GEO
Certificate of Deposit

Liberty Bank's Certificates of Deposit are the best way of investing your savings in order to earn high interest rates.

Certificate of Deposit is a financial instrument, by means of which you deposit savings with the bank for a certain period of time and receive high interest rates. Liberty Bank's Certificates of Deposit are the best way of investing your savings in order to earn high interest rates.

Main Benefits of Certificate of Deposit:

  • Certificate of Deposit accrues higher interest rate than the Term Deposit
  • Certificate of Deposit can be purchased for up to 60 months’ term, which is a longer period than a standard deposit term. The longer the term of the Certificate of Deposit, the more you earn high interest rates
  • Certificate of Deposit at the disposal of third party - You can sell the Certificate of Deposit at any time and still earn high interest rate

Terms of Certificate of Deposit:

  • Currency - GEL/US dollar
  • Minimum amount - 1,000 GEL / USD

You can use two types of certificates of deposit: Interest-earning and Discounted

  • Interest earning - If you want to benefit from a high monthly income, the Interest-earning certificate of deposit is the way to achieve this goal. By purchasing the Interest-earning Certificate of Deposit you will earn monthly interest rate, and get the initial value of the Certificate upon the expiration of its term.
  • Discount - If you do not plan to use your financial resources for a certain period, Discount Certificate of Deposit is the best way to guarantee the high return on your investment

To purchase the Certificate of deposit, please visit our nearest service center

Annual interest rates of Certificate of deposit:

 

Discount

Certificate of Deposit Term (month)/type GEL USD EUR
  Nominal Effective Nominal Effective Nominal Effective
3 8.00% 8.24% 2.00% 2.02%    
6 9.00% 9.20% 2.40% 2.41% 0.45% 0.45%
9 9.50% 9.61% 3.05% 3.06% 0.50% 0.50%
12 10.00% 10.00% 3.75% 3.75% 1.10% 1.10%
18 10.50% 10.24% 4.20% 4.16% 1.40% 1.40%
24 11.00% 10.45% 4.70% 4.59% 1.75% 1.73%
36 11.65% 10.51% 5.50% 5.22% 2.30% 2.25%

 

Interest

Certificate of Deposit Term (month)/type GEL USD EUR  
  Nominal Effective Nominal Effective Nominal Effective
3 7.85% 8.14% 1.95% 1.97%    
6 8.85% 9.22% 2.35% 2.38% 0.40% 0.40%
9 9.25% 9.65% 3.00% 3.04% 0.45% 0.45%
12 9.75% 10.20% 3.60% 3.66% 1.00% 1.00%
18 9.80% 10.25% 4.10% 4.18% 1.30% 1.31%
24 10.05% 10.53% 4.55% 4.65% 1.65% 1.66%
36 10.10% 10.58% 5.10% 5.22% 2.20% 2.22%
Calculating discount certificate of deposit’s current value: 
CP=NP/(1+R/365  ×RD)
Where:
CP Discounted certificate of deposit’s current value
NP Discounted certificate of deposit’s nominal value
R Annual interest rate
RD Number of days remaining starting from the selling date of the discount certificate of deposit up until it’s expiration date.
 
Calculating interest-earning certificate of deposit’s current value: 
CP=NP+NP×R/12×CI/DM
Where:
CP Interest-earning certificate of deposit’s current value
NP Interest-earning certificate of deposit’s nominal value
R Annual interest rate
RD Number of days starting from last date of earning accrued interest up until selling date of Interest-earning certificate of deposit
DM Number of days starting from last date of earning accrued interest until the consecutive date of interest accrual
 
Buyout of the certificate is the right of the bank, not its obligation. 
In case the Bank approves client’s request to buyout the Certificate before its expiration date, the selling interest rate will equal to the gained interest on the certificate + 5%, of which the client pays the Bank for remainder period of initial term.

 

As of 1 January 2018, in accordance with the Law of Georgia on Deposit Insurance System, all sums existed at all accounts of natural persons, regardless number of accounts, are insured for each bank and are compensated by the Deposit Insurance Agency up to the  5,000 GEL; the remainder shall be compensated as provided under the effective legislation of Georgia. 
For more information on deposit insurance system, see web site of LEPL Deposit Insurance Agency: www.diagency.ge