OREANDA-NEWS. September 21, 2011. Endeavoring to satisfy the needs of contemporary depositors, Credit Agricole Bank offers a new deposit program intended for customers who are willing to accumulate funds for the future needs of their children, reported the press-centre of Credit Agricole.

“Child deposit” is opened by parents, relatives or by the child himself/herself starting from the age of 14 and gives an opportunity of free replenishment at any time.

Deposit terms:

deposit is opened at any time for up to 18 years

minimum deposit amount: 500 UAH/100 USD/100 EUR

minimum replenishment amount: 100 UAH /20 USD /20 EUR

maximum deposit amount: 1 M UAH or the applicable currency equivalent

if a respective amount is deposited at once, the child receives additional interests: +0,25% per annum – from 50 thousand UAH; +0,5% - from 250 thousand UAH; +1,0% - for the amount of 1 M UAH.

possible interest capitalization

withdrawing a part of the deposit is forbidden

if the deposit is prematurely returned after the termination of  the ensuing full year, interests are repaid in full amount

child can freely use the funds starting from the age of 18

In order to formalize the deposit in the child’s name, parents should address any outlet of PJSC “CREDIT AGRICOLE BANK” with their passports and identification code as well as with the birth certificate and identification code of the child.

If the deposit is opened in favor of the child by other relatives, acquaintances and so on, they should submit only their passports and identification code. 

As for the issues concerning deposits or additional information, please, visit an outlet of PJSC “CREDIT AGRICOLE BANK” or call to the Contact center: 0 800 30 5555 (free of charge in Ukraine).