Child Deposit
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.
Free
GEL / USD / EUR / GBP
Minimum term - 2 years
Maximum term – until the chiild reaches adulthood (18 years)
Minimum term - 2 years Maximum term – until the chiild reaches adulthood (18 years)
The standard interest rate applies in case of regular monthly contributions
If a monthly contribution is missed, the interest rates will decrease by 0.5%
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
The standard interest rate applies in case of regular monthly contributions If a monthly contribution is missed, the interest rates will decrease by 0.5% 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
Minimum Subsequent Contributions - 10 units
The standard interest rate only apply if contributions are made at least once a month.
Minimum Initial Contribution - 0 units Minimum Subsequent Contributions - 10 units The standard interest rate only apply if contributions are made at least once a month.
Via Internet/Mobile Bank
At a branch
With transfers from other banks
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
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.
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.
