Save for the children’s future!

Child’s deposit is money kept on the bank account opened on the behalf of an under-age child until he/she turns 18. Such an account may be opened by parents, adoptive parents or foster-parents.

The main conditions of the Child’s deposit:
• This deposit may be placed in litas, euros or in US dollars;
• The deposit maturity - until a child turn 18. The shortest period - 1 year (i.e. such deposit may no be placed for a person who is older than 17);
• A minimum initial deposited amount - LTL 200, EUR 100 or USD 100;
• The Child’s deposit may be supplemented at any time by any amount - this could be done not only by parents, adoptive parents or foster-parents but also any adult who knows the depositor’s name, surname and deposit account number precisely;
• Deposit interest is added to the deposit amount annually and paid together with the deposit at the end of maturity;
• The deposit is not paid in portions before its expiry;
• A deposit could be placed in all the outlets of Šiaulių bankas (a deposit agreement could not be concluded using the SB linija)
• An one-year time deposit interest plus 0.3 per cent of additional interest is paid for this deposit.

Each year on June 1st the bank will establish a new interest rate, which shall exceed the interest rate applied to one-year time deposit at that time.

In case the deposit agreement is terminated before its expiry, an interest rate valid at the bank on the agreement termination date is applied and paid for the Child’s deposit: