By using the Discounted 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.
The Discounted Certificate of Deposit is available for lower than its par value (discount) and at the term-end is covered at its face value (par value). The difference between the par value and the purchase price is the client’s interest payable to the client by the Bank on the expiration date of the certificate.
Par value of the Deposit Certificate:
The annual interest rates of the Discounted Certificate of Deposit in GEL
Month |
Nominal Interest Rate |
Effective Interest Rate |
3 - 5 months |
8.20% |
8.46% |
6 - 8 months |
8.75% |
8.94% |
9 - 11 months |
9.30% |
9.41% |
12 - 14 months |
9.65% |
9.65% |
15 - 17 months |
10.00% |
9.88% |
18 - 20 months |
10.00% |
9.77% |
21 - 23 months |
10.50% |
10.12% |
24 - 35 months |
11.00% |
10.45% |
36 months |
11.50% |
10.38% |
In case of non-resident entities, 0.5% is deducted from the standard interest rates.
The annual interest rates of the Discounted Certificate of Deposit in USD
Month |
Nominal Interest Rate |
Effective Interest Rate |
3 - 5 months |
1.00% |
1.00% |
6 - 8 months |
1.75% |
1.76% |
9 - 11 months |
2.25% |
2.26% |
12 - 14 months |
2.75% |
2.75% |
15 - 17 months |
2.90% |
2.89% |
18 - 20 months |
3.10% |
3.08% |
21 - 23 months |
3.30% |
3.26% |
24 - 35 months |
3.50% |
3.44% |
36 - 47 months |
3.60% |
3.48% |
48 - 59 months |
3.70% |
3.51% |
60 months |
3.80% |
3.54% |
In case of non-resident entities, 0.5% is deducted from the standard interest rates.
The annual interest rates of the Discounted Certificate of Deposit in Euro
Month |
Nominal Interest Rate |
Effective Interest Rate |
3 - 5 months |
0.15% |
0.15% |
6 - 8 months |
0.50% |
0.50% |
9 - 11 months |
1.00% |
1.00% |
12 - 14 months |
1.40% |
1.40% |
15 - 17 months |
1.60% |
1.60% |
18 - 20 months |
1.80% |
1.79% |
21 - 23 months |
2.00% |
1.99% |
24 - 35 months |
2.20% |
2.18% |
36 - 47 months |
2.35% |
2.30% |
48 - 59 months |
2.50% |
2.41% |
60 months |
2.65% |
2.52% |
In case of non-resident entities, 0.5% is deducted from the standard interest rates.
If the total Certificate of Deposit sum is over 3,000,000 GEL (1.000.000 USD/1.000.000 euro), the interest rates are defined on a case-by-case basis.
Additional Terms
As you acquire the Certificate of Deposit, you get a gift of:
For more information dial *8080; (032) 200 80 80; 7/24 or approach our nearest service center.