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Child Deposit

Secure Your Child's Future

With Child deposit:

  • You are securing your child’s future starting with 10 GEL. At the end of the deposit’s period you make a significant saving;
  • You can add any amount to your deposit anytime you wish;
  • You can convert your savings account to any currency you wish;
  • If you decide to take the loan, you can benefit from the conditions.

 

Terms of Child deposit:

 Minimum amount to open: 10 GEL/Foreign currency;

 Term: until adulthood: minimum – 2 maximum – 18 years;

 Conditions of interest rate accrual: annual and monthly interest rate is added to the initial deposit.                 

 

Period

Rate

GEL

USD

EUR

GBP

From 2 – 18 years

Nominal

10.20%

3.85%

0.65%

2.05%

Effective
 
10.20% 3.85% 0.65% 2.05%

 

 

 

 

 

 




Explanations:
 
  • The yield for Deposits open in ILS, NOK, SGD, HKD, HUF, CZK is same as for Deposits open in GBP.  
  • The yield for Deposits open in CHF, JPY, SEK, DKK is same as for Deposits open in EUR; 
  • The yield for Deposits open in AED, AMD, AUD, AZN, BYN, CAD, INR, PLN, RUB, TRY is same as for Deposits open in USD;