A term deposit account with Cartu Bank ensures safety and a high interest to your savings.
Min – 1,500 GEL | 1,000 USD/EUR
Min term – 3 months
Max term – 24 months
Interest withdrawal – in advance, at the end of month/term
Deposit term breach - In case of breaching the deposit (no 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
3 - 5 months
6 - 8 months
9 - 11 months
12 - 17 months
18 - 23 months
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 and 0.75% in USD, will be deducted from given Annual Interest rates.
In case of non-resident persons, Interest rate is different
Effective intereset rates
GEL - 7.19% - 9.10%
1.76% - 4.17%
In case of 15% strengthening - (-13.50%) - (-11.46%)
In case of 15% impairment - 17.03% - 19.79%
0.75% - 3.23%
In case of 15% strengthening - (-14.36%) - (-12.28%)
Since 1 January 2018, under the law of the Deposit Insurance System, the bank has been involved in the deposit insurance system.
sums deposited/ in the accounts (regardless of the number thereof) of all the natural persons shall be insured by all the commercial banks and compensated by the Deposit Insurance Agency LEPL by up to 5,000 GEL, while the rest of the sum shall be reimbursed in the way prescribed by the effective legislation.