A child deposit is opened in the name of the child, by a parent or a custodian.
Minimum initial deposit:
GEL 50
USD/EUR 25
The frequency of amounts deposited is up to the depositor. The minimum amount of each subsequent deposit is 10 units in the respective currency.
Term of the deposit:
Until the child comes of age, at least 3 years.
Interest is accrued on the deposit once a year, at the end of the 12th month after opening the deposit.
In case of early termination of the agreement, a reduced interest rate is accrued on the deposit amount.
Interest Rate
GEL
USD
EUR
Effective Interest Rate - 3 years
GEL
USD
EUR
Effective Interest Rate - 18 years
GEL
USD
EUR
From January 1st, 2018, the Bank is a member of a deposit insurance system established in Georgia in accordance with the Law of Georgia on Deposit Insurance System.
In case of insurance event, the amount available on the depositor’s deposit/account will be reimbursed by the Deposit Insurance Agency, within the limit 30 000 Gel. The amount above the limit shall be compensated as provided under the effective legislation of Georgia.
For more information on deposit insurance system, visit web site at: www.diagency.ge“.
