If you want to create savings for your child, choose the Child Savings Account: your child will receive the entire deposit amount with accrued interest upon reaching the age of majority!
Opportunity to choose a minimum amountThe minimum deposit amount is not determined Interest is added to the principal amount once a yearThe calculated interest is paid once a year until the child reaches the age of 18, crediting the interest to the Child Savings Account Supplement in cash or by a cashless transferYou can supllement the Child Savings Account at any time in the online bank or in the customer service centres of the Bank The child receives the money upon reaching the age of majorityThe savings account is opened in the child’s name, and third-party access to the savings is limited |
...and some more advantages and conditions
the child’s parents, bringing along their passport/ID and the child’s birth certificate
a guardian, bringing along his or her passport/ID, the child’s birth certificate (which contains the entry about the parents), the child’s passport (if issued) and the decision of the Orphan’s Court on the appointment of a guardian or a court decision approving adoption |
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