“Child Savings” Account
| Our Offer | The benefits for you | Account Opening |
The Child Savings Account – the right present for your children, grandchildren and relatives:
- You can open it in BGN, EUR or USD;
- There is no minimum required amount for account opening
- Interest rate - 4% annually for all currencies;
- Bonus – the interest rate increases by 0.20% for each consecutive calendar year;
- There is no account opening charge and no maintenance fee;
- You can withdraw and deposit amounts with no limitation.
And more:
- The account holder must be under the age of 18;
- The account opener must be a major, not necessarily a relative of the account holder;
- Subsequently any person other than the accountholder may deposit amounts in the account;
- interest is paid once a year – on December 31st or upon the savings account closure;
- Cash withdrawals from the deposit account can be made:
- when the account holder is a minor (under the age of 14) – by his/her legal guardians with the permission of the district court;
- when the account holder is underage (between the age of 14 and 18) – by the accountholder provided one of his/her parents has given written approval and the district court has sanctioned it;
- by the account holder when he/she has either reached the age of 18 or is 16 and is married.
Contact Centre
bank (2265)accessible via mobile and fixed telephones
0800 11 011
only for subscribers for VIVACOM fixed services (free of charge)
+359 700 19 599
accessible outside Bulgaria
Guarantee of bank deposits
Bulgarian Deposit Insurance Fund: Questions and Answers about Deposit Insurance / 2012
