The FINANCIAL — If you are looking for higher interest rates than deposit accounts can offer, then consider investing in certificate of deposit, which is among the better allocations of savings.
Compared with bank deposits owner of certificate of deposit is entitled to dispose it any time before the certificate of deposit expires.
VTB Bank (Georgia) offers two types of certificate of deposits: discounted and interest.
Discounted certificate of deposit is sold at discounted rate, or at a price lower its par value, and at maturity the holder of certificate of deposit receives face amount.
Minimum cost of purchase of discounted certificate equals GEL, USD or EUR 10 000; maximum interest rate – 10,80%; term 3-60 months.
Interest certificate of deposit is purchased at par value, while interest is accrued and paid on monthly basis.
Minimum cost of purchase of interest certificate of deposit equals GEL, USD or EUR 10 000; maximum interest rate – 10,80%; term 3-60 months.
You may purchase certificate of deposit at any branch of VTB Bank (Georgia).