[TBC Bank] Child Deposits

Account Description	Child Deposit enables you to save money for children until they reach adulthood. Compared to the other deposits, it has higher interest rate and has no fixed deposit schedule.
Interest	USD-11%, EUR-11%, GEL-13% The standard interest rate will be applied if the deposits are made monthly, otherwise deposit will accrue 0.5% less interest. The annual interest rate is fixed during the first year. Starting from the end of the second year, interest rates will be reviewed yearly, determining new rates for the child deposits.
Account benefits	High interest rate. No fixed deposit schedule.
Minimum/Maximum Deposit Requirement	The initial minimum deposit requirement is 20 USD/EUR/GEL. Further required deposits - as low as 20 USD/EUR/GEL.* The number and the maximum amount of deposits are not restricted.
Term	The minimum required period is 2 years. The maximum term-until the child reaches legal adulthood age.
Interest Accrual	Interest is accrued on the annual basis through a compound interest rate. The first interest rate accrual will be placed in a year after the account opening.
Premature Cancellation	In the event of premature cancellation, the deposit holder will receive 70% of the total interest accrued during the period.
Operations	Besides the cash operations, you can make additional deposits to the Child Deposit account via Internet Banking and Direct Debit for more flexibility.* The deposit can be automatically prolonged for the same period (maximum till the child’s adulthood age) after the maturity.
Fees	Account opening and transactions - Free Of Charge. Child Deposit account is opened in USD,EUR and GEL.
Taxation	NONE

* The additional deposit amount is not limited only if the transaction is made via our Remote Banking services such as Internet Banking and Direct Debit.

Bonus!

Open a Child Deposit for the maximum term - till the child’s adulthood and earn extra 0.5% interest for the first two years!

We can provide the financial future of your child.

Open a Child Deposit today and get additional free bonuses:

Remote services
• Internet Banking
• Direct Debit

- FREE Registration and first quarter service.