Certificate of Deposit

A Certificate of Deposit is an agreement to deposit money for a fixed period of time that will earn you guaranteed higher interest compared to standard term deposit. Isbank Georgia can issue Coupon and Discount CDs.


- Coupon CD is a type of certificate of deposit which is sold at nominal value. The holder gets fixed monthly coupon (periodic interest) payments to the certificate. At maturity, the certificate holder gets the amount equal to the nominal value.



ANNUAL INTEREST RATES

Term	Coupon	Effective Rate
6 months	2.60%	2.61%
9 months	3.10%	3.11%
12 months	4.60%	4.60%
18 months	4.60%	4.55%
24 months	4.60%	4.50%
36 months	4.60%	4.40%

TERMS

- Issuance of certificate - Free;
- Minimum amount - 5,000 USD;
- Interest withdrawal - Monthly or at the end of the term;
- CD Buy back before maturity is subject to Bank approval. Bank has right to reject offer;
- Buy back - CD rate + 3%;
- Certificate holder is entitled to sell the certificate to any individual, only upon bank's approval;
- Transfering CD to a third person - 0.1% from the CD value, minimum GEL 30;
- Bank is not obliged to redeem the certificate before the due date;
- One certificate may have only one owner. Partial alienation of the certificate is not allowed.