Bank deposits in Georgia
Looking for higher interest on your savings? Discover term deposits in Georgia.
For 12-month term deposits in lari, Georgian banks report effective rates of 8.00% to 10.20% – for euro deposits it is 0.00% to 2.50%. See the current figures, work out the currency risk yourself and, if you wish, get personal support until the bank confirms your deposit.
- Figures from the National Bank of Georgia
- Deposit insurance up to GEL 50,000 per bank
- Your money stays with the bank in your name
Effective rates for 12 months
9.70%Median GEL
- GEL Lari 8.0–10.2%
- USD US dollar 1.4–4.0%
- EUR Euro 0.0–2.5%
Your advantages at a glance
- Lari rates around 9.70%Median 12-month rate of 13 banks, effective per year.
- Insured up to GEL 50,000Statutory deposit insurance per depositor and bank, interest included.
- GEL, USD or EURTerm deposits are available in lari, US dollars and euros – at different rates.
- Directly with the bankYour money goes directly to the bank you choose and stays there in your name.
Term-deposit rates at Georgian banks
Effective annual rates for term deposits as reported by the banks to the National Bank of Georgia. According to the National Bank, the effective rate includes all mandatory fees. Sorted by 12 months.
| Bank | 3 months | 6 months | 12 months |
|---|---|---|---|
| Pasha Bank Georgia | 9.47% | 10.04% | 10.20% |
| Credo Bank | 9.68% | 9.94% | 10.05% |
| Halyk Bank Georgia | 8.51% | 8.68% | 10.00% |
| Cartu Bank | 9.31% | 9.68% | 9.80% |
| Isbank | 9.74% | 9.83% | 9.80% |
| ProCredit Bank | 9.41% | 9.83% | 9.80% |
| Terabank | 9.52% | 9.78% | 9.70% |
| Basisbank | 8.99% | 9.10% | 9.61% |
| Liberty Bank | 8.99% | 9.10% | 9.60% |
| Silk Bank | 7.29% | 9.20% | 9.50% |
| Bank of Georgia | 8.83% | 9.04% | 9.25% |
| TBC Bank | 8.40% | 8.73% | 8.85% |
| Ziraat Bank | 6.14% | 6.61% | 8.00% |
| Bank | 3 months | 6 months | 12 months |
|---|---|---|---|
| Halyk Bank Georgia | 1.61% | 2.62% | 4.00% |
| Ziraat Bank | 2.01% | 3.02% | 4.00% |
| Isbank | 2.57% | 2.97% | 3.60% |
| Cartu Bank | 1.00% | 1.76% | 3.00% |
| Credo Bank | 2.12% | 2.52% | 2.90% |
| Pasha Bank Georgia | 1.61% | 2.11% | 2.65% |
| ProCredit Bank | 1.41% | 2.16% | 2.65% |
| Terabank | 1.96% | 2.01% | 2.50% |
| Basisbank | 1.41% | 1.71% | 2.00% |
| Liberty Bank | 1.41% | 1.71% | 2.00% |
| Silk Bank | 1.36% | 1.51% | 1.80% |
| Bank of Georgia | 1.00% | 1.20% | 1.50% |
| TBC Bank | 1.00% | 1.20% | 1.40% |
| Bank | 3 months | 6 months | 12 months |
|---|---|---|---|
| Halyk Bank Georgia | 1.51% | 2.26% | 2.50% |
| Cartu Bank | 0.25% | 0.75% | 2.00% |
| Isbank | 1.41% | 1.66% | 2.00% |
| Ziraat Bank | 1.00% | 1.51% | 2.00% |
| ProCredit Bank | 1.00% | 1.35% | 1.95% |
| Terabank | 0.80% | 0.95% | 1.70% |
| Credo Bank | not reported | 1.51% | 1.65% |
| Basisbank | 0.90% | 1.20% | 1.60% |
| Liberty Bank | 0.00% | 1.20% | 1.60% |
| Pasha Bank Georgia | 0.60% | 1.00% | 1.55% |
| TBC Bank | 0.10% | 0.30% | 0.40% |
| Bank of Georgia | 0.00% | 0.00% | 0.25% |
| Silk Bank | 0.00% | 0.00% | 0.00% |
Retrieved 8 Nov 2026 · Data: National Bank of Georgia · nbg.gov.ge (opens in a new window)
The bank confirms the conditions for your application. Different rates, minimum amounts or offers may apply to non-residents.
Why lari rates are higher
Lari rates follow the monetary policy of the National Bank of Georgia and the lari market. The same banks pay much less on US dollar and euro deposits – the difference lies in the currency, not in the bank.
A lari deposit therefore suits you best if you use lari anyway, or if the interest advantage outweighs a possible exchange-rate move for you. The calculator shows you exactly that.
- GEL Lari9.70%
- USD US dollar2.65%
- EUR Euro1.65%
- Median, 12 months · Retrieved 8 Nov 2026 · Data: National Bank of Georgia
Calculate interest
Enter amount, currency and term. Choose a bank from the table or enter your own rate.
Default: median of the National Bank table
- Interest
- GEL 1,940.00
- Tax
- –
- Interest after tax
- GEL 1,940.00
- Monthly payout
- –
- Amount at maturity
- GEL 21,940.00
- Effective per year
- 9.70%
What remains in euros
Today in euros: €6,897
| Lari 10% weaker | €6,878 |
|---|---|
| Rate unchanged | €7,566 |
| Lari 10% stronger | €8,407 |
The lari can weaken against the euro by up to 9.70% before the euro value at maturity falls below your amount today.
Interest in lari is not a euro return. The bank sets the conditions. Retrieved 8 Nov 2026 · Data: National Bank of Georgia
Request assistance with these detailsExample calculation with your inputs – not investment, tax or legal advice.
Currency, insurance and conditions
Currency
Interest in lari is not a euro return. What remains in euros depends on the exchange rate at maturity. The calculator shows how far the lari can weaken before the interest advantage is used up.
Deposit insurance
Deposits of individuals are insured up to GEL 50,000 per bank – all deposits at the same bank together, interest included; compensation is paid in lari. Company deposits are not insured.
Tax
Interest paid by a bank licensed in Georgia is not taxed at source in Georgia (Tax Code of Georgia, Art. 131(5)). In your country of residence, interest is usually taxable, and accounts are reported under the CRS standard.
How account reporting worksBank conditions
Whether a bank opens a term deposit for non-residents, and which minimum amount and rate apply, is decided by the bank – sometimes individually. Early withdrawal usually means less interest.
Bank deposit assistance
A separate StartKap service – whether or not you already have a Georgian bank account. Choose your situation:
What we take care of
- Choose the bankWe go through the published conditions of suitable banks with you – term, currency, interest payment.
- Prepare the documentsYou receive the list of documents the bank requires. We check them for completeness and form.
- Coordinate the applicationWe coordinate your deposit application with the bank – remotely where the bank allows it, otherwise we prepare the appointment.
- Review the confirmationWe go through the bank’s deposit confirmation together: term, rate, payout, rules for early withdrawal.
Your money goes directly to the bank you choose and stays there in your name. StartKap never accepts client funds.
Acceptance, interest rate and availability are set by the bank.
Not included
- Receiving or transferring client money
- Decisions on your behalf
- Investment, tax or legal advice
- Guarantees of acceptance, rate or availability
- Ongoing monitoring or renewal, unless agreed separately
Frequently asked questions
Can foreigners open a term deposit in Georgia?
Yes, Georgian banks also offer term deposits to non-residents. Each bank decides whether and on which terms – some agree rates for non-residents individually. As a rule, you need an account with the bank.
How much is covered by deposit insurance?
Deposits of individuals are insured up to GEL 50,000 per depositor and bank. All deposits at the same bank are added together, interest included; compensation is paid in lari. With several banks, the limit applies per bank.
What happens if the lari falls?
Then the lari are worth fewer euros at maturity. The calculator shows the threshold: up to this depreciation, your euro result stays above the starting amount. If you want no currency risk, you can choose a euro or dollar deposit – at lower rates.
Do I have to pay tax on the interest at home?
Usually yes: interest is taxed in the country where you are tax resident. Georgia itself does not withhold tax on interest from licensed banks. Please clarify this with your tax adviser.
Will my account be reported to my tax office?
Georgia exchanges account information under the CRS standard. Accounts of people resident in a participating country are therefore reported – which is no problem with a proper tax return.
What is the difference between effective and nominal rates?
The nominal rate is the agreed rate. The effective rate shows the actual annual yield including compounding and mandatory fees. The National Bank table lists effective rates.
Related
Discuss your requirements
Briefly describe your plans. We reply personally in English, German or French and explain which services and documents fit your situation.