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CartuBank

CartuBank


By using the Interest-bearing Certificate of Deposit, Caru Bank’s new product you safely invest the savings of your company and get a high interest.

The Certificate of Deposit is a bank deposit, which obligates the Bank to pay the certificate holder the sum set out in it on the day specified.  

Interest-bearing Certificate of Deposit is available for its par value, the charged interest is paid on a monthly basis, and at the term-end, the deposit certificate is also covered at its par value.

Par value of the Deposit Certificate:

  • 10,000 GEL
  • 10,000 USD
  • 10,000 EUR

 

The annual interest rates of the Interest-bearing Certificate of Deposit in GEL

Month

Nominal Interest Rate

Effective Interest Rate

3 - 5 months

8.00%

From 8.30%

6 - 8 months

8.50%

From 8.84%

9 - 11 months

9.00%

From 9.38%

12 - 14 months

9.25%

From 9.65%

15 - 17 months

9.75%

From 10.20%

18 - 20 months

10.00%

From 10.47%

21 -  23 months

10.25%

From 10.75%

24 - 35 months

10.50%

From 11.02%

36 months

       10.60%          From 11.13%

In case of non-resident entities, 0.5% is deducted from the standard interest rates. 

 

The annual interest rates of the Interest-bearing Certificate of Deposit in USD

Month

Nominal Interest Rate

Effective Interest Rate

3 - 5 months

1.65%

From 1.66%

6 - 8 months

2.05%

From 2.07%

9 - 11 months

2.75%

From 2.78%

12 - 14 months

3.35%

From 3.40%

15 - 17 months

3.35%

From 3.40%

18 - 20 months

3.85%

From 3.92%

21 - 23 months

3.85%

From 3.92%

24 - 35 months

4.30%

From 4.39%

36 - 47 months

4.50%

From 4.59%

48 - 59 months 

4.75%

From 4.85%

60 months 

        5.00%          From 5.12%

In case of non-resident entities, 0.5% is deducted from the standard interest rates. 

The annual interest rates of the Interest-bearing Certificates of Deposit in Euro

Month

Nominal Interest Rate

Effective Interest Rate

3 - 5 months

0.20%

From 0.20%

6 - 8 months

0.50%

From 0.50%

9 - 11 months

0.75%

From 0.75%

12 - 14 months

1.50%

From 1.51%

15 - 17 months

1.50%

From 1.51%

18 - 20 months

2.00%

From 2.02%

21 - 23 months

2.00%

From 2.02%

24 - 35 months

2.25%

From 2.27%

36 - 47 months

2.50%

From 2.53%

48 - 59 months

2.75%

From 2.78%

        60 months         2.95%          From 2.99%

In case of non-resident entities, 0.5% is deducted from the standard interest rates. 

If the total sum of the Certificate of Deposit is over 3,000,000 GEL (1.000.000 USD/1.000.000 euro), the interest rates are defined on an individual basis.

 

Additional Terms

  • The standard Certificate of Deposite terms are based on “The Standard Certificate of Deposit  Regulation for the Commercial Banks” approved by order of the Georgian National Bank president.  
  • The certificate is free.
  • The certificate holder is identified by the record in the Certificate of Deposit of the Bank.
  • The interest charged to the Certificate of Deposit is tax-free.
  • The certificate holder can dispose of it in favor of a third person without the approval of the Bank.
  • The Bank is not obliged to redeem the Certificate of Deposit pre-term. If the Bank decides to redeem the Certificate of Deposit pre-term at the client’s request, redemption is subject to the terms of the attached contract.
  • The certificate disposal commission is 0.1% of the par value, min. 20GEL.
  • In case of disposal, the settlement shall take place at Cartu Bank JSC.
  • Partial disposal of the Certificate of Deposit is unacceptable.

 

As you acquire the Certificate of Deposit, you get a gift of:

  • SMS service until the Certificate expiration date. 
  • Visa Business / MasterCard Business plastic card

For more information dial *8080; (032) 200 80 80; 7/24 or approach our nearest service center.