Child
- Term: 18 years
- Payment՝ semi-annual
- Addition: allowed
- Reduce: allowed
- Termination: allowed
- Type: with capitalization
The annual nominal interest rate is unilaterally changed by the Bank every 3 (three) years (continuously), starting from the date of expiry of that period, the interest rate shall be set to the extent corresponding to the maximum annual interest rate established at that time in the Bank for the 367-day term of the "Classic" deposit type, reduced by 0.25 percentage points.
The deposit is placed to the benefit of a child (up to 18 years), but the deposit agreement is concluded with the investor.
The end of the term of the deposit is considered the day following the 18th anniversary of the child.
Before the expiry of the term of the deposit, only the investor can manage the money and after the expiry of the term- the child who has become an adult.