILABLE FUNDS FOR A FIXED TERM


  • Minimum amount - 500 GEL/ USD/ EUR;

  • Term Deposit is opened in a fixed amount and for a predefined period
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START SAVING FOR YOUR GOAL

  • Deposit is opened for a predefined period and there is no minimum amount required for opening
  • It is possible to add money to the deposit without limitation
  • Interest on the deposit is paid on maturity





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A SECURITY THAT CERTIFIES A BANK 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 me
  • It is possible to secure a loan with a CD


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FREQUENTLY ASKED QUESTIONS

How much money is required to open a deposit?

A savings account can be opened with no minimum initial contribution.

Is withdrawing funds considered a breach of the deposit terms?

Savings accounts are subject to flexible conditions, meaning you can withdraw or add funds at any time without it being considered a breach.

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