Annual effective interest rates on deposits
Bank
Currency
Term deposit*
Demand deposit**
Bank of Georgia
Basisbank test
Cartu Bank
Credo Bank
Is Bank
Khalyk Bank Georgia
Liberty Bank test
Pasha Bank Georgia
Procreditbank
Silk Bank
TBC Bank
Tera Bank
Ziraatbank
*Term deposit – a deposit placed for a specific term, on which interest is accrued at the end of the corresponding period; early withdrawal is possible, but with reduced interest.
**Demand deposit – an immediately accessible deposit on which interest is accrued at the end of the calendar month, based on either the average daily balance during the month or the minimum balance during the month.
***Certificate of Deposit – a deposit placed for a specific term, on which interest is accrued at the end of the corresponding period; early withdrawal is not possible without the bank’s consent.