Changes in Savings deposit conditions
Published: 10.07.2017
Dear customer,
Please be informed that the Savings Deposit conditions will be changed for private customers from 10.08.2017.
In particular:
- Private customers holding only Savings Deposits without Current Accounts will enjoy the interest rates given in the table below from August 10
| Annual nominal and effective interest rates | GEL | USD | EUR |
|---|---|---|---|
| Maximum interest rate | 4.5% | 1.3% | 0.1% |
| Minimum interest rate | 2.5% | 1% | 0.05% |
- Maximum and minimum interest rates will be abolished and a fixed interest rate will be established on Savings Deposits from August 10 for the private customers holding both Savings Deposits and Current Accounts:
| Annual nominal and effective interest rates | GEL | USD | EUR |
|---|---|---|---|
| Fixed interest rate | 4.5% | 1.3% | 0.1% |
The interest rate will be charged on Current Accounts on a monthly basis at the end of each day according to the balance on the account.