A Deposit for the future! PROFITABLE!? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
Expensive higher education, high housing prices, and not too high salaries of Ukrainians, forced many of us to think about the future of their heirs in advance...Whether to open the child a Deposit for the future?Expensive higher education, high housing prices, and not too high salaries of Ukrainians, forced many of us to think about the future of their heirs in advanceDespite the fact that the banking sector is experiencing tough times, children's deposits continue to be one of the ways to ensure the future of their child.We start from the cradleThe main difference between children's contributions from the "adult" is that the money parents earn, and the Deposit is opened in the name of the minor child. "The accumulated funds can be used not only to pay tuition in the University, but also for major purchases, investments in the business, as well as other needs of the child," says Anna Tkachenko, Vice President of business Personal Finance Diamantbank.To make a "piggy Bank" caring relatives and guardians can even on a newborn. Until the moment when the heir of the "banging" of 14 years.To open a " children of the Deposit, except for their own passport and identification code the depositor will have to provide the birth certificate of the child. Also, bankers will require in advance to register in the tax office ID number for the baby. If the child is not native, you will also need a document about adoption or the testimony of the guardian.Of course, mom or dad can open an account and in his name, saving money for the future son or daughter. "However, this contribution is much more temptation to withdraw money before term and to use them for "direct" purpose," warns author deals with Irina, head of the press service of Sberbank.Impregnable contributionThe second important difference and advantage is a much longer period of children's contributions. "If regular deposits are a maximum of two years, the children's contribution is issued for a period from one year to 18 years", вЂ“ told "15 minutes" Roman Ishchuk, head of segments for retail clients Ukrgasbank. During this time, the score accumulates and is increased by the percentage amount that the child gets to adulthood."Money from the Deposit young the depositor can withdraw without loss of interest upon reaching the age of maturity is 18 years old," explained Rostislav Malkovich, financial analyst of the company Prostobank Consulting. However, some banks allow you to withdraw part of the amount of contribution at the age of 16. But the child will need written permission from a parent.Before son or daughter to be fulfilled sixteen, to dispose of the money on such a Deposit can parents. But under one important condition вЂ“ to remove money from the account only with the consent of the state of the guardianship and of the Bank itself. Thus, it is more likely that the money will be spent on the needs of the child and not for current expenses of the family.Rates and percentagesHave children's contributions and disadvantages. "Interest rates on 0,5-1,5% lower than a conventional fixed term Deposit," says Rostislav Malkovich. вЂ“ In addition, the rate may be revised, for example, once a year. Therefore, this type of contribution, rather, is used by banks as a marketing ploy to attract new customers, and not as a mass product.".