CartuBank.Ge

Discounted Certificate of Deposit

By using Cartu Bank’s new product - Discounted Certificate of Deposit, you safely invest your company’s savings and get 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:

1,000 GEL
1,000 USD
1,000 EUR

The annual interest rates of the Discounted Certificate of Deposit in GEL

Month	Nominal Interest Rate	Effective Interest Rate
3 - 5 months	7.10%	7.29%
6 - 8 months	8.10%	8.26%
9 - 11 months	8.85%	8.95%
12 - 14 months	9.35%	9.35%
15 - 17 months	9.65%	9.54%
18 - 20 months	9.65%	9.43%
21 - 23 months	9.80%	9.47%
24 - 35 months	10.20%	9.73%
36 months	10.50%	9.56%
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	1.10%	1.10%
6 - 8 months	2.10%	2.11%
9 - 11 months	2.85%	2.86%
12 - 14 months	3.35%	3.35%
15 - 17 months	3.45%	3.44%
18 - 20 months	3.55%	3.52%
21 - 23 months	3.75%	3.70%
24 - 35 months	3.85%	3.78%
36 - 47 months	3.95%	3.80%
48 - 59 months	4.05%	3.82%
60 months	4.15%	3.84%
In case of non-resident entities, 0.25% 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	0.35%	0.35%
6 - 8 months	0.85%	0.85%
9 - 11 months	1.60%	1.60%
12 - 14 months	2.10%	2.10%
15 - 17 months	2.25%	2.24%
18 - 20 months	2.35%	2.34%
21 - 23 months	2.45%	2.43%
24 - 35 months	2.60%	2.57%
36 - 47 months	2.75%	2.68%
48 - 59 months	2.85%	2.74%
60 months	3.00%	2.83%
In case of non-resident entities, 0.25% 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

The Discounted Certificate of Deposit 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 Registry 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 of terms of the attached contract.
In case of disposal, the settlement shall take place at Cartu Bank JSC
Partial disposal of the Certificate of Deposit is unacceptable.

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

From January 1, 2018, the Bank participates in the deposit insurance system established on the basis of 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 30,000, 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 JSC "Bank of Georgia" 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.