Savings Account Meti
Open Savings Account Meti and get closer to your goals
- Earn 9.5% annual interest in GEL and 0.95% effective interest in GEL
- Interest is calculated on both the principal and accrued interest
- Add or withdraw funds at your convenience
- Open your account at any Studio Liberty branch or easily through mobile banking
Conditions
Not specified
Lari, US Dollar, Euro, Pound Sterling
Not required
Interest is calculated on the minimum daily balance maintained in the account during the period from the first to the last day of the month.
- Withdrawals are free from the same branch or service center where you made your cash deposit
- Withdraw your cash for free at any branch or service center near an ATM or LB Pay/365 device where you made a cash deposit
- For withdrawals from other locations, a fee will apply as outlined in our fee schedule
Annual interest rate on 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 assuming that tha average balance on the deposit is 1000(thousand) units, and the minimum balance is 100(hundred) units
Deposit in foreign currency:
- A deposit in foreign currency exposes the customer to significant risk;
- A change in the exchange rate may significantly reduce the benefit expressed in GEL;
Please note:
Your deposit is insured within the framework of the Deposit Insurance System established on the basis of the Law of Georgia "On the Deposit Insurance System";
In case of changes in the significant terms of the contract, the customer will be informed at least 2 (two) months in advance, and in case of an increase in the price of another financial product - at least 1 (one) month in advance by short text message;
The customer has the right to submit a claim to the bank orally, in free writing, in standard writing or electronically;
Find out useful information for customers on the website of the National Bank of Georgia - www.nbg.gov.ge/cp and on the hotline + 995 322 406406;
Since January 1, 2018, the bank has participated in the deposit insurance system created under the Law of Georgia on "Deposit Insurance System". In the event 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 30,000 GEL, and the remaining amount will be reimbursed following the rules envisaged under the applicable legislation. For more information, you may visit the website of the Deposit Insurance Agency: www.diagency.ge