CHILD DEPOSIT

Start saving money for your child’s future goals

  • Initial minimum deposit requirement: 100 GEL/USD/EUR

  • Term: the beneficiary must turn 18 years old by the end of the deposit period (minimum 2 years)

  • It is possible to add money to the Child Deposit, and there are no restrictions with regard to the size or periodicity of each subsequent deposit
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CALCULATE YOUR RETURN

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Min. amount ₾500

Terms

Amount at maturity

0 GEL

Interest benefit

0 GEL

Nominal interest rate

0%

Effective interest rate

0%

CHILDREN'S DEPOSIT

Children's deposit interest rate table

Nominal Interest Rates Effective Interest Rates
GEL USD EUR GEL USD EUR
8.50% 2.20% 1.00% 8.50% 2.20% 1.1%

EXPLORE MORE DEPOSITS

PLACE YOUR AVAILABLE FUNDS FOR A FIXED TERM

  • Minimum amount - 500 GEL/ USD/ EUR
  • Term Deposit is opened in a fixed amount and for a predefined period


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ACCESS YOUR FUNDS WHENEVER YOU NEED THEM


  • For opening Savings Account FlexSave is not requested minimum amount;

  • Interest accrual principle: Interest is accrued on the balance available at the end of each day, and is calculated at the end of each month;

  • The interest calculated at the end of each month is credited to the current account.





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START SAVING FOR YOUR GOAL

  • Deposit is opened for a predefined period and there is no minimum amount required for opening
  • It is possible to add money to the deposit without limitation
  • Interest on the deposit is paid on maturity







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FREQUENTLY ASKED QUESTIONS

Who can open child deposit?

A Child Deposit may be opened by the child’s legal representative, one of the parents/guardian or custodian (contractor)

How is the principle of Interest payment?

Interest payment principle: Interest accrued on the Child Deposit is paid at the end of every 12 months from the date of deposit opening. Earned interest is added to the deposit amount and interest continues to accrue on the increased amount from the next year

What if i withdraw the money before maturity?

If the agreement is terminated prematurely, full interest will be added to the deposit for each completed year, and GEL-0.75%, USD-0.5%, EUR-0.25% - for the remaining term.
For example, if you opened a deposit for 8 years but terminated the agreement after 5 years and 3 months, you will be paid full interest for 5 years and 0.75% p.a. for the remaining 3 months.

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