The Bank of Georgia Term Deposit lets customers place savings for a fixed period and receive a guaranteed return. Rates depend on currency, amount and term, and can be opened in the mobile bank or at a branch.
Deposits are covered by Georgia’s deposit insurance scheme up to the statutory limit, protecting the principal within those bounds.
What's good
- Guaranteed return fixed at opening
- Covered by deposit insurance
Trade-offs
- Funds locked for the chosen term
- Rate not published upfront
