GEO
ABOUT US

ABOUT THE COMPANY
News & Press Releases Our team Committees Ownership Structure Community Centres Liberty Express Centers ATMs & Branches Correspondent Banks CSR Contact Currency Exchange Environment

INVESTOR RELATIONS
Performance Highlights Financial information Credit Ratings IR Contacts For the attention of bondholders

Research & Analysis
Liberty Macro
OUR NETWORK
SEE MORE

OUR NETWORK

Find our ATMs, Service-Centers, Cash Payment Terminals and other physical touchpoints on an interactive map
SERVICES

FOR ME
Cards and Accounts Deposits and Certificates Loans Partner Developers Installment Remote services Money transfers Apple Pay Google Pay CashBack Liberty Partner

FOR MY BUSINESS
Operational services Deposits and Certificates Business Loans Remote services Trade Finance Payment Tools

Premium Banking Services
Liberty Wealth Liberty Brokerage

CAREER
CONTACT
ONLINE BANKING
Certificate of Deposit
Savings Account Meti Term Deposit Accumulative Deposit Savings Deposit My Money Box
Certificate of Deposit

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

A Certificate of Deposit is a financial instrument similar to securities. If you wish to invest your savings effectively, you can purchase a Certificate of Deposit for a certain term, on which you will accrue the highest interest returns.

Advantages of the Certificate of Deposit:

  • The Certificate of Deposit accrues the highest annual interest returns among deposit products at JSC Liberty Bank;
  • A Certificate of Deposit can be purchased for a maximum term of 60 months;
  • Transfer of the Certificate of Deposit to a third party is possible at any time.
  • Special, individually determined conditions are available for holders of the Studio Liberty Premium package (Liberty's Personal Banking direction).

Conditions of the Certificate of Deposit:

  • Currency - GEL / USD / EUR
  • Minimum value - 1000 GEL / USD / EUR
  • Certificate Term -
    • GEL/USD from 3 to 60 months inclusive
    • EUR from 6 to 60 months inclusive
  • Certificate Type -
    • Discount - Upon purchasing the certificate, you receive the interest benefit at the end of the term, along with the initial amount
    • Interest - Upon purchasing the certificate, you receive the interest benefit monthly, and the initial amount upon expiration of the contract term
  • Interest rate type - Fixed

 

Annual Interest Rate for Discount Certificate of Deposit: 

Period
(Month)

 GEL USD EUR
Nominal Effective Nominal Effective Nominal Effective
3 9.55% 9.90% 1.50% 1.51%    
6 10.30% 10.57% 1.70% 1.71% 0.50% 0.50%
9 10.50% 10.64% 1.90% 1.90% 0.80% 0.80%
12 11.50% 11.50% 2.10% 2.10% 1.70% 1.70%
18 11.00% 10.72% 2.40% 2.39% 1.90% 1.89%
24 12.00% 11.36% 3.00% 2.96% 2.10% 2.08%
36 12.20% 10.96% 3.60% 3.48% 2.30% 2.25%
48 13.00% 11.04% 4.00% 3.78% 2.00% 1.94%
60 13.50% 10.87% 4.00% 3.71% 2.00% 1.92%

 

*The effective rate is calculated based on the purchase of a Certificate of Deposit with a minimum nominal value of 1,000 units.


Annual Interest Rate for Interest-bearing Certificate of Deposit:

Period
(Month)

 GEL USD EUR
Nominal Effective Nominal Effective Nominal Effective
3 9.45% 9.87% 1.50% 1.51%    
6 10.10% 10.58% 1.60% 1.61% 0.40% 0.40%
9 10.15% 10.64% 1.80% 1.81% 0.70% 0.70%
12 11.10% 10.68% 2.00% 2.02% 1.60% 1.61%
18 10.20% 10.69% 2.30% 2.32% 1.80% 1.81%
24 11.00% 11.57% 2.80% 2.84% 2.00% 2.02%
36 11.00% 11.57% 3.40% 3.45% 2.20% 2.22%
48 11.00% 11.57% 3.50% 3.56% 1.50% 1.51%
60 11.00% 11.57% 3.50% 3.56% 1.50% 1.51%

 

*The effective rate is calculated based on the purchase of a Certificate of Deposit with a minimum nominal value of 1,000 units.

 

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 + 4%  GEL; +3% USD/EURO, of which the client pays the Bank for the remaining period of the initial term.

 

 As of 1 January 2018, the bank participates in the Deposit Insurance System established on the basis of the Law of Georgia. All sums existing at all individual accounts, regardless of the number of accounts, are insured for each bank and are compensated by the Deposit Insurance Agency up to 15,000 GEL; the remainder shall be compensated as provided under the effective legislation of Georgia.
For more information on deposit insurance systems, see the website of LEPL Deposit Insurance Agency: www.diagency.ge