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Investment of Funds

Сhild's savings account "Oxford"

The bank’s new savings programme, which allows to accumulate and secure funds for your child’s first steps in individual life, such as obtaining a university degree, purchase of a real estate or starting-up a business. The deposit can be opened anytime starting from the child’s birth until he comes of age. You can also add funds to the deposited amount to increase pay-outs at the end of term.


Amount to Deposit

Annual replenishment Child’s age
This calculator is intended for illustration purposes only and does not guarantee calculation results. Taxation rates are not included in calculations.

Conditions
  • The account currencies: EUR, USD
  • Minimal amount for interest accrual: 5000 EUR/USD
  • Minimum single instalment amount 500 EUR/USD
  • Your child is a legal owner of the deposit. Access to the deposit account is limited – the deposit amount along with accrued interest can be paid off only to your child once he/she comes of age1.
  • Interest pay-out: at maturity
Age of the child *EURUSD
till 8 years old4%4.5%
from 8 up to 13 years old3.25%4%
from 13 up to 15 years old2.5%3%
from 15 up to 17 years old1.5%2%

*Interest rates are applicable for all funds deposited on the account during period.


1 In special cases, when a necessity to access the deposited funds arises for the sake of your child’s benefit, but before the child comes of age, a decision to pay off the funds placed on Children’s Savings Account can be made only by a wardship authority as stipulated by laws and regulations of the Republic of Latvia.
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