Kids saving deposits in Erste bank exceeded 500,000 EUR - more than 1,000 saving accounts in six months

Kids savings in Stock Company Erste Bank have reached the amount of 560,000 EUR and there are currently 1,119 kids saving accounts in that bank. Erste Bank introduced the kids savings in its offer, which is intended for juveniles, until they turn 18, in June 2007.

The kids saving deposits can be both dinar and foreign currency saving deposits, as well as time deposits. Kids saving deposits can be in euros, dollars and francs.

Special characteristic of this type of savings lies in the fact that all interest rates are higher than for the saving deposits for adults. In addition to interest, the premium is also paid. It is calculated on the basis of the interest, depending on the period of time deposit, and ranges between 7.5 and 10.5%. Effective interest rate (with calculated premium) for dinar time saving deposits ranges between 12.36 and 16.58%, while the EIR for the deposits in euros ranges between 5.11 and 6.63%.

Minimum amount of the first installment is 2,000 RSD, that is, 25 EUR, USD or CHF.