Exception – emancipation. In accordance with Article 26 of the Civil Code of the Russian Federation, after completing the procedure, minors can independently manage their finances and there are no restrictions on transactions with deposits for this category of citizens.
A minor may close the deposit early with the consent of a legal representative or guardianship authority. To do this, you must contact the bank with a passport and a completed permit. In case of early closure, interest may be recalculated at the nominal rate in accordance with the terms of the agreement.
Basic conditions for deposits and savings accounts for children
Usually children's deposits are opened for the purpose of accumulating and preserving money, so the rates on them are lower than the average market rates. Deposits are insured - in case of bankruptcy of belarus mobile database the bank and a number of other unforeseen circumstances, the minor can count on the payments stipulated by the agreement.
Basic conditions at the time of preparation of the material:
average interest rate – 4% per annum;
minimum amount – 1 ruble;
the term of the agreement is up to 2160 days, some deposits can be extended;
capitalization may be present;
Partial withdrawal of funds may be permitted.
However, much more often, capitalization of interest on children's deposits is not provided for, and in the case of partial withdrawal of funds or early closure of the deposit, they are recalculated at the nominal rate. The latter can be as little as 0.1% per annum.
An alternative solution for obtaining the highest income may be to open a deposit by an adult in relation to a third party - a child. The latter becomes the beneficiary and can apply for money upon reaching the age of 18. The average rate for such offers is higher and amounts to 6% per annum. In this case, debit transactions are not allowed except in cases of demand. During the registration process, it is sufficient to indicate the details of the third party in whose interests the deposit is opened.
Profitable deposits in Bank Sinara
Sinara Bank offers favorable conditions fordeposits. Among our products are deposits that can be issued in the interests of third parties. You will find high rates, products with interest capitalization, the possibility of partial withdrawal and deposit of funds throughout the entire term of the agreement. We have presented a wide and flexible line of deposits so that you can choose the best deposit conditions in any situation.