Children's Step Savings
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About savings
Children’s step savings in the EUR currency is a form of term deposit that allows multiple successive payments during the deposit period. Children’s step savings is intended for the age group from 0–18 years.
The savings account is opened by parents or legal representatives, or guardians, and the account holder must be a child under 18 years of age, with a copy of the birth certificate and the ID card of the parent or guardian. The step savings agreement is concluded for a single period from 12 to 36 months.
The initial deposit, as well as all future individual deposits, cannot be less than EUR 20 (in writing: twenty euros). The maximum amount of an individual deposit, i.e. the maximum total sum of all deposits, cannot exceed EUR 25,000.00 (in writing: twenty-five thousand euros).
Maturity (Months) | Interest Rate for Amounts Up to 25,000 EUR |
|---|---|
12 Months | 1.50% |
24 Months | 2.00% |
36 Months | 2.50% |
Payout before the expiry of the agreed term is possible only in exceptional circumstances with the approval of the Bank’s Management Board.
The Bank is a member of the Deposit Protection Fund.
Deposit Protection Fund: http://www.fzdcg.org/