Child Deposit
Child deposit allows you to accumulate the amount for the child and at the same time get the interest. The deposit is opened under the name of the child, by his/her parent on legal representative.
Terms and Conditions of Deposit:
- Deposit opening - free
- Minimum term of deposit – 2 year, maximum- until the child comes of age
- Deposit currency – GEL, USD, EURO
- Minimal Installment: 50 units
- Augmenting the deposit amount – in any frequency, in any amount
- Utilization of accrued interest is allowed once a year.
- In case of breaching the deposit, the interest will be fixed as 70% of total interest rate
| ANNUAL INTEREST RATE | ||
| GEL | USD | EUR |
| 12% | 9% | 8.5% |
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