Savings Account "Meti"
Open a savings account "Meti" and save more for your desires.
9.5% annual rate in GEL, 0.95% effective rate in GEL. Interest is earned on both the deposited amount and the accrued interest. Add or withdraw any amount at any time. You can open a deposit at Studio Liberty branches or simply via Mobile Banking.
Terms and Conditions
| Deposit opening and maintenance | Free |
| Deposit term | Indefinite |
| Deposit currency | GEL, USD, EUR, GBP |
| Initial minimum deposit | Not required |
| Interest Accrual | Interest is calculated on the minimum balance maintained on the account between the first and last day of the monthspecifically, on the untouched amount. |
| Withdrawal of funds from the deposit | Free of charge, if funds are withdrawn from the branch/service center where the cash deposit was originally made. Free of charge from the branch/service center in whose vicinity the cash was deposited via an ATM or self-service terminal (LB Pay/365). In all other cases, the withdrawal fee will be determined by the cash withdrawal commission set for the respective tariff package. |
Annual interest rate for Savings Account "Meti"
| Currency | Nominal | Effective |
|---|---|---|
| GEL | 9.50% | 0.95% |
| USD | 0.50% | 0.05% |
| EUR | 0.25% | 0.03% |
| GBP | 0.10% | 0.01% |
| Currency | Nominal | Effective |
|---|---|---|
| GEL | 9.50% | 0.95% |
| Currency | Nominal | Effective |
|---|---|---|
| USD | 0.50% | 0.05% |
| Currency | Nominal | Effective |
|---|---|---|
| EUR | 0.25% | 0.03% |
| Currency | Nominal | Effective |
|---|---|---|
| GBP | 0.10% | 0.01% |
*The effective rate is calculated based on a minimum deposit of 100 units, with monthly interest withdrawal.
Since January 1, 2018, the bank has been a participant in the Deposit Insurance System, established based on the Law of Georgia "On the Deposit Insurance System." Upon the occurrence of an insurance event, the available amount on the depositor's deposit/account will be reimbursed by the Deposit Insurance Agency within the limit of 50,000 GEL, while the remaining amount will be compensated in accordance with the rules provided by applicable legislation. For additional information, you can visit the website of the LEPL Deposit Insurance Agency: www.diagency.ge
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