Children’s Deposit
Children’s deposit calculator
Give your child a bank account of their own! Click on Open account to get started.
It only takes a few minutes, and the account will be ready for them to use straight away. You can also open a deposit to save money for your child in order to cover the costs they incur as they start their independent life or other major outgoings, such as tuition fees at university, their first car, their dream holiday or a deposit on their new home.
And for our part, we’ll transfer €50 to the deposit as start-up bonus!
€50 start-up bonus
Interest rate 3,1%
Period up to 18 years
Risk-free up to €100,000 per depositor
Flexible – convenient contributions
Start today!
- Consistent, long-term saving will ensure your child a good start in life when they fly the coop. We add €50 of our own to the deposit, and the money you save grows at 3,1% per annum.
- If the deposit has been in use for at least three years, you can withdraw the amount in it during the child’s birthday month in their 7th, 10th or 15th year without cancelling the agreement.
- A parent can enter into the deposit in the Internet bank or at their nearest branch. The final opportunity is on the child’s 15th birthday.
Saving money for a child
Term | 3-18 years |
Minimum amount | 0 € |
Currency | EUR |
Interest rate (variable during the contract period) | 3,1 % |
Starting bonus | 50 € |
Contributions | Yes |
Payouts | During the birthday month of the child’s 7th, 10th or 15th year if the deposit has been in use for at least three years |
Interest payouts | Once a month to the child's deposit |
Age restriction | From birth to 15th birthday |
Automatic extension | No |
Children’s Deposit – good to know
View our deposit interest rates.
View our terms and conditions.
View our price list.
View our depositor information sheet .
Coop Pank AS