Quick Navigation

Certificates of Deposit

Standard CD service terms and conditions are based on the “Regulation for standard certificates of deposit for commercial banks” approved by the President of the National Bank of Georgia.

CD is a bank deposit, carrying the bank’s obligation to pay the holder the amount stated in the certificate on the specified date. Unlike the bank deposit, the certificate holder can sell the certificate to a third person at any time before its maturity date.

Bank of Georgia is issuing two types of CDs - discount and coupon.

Discount CD is a certificate for which the nominal value is determined upon purchasing it and the customer is guaranteed to receive that value at the end of the term. It is sold with a discount compared to its nominal value. At the end of the term, the holder of the certificate gets the amount equal to the nominal value. The difference between the nominal and the purchase price makes the holder’s profit (yield).

Coupon CD is a certificate for which the nominal value is determined upon the purchase and the customer is guaranteed to receive it at the end of the term. The customer gets monthly yield accrued to the certificate. At the end of the term, the certificate holder gets the amount equal to the nominal value.

Minimum CD issue amount is GEL 5,000 or foreign currency equivalent. After the expiration of the deposit term, cash withdrawal of the CD amount in the certificate registration branch office is free of charge. In all other cases, the withdrawal fee is determined according to the standard tariff applicable on the transaction date for cash withdrawals from a regular bank account. If CD is sold to a third person, the disposal fee of 0.1% of the total CD value, minimum GEL 20, is charged.   

CD interest rates

  Georgian Lari Foreign Currency
Term Discount Coupon Discount Coupon
3 8.10% 7.60% 1.50% 1.30%
6 9.20% 8.70% 2.25% 2.05%
9 9.75% 9.25% 3.00% 2.80%
12 10.50% 9.75% 3.75% 3.55%
18 10.75% 9.80% 4.10% 3.75%
24 11.00% 9.85% 4.50% 3.95%
36 11.25% 9.90% 4.60% 4.00%
48 11.75% 9.95% 4.75% 4.05%
60 12.25% 10.00% 5.00% 4.10%



Explanations:

  • The yield for CDs denominated in Euros is 1.5% less and The yield for CDs denominated Swiss Francs is 2.5% less;

  • Coupon type – coupon payment on a monthly basis;

  • Term - given in months;
     
  • CD buy-back yield is the sum of the issuance interest rate (which corresponds to the remaining term of the CD) from the table above and 3% p.a. The bank is entitled to amend or cancel the buy-back terms and conditions with its sole discretion at any moment, by changing these terms on this website

In case of disposal of a CD, if the holder benefits from a capital gain, then the holder has to declare this gain and pay tax according to the Georgian Legislation