Child Deposit

Open a children's bank account to accumulate money until the child reaches adulthood.

  • Term: Until the child comes of age (minimum 2 years)  
  • Currency: GEL, USD, EUR  
  • Minimum amount required to open a deposit: 15 units

Child Deposit

Terms

Minimum Principal Amount 15 Units
Deposit currency GEL, USD, EURO
Deposit term Until a child reaches adult age (min. 2 years)
Withdrawal terms At the end of the term

Violation of the deposit is subject to Article 186, Paragraph 11 of the Civil Code:

  • If the total amount on the deposit, including interest, does not exceed 1 000 (thousand) GEL or its equivalent in foreign currency (at the national exchange rate of that day).

  • In the case of any amount, provided the disposer presents the relevant court permission (decree).

  • Interest benefits are accrued and renewed every two years on the deposit account, in accordance with the prevailing interest rate for children's deposits at that time.

  • Interest is calculated solely on the amount in the deposit account, based on a 365-day year.

  • The children's deposit can only be accessed and withdrawn at the end of the term, from the current account of the adult depositor.

  • Required documentation: Child's birth certificate is necessary.

How to open a children’s deposit?

You can open deposits from our website!
 
 
Open the online application pageOn our website find the online application page 
 
Click on "Application for deposit"
 
Fill out the application Write all the relevant information
 
That's it :)

To open a children’s deposit, you have to visit one of Terabank’s branches.

See our branches list.
 

Interest rates

GEL USD EUR
10.80% 3.55% 2.90%

 

GEL USD EUR
10.27% 3.49% 2.86%

*Effective interest Rate is calculated for 5 000 units.

Frequently Asked Questions

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What documents are needed to open a children's deposit?

The deposit is opened in the child's name, and their birth certificate is required for documentation.

How do I withdraw interest?

At the end of the term of the children's deposit, the depositor can withdraw the money. The accumulated amount will be available in the current account of the adult depositor.

Other Deposits

Child Deposit

Child Deposit

To easily save money until the child reaches adulthood.

Flex Deposit

Flex Deposit

A particularly flexible time deposit that offers the option to withdraw funds early while earning a high interest rate.

Term Deposit

Term Deposit

You can save money in a term deposit for a predetermined period and receive high interest benefits.

Universal Deposit

Universal Deposit

Monthly withdrawals without losing interest benefits.

Terawallet

Terawallet

Deposit-based digital wallet that helps you to save funds whenever you use your card.

Certificate of Deposit

Certificate of Deposit

Opportunity to invest free money.

Deposit Insurance

Deposit Insurance

Ability to securely store and accumulate funds.

Royal Deposit

Royal Deposit

A flexible savings deposit card, offering unrestricted access to your funds.

Savings Deposit

Savings Deposit

Unlimited deposit and withdrawal options available.

Increasing Deposit

Increasing Deposit

The best way to save-up money with monthly additions and a high interest rate

Got more questions?

info@terabank.ge Send us a message
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