- Page On:,Page On:
- Deposits
- Accumulative
Accumulative
Accumulative deposit the best way to save your money
Save money and earn progressive interest yield
Do you want to save money but cannot put aside due to daily expenses?
Accumulative deposit is designed for you. It enables you to collect money in a simple manner through depositing any amount.
Have you ever heard anything about progressive interest yield?
This is the principle applied to accrue interest to your Accumulative Account. Progressive interest yield, growing pro rate of the deposit amount increase, shall be accrued to your account. The longer the maturity period of your deposit and the bigger the deposited amount are, the higher the interest yield accrued to your account is.
The interest yield increases along with the increase of the amount on your account.
If you use small starting amount to pay to your deposit and increase it after a certain period of time, an increased interest yield shall be accrued to your deposit calculated starting from the day of the amount increase.*
Do you want to save without restrictions?
Accumulative deposit does not oblige you to deposit specific amount of money at a specific date.
You can replenish your account any time, with any amount.
Even if the amount on your deposit at the end of maturity period equals to the initial amount,
interest yield shall still be accrued to your deposit.
Do you want to save money but cannot deposit at certain dates due to lack of time?
In such a case Standing Order of «Bank of Georgia» can help you out.What you need is just one active account, and you will be able to transfer funds to your deposit without ever coming to the bank. What you have to do is to make a notice to the Bank about the frequency and the amount you want your deposit to be replenished with, and the bank will perform your order.
Interest for accumulative deposits shall be calculated at the end of each day, based on the balance of the account.
| Term |
Ammount(GEL) |
| Months |
0-1000 |
1000.01-3000 |
3000.01-5000 |
5000.01-10000 |
>10000 |
| 3 |
8.50% |
8.75% |
9.00% |
9.25% |
9.50% |
| 6 |
9.50% |
9.75% |
10.00% |
10.25% |
10.50% |
| 9 |
10.00% |
10.25% |
10.50% |
10.75% |
11.00% |
| 12 |
11.00% |
11.25% |
11.50% |
11.75% |
12.00% |
| 18 |
11.50% |
11.75% |
12.00% |
12.25% |
12.50% |
| 24 |
12.00% |
12.25% |
12.50% |
12.75% |
13.00% |
| Term |
Amount(USD, EUR, GBP) |
| Months |
0-500 |
500.01-1500.01 |
1500.01-2500 |
2500.01-5000 |
>5000 |
| 3 |
5.00% |
5.25% |
5.50% |
5.75% |
6.00% |
| 6 |
6.00% |
6.25% |
6.50% |
6.75% |
7.00% |
| 9 |
6.50% |
6.75% |
7.00% |
7.25% |
7.50% |
| 12 |
7.00% |
7.25% |
7.50% |
7.75% |
8.00% |
| 18 |
7.50% |
7.75% |
8.00% |
8.25% |
8.50% |
| 24 |
8.00% |
8.25% |
8.50% |
8.75% |
9.00% |
Interest rate in case of violation of an agreement: 4% less compared with the rate predefined for the actual maturity term, minimum 2% p.a.
Bonus products of accumulative deposits:
- In case of opening a deposit in the amount of up to GEL 3,500 (or equivalent amount in foreign currency) – Visa Electron/Cirrus Maestro plastic card;
- In case of opening a deposit in the amount of GEL 3,500-GEL40,000 (or equivalent amount in foreign currency) – Visa Classic/MasterCard Standard plastic card;
Terms and conditions:
- Account can be opened in GEL/USD/EURO/GBP;
- Minimum amount: GEL/ USD/EURO/GBP 50;
- Amount of additional deposit: unrestricted;
- Frequency of making additional deposits: unlimited;
- Account maintenance commission: free of charge;
* If there is enough amount of money on deposit.
Calculator