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INTERNET BANKING

Child Deposit

Credo Bank's high-yield children's deposit is designed for clients who want to take care of their own little children’s education and a successful future from an early age.

 

Create a secure future for your little one!

 

It is possible to add the desired amount to the children's deposit at any time, in any amount.

Advantages
  • High interest rates
  • Annual accrual of interest
  • Possibility to open the deposit in the desired currency (GEL/USD/EURO)
  • Depositing money without a mandatory schedule
  • Ability to accumulate in small amounts
Benefits
  • Deposit term: from the age of 2 – till the adult age of 18
  • Opportunity to open a deposit - from 50 units (in the currency of the deposit)
  • Minimum / maximum amount of deposit: Unlimited
  • In case of early termination, full interest will be accrued on the deposit on each completed year until the mentioned period.
Terms
Interest Rate GEL USD EUR
NOMINAL 10.80% 3.25% 1.05%
effective % interest  10.34% 3.21% 1.05%

Any depositor natural person in each commercial bank will be reimbursed by the Deposit Insurance Agency within 15,000 GEL, regardless of the number of deposits / accounts in each commercial bank, and the remaining amount will be reimbursed in accordance with the current legislation.

For more information you can visit the website of LEPL Deposit Insurance Agency: www.diagency.ge