Child deposit is the best way of saving money for a child.
- Opening the deposit account - free of charge;
- The deposit account can be opened by a parent or any other person in the child’s name.
- The minimum required period is 2 years, the maximum term - till the child's full age;
- If the account is opened by the child’s parents, they are entitled to use the account until the child becomes of age;
- If the deposit is opened by a third person, hi/shi have the right to administer the account until the child becomes of age;
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Once the child becomes of age the right is transferred to him/her;
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The annual interest rate of deposit opened in GEL 14,50%;
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The required initial minimum deposit amount is 50 GEL / 25 USD / 25 EURO;
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After the first deposit, monthly payment is no less then 10 monetary unit;
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In case of cancellation of the agreement before due date, on the deposit is accrued reduced interest rate determined by the contract.
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