Save for your child’s future - easily, safely and with high returns
check-circle-filled The deposit can be opened in the child’s name by a parent or legal guardiancheck-circle-filled Savings and interest grow with monthly contributionscheck-circle-filled The funds become accessible to the child upon reaching adulthood.
Minimum term - 2 years Maximum term – until the chiild reaches adulthood (18 years)
The interest rate is fixed during the first year. At the end of each full year, the rate is updated to the Bank’s currently effective rate on Child Deposits
Minimum Initial Contribution - 0 units No mandatory monthly contribution is required.
Via Internet/Mobile Bank At a branch With transfers from other banks
The interest will not accrue if the deposit is closed before 12 months from the date of opening Only 70% of the interest will accrue if the deposit is closed after 12 months from the date of opening
If the child has become adult by the time the deposit matures, they will be able to withdraw the deposit. If the child is still underage when the deposit matures, the depositor will withdraw the funds.
