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Convenience
You can cash deposit amounts at any time without compromising the return.
For the little ones who will be grown up tomorrow – let’s give them a successful start together!
Raiffeisenbank gives you an opportunity to invest in the future of your child. Provide security and a successful start with a Child deposit.
You can cash deposit amounts at any time without compromising the return.
You save until the child comes of age.
After reaching the age of majority, the account holder may dispose of the funds at their discretion.
A Child deposit with Raiffeisenbank may be opened in the name of any child aged up to 18 years by a parent, guardian or a third party.
Period | Until the deposit holder reaches the age of majority (18 years) |
Currency | BGN, EUR, USD |
Minimum opening amount | 100 BGN, 50 EUR, 50 USD |
Currency | Minimum balance | Interest rate |
---|---|---|
BGN | 100 | 0.10% |
EUR | 50 | 0.10% |
USD | 50 | 0.10% |
Interest is accrued and accumulated to the amount of the deposit at the end of each calendar year. The interest is calculated on a 360/360 basis. After the maturity date the interest is accrued on the deposit as on a payment account.
The date on which the account holder reaches 18 years of age.
You may add money to the Child deposit at any time without limitation of the amount.
Third parties other than the person who has opened the deposit may also cash deposit money to an already opened Child deposit.
If you are a parent (guardian, trustee) you can withdraw part or all of the amount of the deposit before the age of majority but only after presenting to the Bank a decision of the Regional Court with jurisdiction for the address the account holder permitting the disposal with the money in the deposit.
In case of earlier closing of a Child deposit the interest accrued until that time is paid.
The deposits at the bank are guaranteed through the participation of the Bank in the Deposit Insurance Fund. The Fund guarantees the payment of deposits of 1 person with the Bank, irrespective of the number and amount of the deposits, up to BGN 196,000 in total for principal and interest under all deposits, under the terms of the Law on the Bank Deposit Guarantee.
Visit the nearest office of Raiffeisenbank.