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Junior Deposit "Start-up"

Junior Deposit is specifically designed to provide your child with start-up capital to secure the child’s financial future. An interest-earning deposit is an excellent way to start saving money to be held in the account until your child reaches adulthood.

Tenors: 1 year to 18 years
Interest capitalisation: annually
Interest withdrawals: at maturity
Additions: yes
Withdrawals (without terminating the agreement): no

Fees

Child's age	EUR	USD	GBP
up to 5 years	2,70%	2,55%	3,50%
6-11 years	2,30%	2,15%	3,10%
12-17 years	1,90%	1,75%	2,70%

Minimum amount of deposit:	10 000	10 000	5 000
Tenor - 1 year to the date on which the minor/juvenile reaches the majority age (18 years).
The rate is originally set for 1 year; thereafter, the rate will be reset on a certain date (01 June).
Interest capitalization - on the yearly basis.
Interest paid out at maturity.
An option to add / replenish funds to the accounts.
Safekeeping fee (charged for safekeeping of your funds after the expiration date of the deposit) - 1 LVL per month, provided that the amount of the deposit has not been involved in any banking transactions within 6 months after the expiration date of the deposit. The fee is not applicable if you hold a current account with the bank.

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Junior Deposit "Start-up"

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