"Gift for those who came of age" deposit

Special term deposit in USD/EURO, opened by the parents for their child under following conditions:

• Deposit term – till the child comes of age (18), but not less than 2 years.
• Minimum deposit to open – USD/EURO 100, with the right of replenishment.
• Interest rate- fixed.
• Interest accrual is made on daily base with annual enrolment of the accrued interests at principal deposit amount.
• Payment of the accrued interests is made when closing the deposit account.
• In case of pre-term recession from an agreement by the depositor after two years of keeping his money on the Bank’s account the Bank repays principal amount and 50 percent of the accrued interests.
• In case of pre-term recession from an agreement by the depositor before two years of keeping his money on the Bank’s account the Bank repays only principal amount.