Your child's future begins with the choices you make today. The Rising Star Deposit gives you the opportunity to gradually build a savings fund for their future, combining the flexibility of regular deposits with competitive benefits and the security of a bank deposit.
Why choose this deposit?
If you want to save for your child's education, future projects or goals, the Rising Star Deposit is a solution designed specifically for this purpose. With the option to add funds at any time and no maximum deposit limit, it helps you gradually build a strong financial foundation for the future.
What do you need to know?
- The minimum amount required to open the deposit is ALL 5,000 or EUR 50.
- Fixed annual interest rate 2.389% in ALL and 3.370% in EUR.
- There is no maximum limit on the amount you can deposit.
- You can make additional deposits at any time.
- The deposit term lasts until the beneficiary reaches the age of 18.
- Interest is credited once a year, at the end of the calendar year.
What is required?
For the child:
- Identity card or passport.
- Personal certificate.
- Birth certificate (if the deposit is opened for a newborn).
For the parent:
- Identity card or passport.
- Family certificate issued within the current month.
For the legal representative:
- Identity card or passport.
- Court decision appointing the child's legal guardian.
Deposit terms:
- The interest rate is updated annually in line with market reference rates.
- Interest is paid every 31 December.
- The deposit may be held until maturity or closed in accordance with the product terms and conditions.
- In the event of early closure, you will not receive interest for the current year and will forfeit the net interest earned during the previous two years.
*Deposits held by individual customers at OTP Bank are insured up to ALL 2,500,000 (two million five hundred thousand lek) by the Albanian Deposit Insurance Agency – http://asd.gov.al