If you plan to save money for your children until they come of age, our Child Deposit Account will allow you to save by making periodic deposits until your child, grandchild or other young relative reaches adulthood.

Terms and Conditions:

• Initial minimum deposit requirement: 500 GEL/USD/EUR
• It is possible to add money to the Child Deposit, and there are no restrictions with regard to the size or periodicity of each subsequent deposit
• Term: the beneficiary must turn 18 years old by the end of the deposit period (minimum 2 years)
• Interest payment principle: Interest accrued on the Child Deposit is paid at the end of every 12 months from the date of deposit opening
• Earned interest is added to the deposit amount and interest continues to accrue on the increased amount from the next year
• A Child Deposit may be opened by the child’s legal representative, one of the parents/guardian or custodian (contractor)
  
  

*Note: the bank reserves the right to change the interest rate on the child deposit at any time.
Any person is eligible to open the deposit, but only a parent or legal guardian is eligible to manage the deposit account.

Early termination of the agreement: If the agreement is terminated prematurely, full interest will be added to the deposit for each completed year, and GEL-0.75%, USD-0.5%, EUR-0.25% - for the remaining term.
For example, if you opened a deposit for 8 years but terminated the agreement after 5 years and 3 months, you will be paid full interest for 5 years and 0.75% p.a. for the remaining 3 months.

Information about deposit insurance system

Would you like to open Child Deporit or get additional information?
Tell us how we can reach you and we'd be happy to contact you.

Application