One of the steps in creating good habits is to start saving from an early age: in addition to safe keeping of funds for future needs as the children grow up, it helps them develop a responsible attitude towards money.
Children's savings account is a product intended for children up to 18 years of age. It is opened by a legal representative, parent or guardian, on behalf of the child who is the savings account holder.
The Bank accepts RSD deposits to fixed-term children's savings accounts for a period of:
EUR deposits for a period of:
At the time of concluding the agreement on children's savings account, the minimum deposit amount is RSD 1,000 or EUR 10. The number of deposits is unlimited. In addition to parents or guardians, money can be deposited by grandparents and other relatives (up to the third degree of kinship). Additional deposits can also be made by a standing order free of charge. In the event of termination of term deposit, the Bank will calculate and pay the depositor the amount of interest calculated by applying the agreed interest rate for term savings.
Term deposits have maturities of 1, 3, 6, 12, 25 or 36 months. The minimum deposit amount is RSD 10,000.00. Deposit term starts from the day of depositing the funds and ends on the last day of the agreed period, while the right to dispose of the fixed-term savings deposit together with the associated interest starts from the first day after the expiry of the deposit term. Interest is calculated at a fixed interest rate by applying the compound interest calculation method. At the end of the agreed term, the individual deposit can be withdrawn within 15 days, after which time the funds are automatically deposited for the same term and under the conditions valid on the day of redepositing.
Deposits in the amount of RSD 5,000,000.00 and higher cannot be redeposited.
DEPOSIT AMOUNT | RSD 100,000 | RSD 100,000 | RSD 100,000 |
Deposit term | 12 months | 25 months | 36 months |
Indexing criteria | No indexing criteria | ||
Nominal interest rate annually (fixed) |
1.85% | 2.10% | 2.50% |
Effective interest rate (annually) |
1.85% | 2.10% | 2.50% |
Total amount of interest (gross) | RSD 1.850,33 | RSD 4.423,75 | RSD 7.689,74 |
Costs borne by the user and included in the EIR calculation | - | ||
Tax liability (0%) | - | ||
Total to be paid (deposit + interest) |
RSD 101,850.33 | RSD 104,423.75 | RSD 107,689.74 |
EIR was calculated on 01 July 2021
DEPOSIT AMOUNT | EUR 10,000 | EUR 10,000 |
Deposit term | 12 months | 36 months |
Indexing criteria за индексирање |
No indexing criteria | |
Nominal interest rate annually (fixed) |
0.50% | 0.80% |
Effective interest rate (annually) |
0.43% | 0.68% |
Total amount of interest (gross) | EUR 50.00 | EUR 241.93 |
Costs borne by the user and included in the EIR calculation |
- | |
Tax liability (15%) | EUR 7.50 | EUR 36.29 |
Total to be paid (deposit + interest) |
EUR 10.042,50 | EUR 10.205,64 |
EIR was calculated on 01 July 2021