How to open a contribution for the child

With the introduction of the Deposit insurance system Deposit savings in banks is more secure than in the period of formation of market economy. So today gradually reviving the tradition to open a savings account in the name of the child to adulthood he had a certain capital to start independent living. Open a savings account for the child using a children's trust deposits or regular savings programs.

You will need

• - passport;
• - birth certificate of the child.

Instruction

1. First consult the offers of different banks for the storage of cash. Use any of the Internet resources, which compiles information on banking services, for example, www.banki.ru. You will be able to review the terms and conditions of each Bank of your city or use the service "Search for contributions", settings: amount, maximum retention time, currency, etc.
2. Some banks open the target children's deposits for a long period, usually up to 5 years, but in some cases it can be up to 18 years. Interest rates on such deposits vary depending on date. If your city keeping "children" of contributions made by multiple banks, choose the one whose conditions suggest the possibility of additional placing of money on Deposit during the whole period of its validity, as well as the automatic extension of the Deposit.
3. However, you can open a ordinary long-term Deposit, issued in the name of their child. But keep in mind a few requirements that must be met by the storage conditions of money to contribution was most beneficial for you:
   regular capitalization of interest, that is, attributing them to the base Deposit amount;
   - the possibility of replenishment of the Deposit an unlimited number of times and in any amount;
   - automatic prolongation for the next period;
   - possibility of early withdrawal without losing of accrued interest.
4. Selecting the best type of Deposit, contact the Bank with your passport and birth certificate of the child. Sign the agreement and make contribution to the account of the first installment. Do not forget to periodically replenish the account to the date of termination of the contract it was a decent amount.
5. Keep in mind that to withdraw money from the Deposit account in the name of the child, until the age of 14 have the right parents (adoptive parents, guardians, Trustees) with the written consent of bodies of guardianship and guardianship. At the age of 14 to 18 years, a minor can make transactions on the Deposit, but with the written permission of parents and the guardianship and guardianship body, and with 18 years - independently and without restrictions.
6. Filling out a Deposit, follow the changes of the interest rate policy of the Bank for deposits. At the expiration of the period of validity examine the current Bank storage conditions of money, select the best and make a new Deposit contract.