We offer you to place “Minor Deposit” for your child’s carefree future. Minor term deposits are accepted from physical individuals conditioned of investing on the name of the child.
|Limits of the attracted amounts||100,000 - 25,000.00||250 - 50,000|
|Interest rate 1||9,5%||4,5%|
|Term||from 2 years up to the child reaching 18|
1 Two years after the signing of the agreement and every next year the deposit interest rate will be reviewed, based on the interest rate of a Classical deposit in relevant currency for a term of 366 days effective as of the revision date. Payment of deposit interest or interest capitalization will be performed on a monthly basis.
You can add money to your deposit amount starting from AMD 40,000 or USD 100. The total of all your additions made within 1 (One) month cannot exceed AMD 5,000,000 or USD 10,000 (in case of exceeding the mentioned amounts the bank's relevant decision is required). During the last 3 months of validity of the deposit agreement you cannot increase your deposit amount.
The deposit amount cannot be partially reduced.
When placing a deposit with the bank, you will be provided with a free payment card without annual service fee, and if wished, it may be reloaded with the interest accrued on the deposit amount:
- Maestro payment card – in case of placing a deposit of up to AMD 10 million, USD 20,000;
- MasterCard Gold payment card – in case of placing a deposit equaling or exceeding AMD 10 million, USD 20,000;