Children’s Term Deposit

Set some funds aside for the future of your child and increase them with the children’s term deposit in national or foreign currency.

  • Higher interest than the interest on current and savings accounts depending on the currency, term and amount of deposit.
  • Deposit holder is an underage/minor person aged up to 18 years.
  • Depositor is an adult person opening the deposit, without any kinship requirements.

Characteristics

Term

You can choose your preferred term:

1 week, 2 weeks, 1 month, 3 months, 6 months, 12 months or 24 months

The deposit term is automatically renewed on the maturity date.

Minimum amount for opening

BGN 50, EUR/USD/GBP 100 or CHF 150

You can open a one-month term deposit with zero balance for a period of 30 days.

Interest

The interest rate can be higher than the interest rate on current and savings accounts depending on the currency, term and amount of deposit.
The interest shall be payable on maturity date or upon deposit closing.

Deposit transactions

Any person other than the depositor can deposit amounts in the deposit. Disposal of funds on account can be made by the legal representatives with authorization by the district court.

Term deposit transactions can be executed by any branch of UniCredit Bulbank.

Fees and commissions

Upon withdrawal of cash at cashier on the deposit maturity date, no cash service commission shall be charged.

Tariff

Interest bulletin

Account Opening

Documents required for deposit opening

  • Birth certificate of the child
  • Depositor’s identity document
  • Request for opening of children’s account
  • Standard contract for Children’s term deposit

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