If you want to insure your child’s future financially and provide financial support for them to start their teenage lives, use the Child Savings Deposit product of Rabitabank.
To open a deposit account by reading the terms, apply now and our staff will contact you!
Interest Rate: 5% AZN | 0,5% USD
Increasing the Deposit: Possible
Deposit Term: 18 years
Currency of the Deposit
Minimum Amount of Deposit
Maximum Amount of Deposit
100 000 AZN
Increasing the Deposit
Possible, minimum 100 AZN/USD, maximum 1 000 AZN/USD once a month
Minimum Term of Deposit
Maximum Term of Deposit
Until the child is 18 years old
Calculation of interests
Calculated interests shall be added to the principal amount once a year and the interest shall be calculated on the added amount too
Payment of interests
At the end of the period
Calculation of interests in case of early termination of the contract
Interests calculated for the complete year shall be paid without a penalty, and interests calculated for the incomplete year shall not be paid
Calculation of interests during partial withdrawal of the amount
Recalculation of interests refers to the part withdrawn
From July 1, 2019, the upper limit of the annual interest rate on protected deposits in national currency has been set at 10%, and in foreign currency - 2.5%.
Child savings deposit