GENERAL

Open a child deposit and with additional deposit investments increase your child's saving habit and create a more secure and happy future for your child.

For the small saver you will be issued a designed children's savings book and a gift from HALKI.

• Minimum amount of depositing: 1.000 MKD / 20 EUR
• Method of calculation of the interest: proportional method (28-31/365-6)
• Payment of the interest: on the maturity day
• Type of interest rate: fixed
• Tenor: up to 60 months
• Redepositing: when the deposit is due, it is automatically redeposited if the Depositor is a minor.
  If, during the validity of the deposit, the minor has fulfilled the requirement to obtain adulthood, after the date of maturity of the deposit, it will not be automatically redeposited, but the funds from the deposit (principal) and the interest will be transferred to his denomination/foreign exchange payment account.
  The disposal of the funds of the adult payment account is by the account holder (without the right to disposal by the legal representative), if the account holder possesses the necessary business ability.
• Partial withdrawal: is not allowed before the maturity day. In case of partial payment, the contract is terminated in full and no interest is paid.
• Additional investment: can be made on the deposit: at the bank counters, with a standing order and through the electronic banking of the parent/legal representative.
• Early termination: On early termination of the deposit, the Bank calculates interest with interest rate on demand according to the valid Decision for passive interest rates of the Bank which is 0% at this moment.

CONDITIONS

Required documents for opening a time deposit for children are:

• Identification document (ID or passport) for parent/legal representative 
• a birth certificate of the child

Child Savings Agreements opens with two parents/legal representatives where one parent/legal representative will open the deposit and sign the Deposit Agreement, and the other parent/legal representative will sign a Statement  where is agreeing to the terms and content of the Child Savings Agreement.

When opening the Child Savings Agreement if it is signed by only one parent/legal representative, the parent/legal representative may open the Agreement without the right to dispose of the Deposit, make additional payments and early terminate the Agreement, until the second parent/legal representative signs the Statement. In this case, the child will be entitled to disposal of the funds by fulfilling the requirement to acquire adulthood.

If there is a divorced/deceased parent and the legal right to be granted to 1 parent/legal representative, appropriate documentation will be attached allowing only one parent/legal representative to have the Deposit of the Child independently. By signing the Agreement by one parent/legal representative and the Statement from the other parent/legal representative, it is possible that the two parents/legal representatives will have the possibility independently to dispose with the funds of the deposit, make additional payments and early termination of the Deposit Agreement.

The disposal of the funds of a minor from the deposit is through the exchange payment account of the minor to whom the legal representative is entitled to make available under the same agreement governing the operation of the payment account.

For additional information, please contact us at the e-mail address: deposits@halkbank.mk

RATES

ANNUAL INTEREST RATES FROM 27.12.2023

Link to calculator