OREANDA-NEWS. August 11, 2010. We are happy about our children’s first step, first word, and first achievements… Then why not ensure a stable point of support for our children to fly the nest, reported the press-centre of PrivatBank.

AS "PrivatBank" offers its customers to open a Children’s Money Box, which will allow you to help your child to fulfil his dream by making small payments to the savings account, no matter what it is, starting new business, good education or something else.

We offer you to find out more about how your child’s savings are calculated:
Parents, taking care of their child’s future, open a Children’s Money Box for their 2-year old daughter Louise at 5.5% LVL p.a. and add 20 LVL to it every month. When Louise reaches the age of 18, she will receive savings in the amount of 5934.59 LVL *.

*The example is provided for informative purposes only. The savings amount indicated is made up of a fixed annual interest rate of 5.5% and the capital gains tax of 10%. The Bank reserves the right to change the annual interest rate indicated without prior notice.

You can open a Children’s Money Box at any AS “PrivatBank” branch, taking along your passport and your child’s birth certificate.