Sberbank - deposit for a child under 18: conditions and features

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Sberbank of Russia offers many different programs for different categories of customers. Caring parents can make a deposit for a minor child. Thanks to this service, you can receive monthly passive income. Read more about this in the article.

Children's targeted deposits

Targeted contribution is the investment of funds for a specific purpose. Money can only be used for its intended purpose. In practice, such deposits are rarely opened and are considered profitable only for long periods. But for children, such deposits are the most suitable.

With them, parents can periodically replenish a special account for a small amount, so by the age of 18 some savings will be accumulated. Parents are usually not allowed to withdraw funds. Not everyone chooses such an investment, since, taking into account rates in Russia, high returns are not expected. Often such deposits are made out as a gift for adulthood. In addition, making a deposit saves you from spending savings.

Preparing to open a deposit

First you need to familiarize yourself withoffers from different banks. It is important to pay attention to the conditions and rates of banks. Only after a thorough analysis of the conditions will it be possible to choose an acceptable result.

There are special programs for children. They are attractive high stakes. The investment period is usually 5 years. For many programs, there is an extension, which provides the opportunity to extend the term of the deposit and replenish the account.

What should be the contribution per child?

It is advisable to choose a long-term investment. Then it will be possible to issue it at a high rate. The program must include:

1. Capitalize interest.
2. Unlimited refill.
3. Possibility of early withdrawal.
4. Automatic renewal.

A deposit in the name of a child in Sberbank is the most profitable, since it takes into account these nuances. During its opening, there is a possibility of obtaining high profits. A completed deposit allows you to save a decent amount by the age of majority of the child, if you regularly deposit money.

Conditions

To open a deposit for a child in Sberbank, you need to deposit 1 thousand rubles, and the maximum is not limited. The deposit is considered replenishable. This means that you can deposit funds throughout the entire period of their storage in the bank. The number of replenishments has no limits. The following persons have the right to issue this service:

1. Parents.
2. Grandmothers.
3. Grandfathers.
4. The child himself is over 14.

In some other banks, other close relatives are also allowed to make deposits. Replenishmentcarried out in any department. To do this, you need to have a passport with you. Money during the storage period is under reliable protection. You can withdraw funds at the age of 18. If you need money earlier, you need to get permission from the guardianship authorities.

Minimum holding of funds is 3 months and maximum is 3 years. But there is a possibility of extension. The bank will automatically perform the function before the client's request. The "Replenish" deposit is extended, the profit is transferred every month.

To increase income, experts do not recommend withdrawing interest. Sberbank performs their capitalization - profit is added to the deposit, which increases its volume. This increases your monthly income.

Features of the service

The owner of the "Replenish" deposit is considered a child. Only he has the right to manage funds deposited in his name. But you can control the deposit only from the age of 18. The partial right to manage capital arises from the age of 14. After receiving a passport, a citizen can replenish the deposit and withdraw interest.

Deposits for children under 18 are opened at the branch. And you can replenish your account:

1. In the bank.
2. With the help of the Sberbank-online system.
3. Via mobile app.

To deposit funds, you need to know the details. The information is needed for the transfer. Whether to open a deposit for a child depends on his parents and relatives. But if they care about the future, then you should make a deposit. In the future, you can get a good income.

Bets

The income of the target deposit for children depends on the size of the rate. This indicator is not fixed. It may vary depending on:

1. Currencies.
2. Term.
3. Deposit amounts.

The rate on the ruble deposit can be within 3, 75-5, 12%. The percentage is not constant. If the client periodically deposits funds into the account, the rate changes. The amount of income can automatically increase until the deposit reaches the next amount gradation.

Opening

A deposit is issued only at a bank branch. This service is not available remotely. To open a deposit in Sberbank, you need to prepare documents:

1. Passport.
2. Birth certificate.

The applicant needs to visit the office, informing about the need to open an account. Employees will be asked to sign a contract. The document includes the terms of cooperation with the bank. You should familiarize yourself with it, sign it, and then deposit funds. After replenishment, the deposit is considered open. From time to time, you can transfer funds to it, which will allow you to receive more income in the future.

Yield

If a deposit for a child in Sberbank is opened for the first time, then it is probably not known what profit will be from the deposit. In order for customers to pre-calculate income, you can use an online calculator. To calculate profit you need:

1. Visit the official page of the institution and select the "Contribution for a child" item.
2. Then you have to choosecurrency. Savings accounts are opened in rubles, dollars and euros.
3. Indicate the term, date of birth of the child and the time of reaching 18 years.
4. Determine the period for which the money is transferred.
5. Enter amount.
6. Indicate whether interest will be charged to a child turning 14.
7. Designate the amount of monthly replenishment.
8. Check the specified information and click on the "Calculate" button.

The system automatically calculates the return on a deposit per child in Sberbank. The information provided is considered approximate. All profitability is determined by the number of account replenishments and actions performed with accrued interest. If they are removed by a child, then the final profit decreases.

Cards

In addition to deposits, many banks issue cards for children. They can be used to pay for purchases. Some programs offer some bonuses.

Please note that card service fees may apply. There are also additional services. Deposits are also opened on bank cards.

Compensation

Due to inflation and denomination, deposits issued before 1990 have depreciated. To restore the rights of citizens, the Government issued Decree No. 1092 of December 25, 2009. This document defines the rules for the provision of compensation.

In 2017, all citizens of the Russian Federation who had open deposits as of June 20, 1991 can receive them. Compensationare issued under the following conditions:

1. If the deposit was opened for a person born before 1945 inclusive, the due amount is increased by 3 times.
2. If the account holder was born in 1946-1991, then the amount of compensation is increased by 2 times.

If compensation was received earlier, the payment is reduced by their amount. The retention period also affects the amount of compensation. If the deposit was closed from June 20 to December 31, 1991, then compensation is not provided.

Offers from other banks

In addition to Sberbank, deposits for children are also offered in other institutions:

1. "Garant-Invest". When opening a deposit in rubles, the rate will be 10.5%, and in dollars - 2.25%. Money is credited for 365 days, and the minimum is 100 thousand rubles. You can deposit funds. Interest is paid with capitalization.
2. VTB. The deposit is opened in rubles, the first payment is 1 million rubles. The term of the deposit is 730 days. You can replenish it, interest is paid every month. Automatic renewal is in effect.
3. "Russian Trade Bank". Deposits can be opened by any person, and there is no need to confirm the relationship with the child. The latter can manage funds from the age of 18. A deposit is opened for 370 days. Interest is charged at the end of the term to the principal amount.
4. "Center-Invest". The "Grow Big" deposit opens at 8.4%. It can be valid for a maximum of 1 year, and the amount is 50 thousand rubles.
5. "Zenith". The deposit is opened for a person who is under 18 years old. They include brotherssisters, nephews, etc. The deposit is made in rubles, dollars, euros. The minimum is 15 thousand rubles, 500 dollars or 500 euros. The duration of the deposit is 730 days. It can be replenished regularly, automatic renewal is available.
6. Uralsib. Anyone can open a deposit "A worthy home for children" in the Russian Agricultural Bank, as well as participate in the program of the bank "Uralsib" to help children without parents.

Thus, many banks offer to arrange deposits for children. Program conditions vary. It is enough to familiarize yourself with the rules for opening a deposit in order to choose the most advantageous offer.