CartuBank.Ge

Term Deposit

Opening a term deposit account with Cartu Bank ensures safety and a high interest benefit for your company.

Deposit terms

Deposit amount:

						Min – 1,500 GEL/1,000 USD/EUR
						Max – not limited

Deposit maturity:

						Min – 3 months
						Max - 24 months

Interest withdrawal – in advance, monthly or at the end of the term
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.
In case of non-resident persons, interest rate is different.
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	6.50%	6.66%	0.50%	0.50%	0.15%	0.15%
6 - 8 months	7.50%	7.64%	1.20%	1.20%	0.50%	0.50%
9-11 months	8.50%	8.59%	2.00%	2.00%	1.50%	1.50%
12-14 months	9.00%	9.00%	2.50%	2.50%	2.00%	2.00%
15-17 months	9.25%	9.15%	2.60%	2.59%	2.10%	2.09%
18-20 months	9.50%	9.29%	2.80%	2.78%	2.40%	2.39%
21-23 months	9.70%	9.37%	2.90%	2.87%	2.50%	2.48%
24 months	10.00%	9.54%	3.00%	2.96%	2.65%	2.62%
In case of monthly withdrawal of interest, 0.5% in GEL and 0.25% in USD/EUR, will be deducted from given annual interest rates. In case of interest withdrawal in advance, 1.5% in GEL and 0.75% in USD/EUR, will be deducted from given annual interest rates. If the deposit amount exceeds 2,000,000 GEL/1,000,000 USD/EUR, the interest rates will be determined individually.

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

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 30,000 GEL, 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.

Term deposit

Amount

Interest withdrawal

Term(Month)

Currency

Annual Percentage Rate

Total Amount Accrued