Certificate of Deposit

If you have a certain amount of money that you do not need for a particular period, buy a Certificate of Deposit at ReBank and get a high interest rate.

You can buy a Coupon CD (interest-bearing) or Zero-coupon CD (discounted) depending on when you want your interest to be accrued.

Coupon CD is sold at a face value and the interest is paid monthly.

The zero-coupon CD is sold at a discounted rate, which then pays out the face value at maturity. The difference between the face value and the purchase amount is the interest earned by you.

The disposal fee will be 0.1% of the Face value of CD, a minimum of 20 GEL. 

Repurchase Fee payable to the bank will be current interest rate which is applicable at the Bank on remaining term (or the next closest term) of the CD + 3%.

* Effective interest rate is calculated for 5000 units. Effective interest rate changes according to the deposit volume, maturity date, and interest accrual method.

From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System, whereas in case of insurance event, each individual depositor is entitled to receive compensation from the Deposit Insurance Agency, within the limit of 15,000 GEL. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance systems, visit the web site at: www.diagency.ge


Term 3 - 5
Months
6 - 8
Months
9 - 11
Months
12 - 14
Months
15-17
Months
18 - 20
Months
21-23
Months
24
Month
Zero-Coupon CD 12.15% 12.60% 12.70% 13.05% 13.10% 13.30% 13.40% 13.50%
Zero-Coupon CD (Effective) From 12.59% From 12.86% From 12.77% From 12.92% From 12.77% From 12.76% From 12.67% From 12.69%
Coupon CD 12.05% 12.20% 12.25% 12.30% 12.30% 12.35% 12.50% 12.45%
Coupon CD (Effective) From 12.74% From 12.91% From 12.96% From 13.02% From 13.02% From 13.07% From 13.24% From 13.19%
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