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Increasing Saving Deposits

Accumulate the desired amount in the most efficient way.
Calculate the future value of your savings

With the Increasing Savings Deposit, you can easily accumulate a desired amount of money for a particular purpose(e.g. financing a car, holiday, etc.).

Account Description Increasing Savings Deposit at TBC Bank is a so-called "Cash-Box", that helps you to collect money through monthly savings.
TBC Bank will accrue interest on each amount you deposit, enabling you to accumulate the desired amount in the most efficient way.
Interest

The annual interest rate for the Iincreasing Savings Deposit is:

TERM 4-5 months 6-8 months 9-11 months 12-23 months 24-36 months
USD 6% 7% 8% 9% 10%
GEL 8% 9% 10% 11% 12%
EURO 6% 7% 8% 9% 10%

Account Benefits

■ You earn higher interest rate for shorter term and smaller deposit amount.
■ No Fixed deposit schedule.

Initial Deposit

Initial minimum deposit requirement is 20 USD/EUR/GEL.
Further monthly deposits - as low as 20 USD/EUR/GEL.
No cap limits are set for the monthly deposits.

Terms

The savings period ranges between 4 and 36 months.
The deposit amount may differ on the monthly basis.
If you fail to deposit more than twice, interest rate will be applied similar to those of Savings Deposits.

Operations Only cash operations are accepted for the Increasing Savings Deposits.
You can also deposit funds via Internet Banking and Direct Debit for more flexibility.
In case of premature withdrawal the Savings Deposits interest rate will be applied to the accumulated amount.
Fees Account opening and transactions are Free of Charge.

Additional FREE Bonuses:

 

  • Remote services
    • Internet Banking
    • Direct Debit

 

- FREE Registration and first quarter service.

Accumulate the desired amount in the most efficient way. Start Today!

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