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
- Accrued
interest can be utilized at the end of term.
- In case of breaching the deposit within the first two years from oprning the deposit, the interest of savings deposit existing in the bank, will be accrued on it on the day of breaching the deposit. In case of breaching two yearsafter opening the interest will be fully accrued on the completed years, but on the breached one- the interest applied by the bank on the savings deposit by that period.
| ANNUAL INTEREST RATE | ||
| GEL | USD | EUR |
| 12% | 9% | 8.5% |
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