Deposit Planet is an attempt to make the world of bank term deposits more transparent for smaller investors.
Term deposits are investments which have a fixed duration and allow banks greater clarity over the amount of money they are holding. In return, investors can secure higher rates of return from global institutions for their investment in exchange for the fixed term funding from lenders in emerging markets such as Georgia.
Deposit Planet makes money from the difference between the level of interest received from the bank and the interest rate subsequently offered to customers. There are no fees for opening an account, withdrawing (except for early withdrawals), or any annual service fees.