The TBC Term Deposit lets customers lock in savings for a fixed period and earn guaranteed interest. GEL rates scale with the term, reaching around 4% and higher on longer placements, while foreign-currency deposits carry lower rates.
Deposits can be opened in the mobile app or at a branch, and balances are covered by Georgia’s deposit insurance scheme up to the statutory limit.
What's good
- Guaranteed interest fixed at opening
- Covered by deposit insurance
Trade-offs
- Funds locked for the chosen term
- Foreign-currency rates are low
