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An investment account in US$, purposely designed for parents to save money for the future education of their child / children. The account life starts with the opening day until the child reaches the age of eighteen. At that time the account can be closed and withdrawn or converted into any other account with the bank. It carries a exceptionally high interest rate - 6.5% yearly for 2011. |
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Parents know that a child’s education with international standards until
High School, College or University graduation is costly.
It is part of our (the parents) responsibility to give a child the best education
possible to start their future. This is why financial planning way ahead is so
essential.
We at Canadia Bank offer an amazing investment vehicle and a safe place to build up
your today's investments for the child’s tomorrow. It is called “Canadia
Bank Junior Account” |
- Opened in the name of the child with parents account power of attorney.
- Offered in USD.
- The account can only be closed / withdrawn, when the child reaches the age of 18
- Very high interest rate (may vary from year to year, however on very competitive level)
- Interest is calculated on the outstanding balance of the day and credited to the account at the end of every year
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- Opening minimum deposit is US$1,000, maximum deposit per year US$10.000
- Birth certificate of the child
- Photo of the child (4*6) 2 pieces
- The identification card of the parent or guardian, or the family certificate
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