Opening a term deposit account with Cartu Bank ensures safety and a high interest to your company funds.
Deposit terms:
Deposit amount:
Min – 1,500 GEL | 1,000 USD/EUR
Max – not limited
Deposit maturity:
Min – 3 months
Max - 24 months
Interest withdrawal – In advance, on a monthly basis or at the end of the term
Deposit term breach - Breaching the deposit needs approval from the Bank. In case of breaching the deposit (not less than six months after opening the deposit), half of the interest rate applicable by the bank for the on-demand deposit in the moment of breach will be accrued.
ANNUAL INTERET RATE IN CASE OF THE WITHDRAWAL AT THE END OF THE TERM
Term
GEL
USD
EUR
3 - 5 months
7.75%
1.50%
0.10%
6 - 8 months
8.25%
2.00%
0.25%
9 - 11 months
8.75%
2.50%
0.75%
12 - 14 months
9.20%
3.00%
1.25%
15 - 17 months
9.50%
3.10%
1.25%
18 - 20 months
9.75%
3.25%
1.75%
21 - 23 months
10.00%
3.35%
1.75%
24 months
10.25%
3.50%
2.00%
In case of interest withdrawal on a monthly basis, 0.5% in GEL and 0.25% in USD, will be deducted from given Annual Interest rates.
In case of interest withdrawal in advance, 1.5% in GEL, 0.50% in USD and 0.75% in EUR, will be deducted from given Annual Interest rates.
In case of non-resident persons, Interest rate is different.
If the deposit amount exceeds 2,000,000 GEL/1,000,000 USD/EUR, the interest rates are determined individually.
Effective intereset rates
GEL - 7.9792% - 9.7848%
USD - 1.51% - 3.44%
EUR - 0.1000% - 1.9809%
During the deposit term, the services below will be free: