Back Child Deposit

Child Deposit can be opened using small depositions as well that will be accrued the highest available interest yield. Ensure bright future for your child. 

Opening deposit Free
Deposit currency GEL, USD, EUR
Minimum amount 10 units
Adding amount Unlimited
Maximum nominal interest rate 11%
Maximum effective interest rate 11.57%
Deposit term From 2 years – till the child reaches legal age
Withdrawing the part of the deposit Unacceptable
Interest accrual Annually/ based on the composite interest principle

Annual interest at the end of the term:

Term (years)

Rate

GEL

USD

EUR

2 years – till the child reaches legal age

Nominal 10.10% 4%

1%

Effective

10.58% 4.08%

1%

Note: Term of Child deposit - 2 years

Premature withdrawal provision: 
In case of a premature withdrawal, deposit in GEL shall be accrued annual 2% for actual term of deposition, whereas deposit in USD/EUR shall be accrued 0% 

  • Deposits is available in three currencies: GEL, USD, EUR
  • High interest yield
  • Interest yield is accrued on monthly basis, using principle of compound interest. Accrued yield is added to principal amount
  • The deposit term can automatically be prolonged for the same period, but only until child reaches legal age
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