Rising Star Deposit

OTP Bank Albania created the Rising Star deposit for children and demonstrated that it cares for its youngest customers. The Rising Star deposit is a savings account opened by parents to ensure a better future for their children. Parents pay regular monthly amounts to the savings account and the minimum deposit is not set. This product is valuable for parents of the young population who want to save for the future of their children.

Benefits

This deposit is offered in ALL and Euro
Interest 1.76% in ALL and Euribor 12M + 0.5%, min 0.15%.
Minimum amount: 5,000 ALL / 50 EUR.
Maximum amount: There is no limit to the maximum amount for product opening
Maturity: The maximum term of a child deposit is until its holder reaches 18 years of age
Deposits: Deposits are allowed at any time
Interest credit crediting period on the account: Once a year, at the end of the calendar year.

Documentation

For the child:

Identification document
Passport
Personal certificate of the child
Birth certificate (when the deposit is opened for a newborn).

For parents:

Identification document
Passport
Identity card
Family certificate of the last month

For the legal representative

Identification document
Passport
Identity card
Certificate from the District Court for obtaining custody of the child.

General conditions

Partial withdrawals of funds will not be allowed
For premature closures a penalty is applied for 3 years of interest
In case the amount deposited is withdrawn within 30 days before the maturity date, then the deposit will be closed and the client benefits interest for the entire full period of the deposit amount;