Long-term planning for every child up to the age of 18
Build a financial reserve for life's important moments.
Children's
The first step
towards your child's
financial security
An ideal gift
Make your children's or grandchildren's dreams come true!
Deposit money at any time
Security and returns for your children's future
Specifications:
- Currency: EUR and USD
- Annual interest rate: 0.15%
- Minimum balance: 20 currency units
- Term of the children's savings deposit: once the child reaches the age of majority, the deposit is automatically converted into an open-ended savings deposit. Each child may hold an unlimited number of deposits.
- Interest payment: accrued interest is paid by capitalisation, i.e. added to the deposit balance at the end of the calendar year or upon closure of the account.
- Withdrawals: may be made at any branch of the bank in accordance with statutory provisions – by the legal representative(s) with the authorisation of the District Court.
Useful information
The interest rates quoted are not fixed and are set in line with the bank's Interest Rate Bulletin; they apply to children up to the age of 18. The holder of the children's savings deposit is the child, and once he or she reaches the age of majority, the deposit is automatically converted into an open-ended savings deposit. Each child may hold an unlimited number of deposits.
Postbank guarantees deposits through its participation in the Bulgarian Deposit Insurance Fund (BDIF), as required by law.
