Term Deposit

A term deposit account with Cartu Bank ensures safety and a high interest to your savings.



Deposit conditions

  • Deposit amount:
            Min – 1,500 GEL/1,000 USD/EUR
  • Deposit term:
            Min – 3 months
            Max - 24 months

 

  • Interest withdrawal – in advance, monthly or at the end of the term
  • In case of non-resident persons, interest rate is different.
  • Deposit terms breach - Breaching the deposit needs approval from the Bank. In case of breaching the deposit (not less than six months after opening), half of the current interest rate applicable for the on-demand deposit  will be accrued.
  • If the deposit amount exceeds 2,000,000 GEL/1,000,000 USD/EUR, the interest rates will be determined individually.

 

ANNUAL INTERET RATE IN CASE OF THE WITHDRAWAL AT THE END OF THE TERM

 

Term
GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3-5 months 7.50% From 7.66% 1.00%
1.00% 0.25% 0.25%

6-8 months

8.50%
From 8.62% 2.00%
2.01% 0.75% 0.75%

9-11 months

9.50%
From 9.54% 2.85%
From 2.85% 1.55% 1.55%

12-14 months

9.70% From 9.62% 3.25%
From 3.24% 2.25% 2.25%
15-17 months 9.70% From 9.51% 3.30% From3.28% 2.35% 2.34%

18-20 months

9.55% From 9.27% 3.35% From 3.31% 2.40% From 2.38%

21-23 months

9.45%
From 9.07% 3.40%
From 3.35% 2.50% From 2.47%

24 months

9.30% 8.90% 3.50% 3.44% 2.60% 2.57%

ANNUAL INTEREST RATE IN CASE OF MONTHLY WITHDRAWAL

 

Term
GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3-5 months 7.00% 7.23%  0.75%  0.75% 0.00%   0.00% 

6-8 months

 8.00%  8.30%  1.75%   1.76%  0.50%    0.50%  

9-11 months

 9.00%  9.38%  2.60%   2.63%  1.30%  1.31%

12-14 months

 9.20%  9.60%  3.00%   3.04%  2.00%   2.02% 
15-17 months  9.20%  9.60%  3.05%   3.09%  2.10%   2.12% 

18-20 months

 9.05%  9.43%  3.10%   3.14%  2.15%   2.17% 

21-23 months

 8.95%  9.33%  3.15%   3.20%  2.25%   2.27% 

24 months

 8.80%  9.16%  3.25%   3.30%  2.35%   2.38% 

ANNUAL INTEREST RATE IN CASE OF THE WITHDRAWAL IN ADVANCE

 

Term
GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3-5 months 6.00% From 6.23%  0.25% 0.25%  0.00%   0.00%  

6-8 months

 7.00%  From 7.39%   1.25%  1.26%   0.00%    0.00%  

9-11 months

 8.00%  From 8.60%   2.10%  2.14%  0.80%  0.81% 

12-14 months

 8.20%  From 8.93%   2.50%  From 2.56%  1.50%  1.52% 
15-17 months  8.20%  From 9.04%   2.55%  2.63%  1.60%  1.63% 

18-20 months

 8.05%  From 8.96%   2.60%  2.69%  1.65%  1.68% 

21-23 months

 7.95%  From 8.94%   2.65%  From 2.75%  1.75%  1.79% 

24 months

 7.80%  8.85%   2.75%  2.87%  1.85%  1.90% 

 

During the deposit term, the services below will be free:

 

            2,001 – 10,000 GEL (or the equivalent) – VISA Classic
            10,001 – 25,000 GEL (or the equivalent) – Mastercard Gold
            25,001 Gel and more (or the equivalent) – VISA Platinum



From January 1, 2018, the Bank participates in the deposit insurance system established based on the Law of Georgia on the Deposit Insurance System. In case of an insurance event, the amount available on the depositor's deposit / account will be reimbursed by the Deposit Insurance Agency within the amount of GEL 50,000, while the remaining amount will be reimbursed in accordance with the current legislation.

For more information visit the website of LEPL - Deposit Insurance Agency: www.diagency.ge

 

You can deposit money to current / card accounts in JSC "Cartu Bank" 24/7 with pay boxes. For details see link.

 


For more information, please call us 24 hours a day at *8080; (+995 32) 200 80 80 or visit the nearest service center.
 

Term deposit

Nominal Interest Rate
 
Effective Interest Rate
 
Total Amount Accrued