Example of interest yield accrual


March 1: The balance on the "Megobariā€ Deposit is  GEL12, 000.

March 10: You withdraw GEL500 from the deposit.

March 20: You add GEL1, 000 to the deposit.

 

As a result interest yield will be accrued on the deposit in the following way:
Annual 6.50% corresponding to 31 days will be accrued on GEL11, 500, which represents: GEL 63.49

Annual 2.00% corresponding to 9 days will be accrued on GEL 500, which represents: GEL 0.25

Annual 2.00% corresponding to 12 days will be accrued on GEL1000 which represents: GEL 0.66


Your total interest yield for March represents: GEL 64.40