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

Opening a deposit   Free
Minimum initial contribution 15 units
Term   Until a child reaches adult age (min. 2 years)
Currency   GEL, USD, EUR
Withdrawl Terms At the end of the term
  • 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  • The benefit can only be accessed and withdrawn at the end of the term, from the current account of the adult depositor.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.

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).

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

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

See our branches list.
 

Interest Rates

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Interest rate in GEL

Annual interest rate Effective interest rate
10.80% 10.27%

Interest rate in USD

Annual interest rate Effective interest rate
3.55% 3.49%

Interest rate in EUR

Annual interest rate Effective interest rate
2.90% 2.86%

Other Deposits

Savings Deposit

Savings Deposit

Unlimited deposit and withdrawal options available.

Universal Deposit

Universal Deposit

Monthly withdrawals without losing interest benefits.

Increasing Deposit

Increasing Deposit

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

Deposit Insurance

Deposit Insurance

Ability to securely store and accumulate funds.

Child Deposit

Child Deposit

To easily save money until the child reaches adulthood.

Flex Deposit

Flex Deposit

Flex Deposit offers the flexibility to access your funds early while providing a competitive interest rate.

Certificate of Deposit

Certificate of Deposit

Opportunity to invest free money and to get the high interest rate.

Term Deposit

Term Deposit

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

Terawallet

Terawallet

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

Got more questions?

info@terabank.ge Send us a message
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