Bambino children’s savings

As we understand that parents would like to save money on time, in order to provide for their children’s future, we have developed “Bambino” savings.
Besides saving the money over the years, that would provide for your child’s education or buying a new car when he or she becomes of age, and for fulfilling short-term plans, this will help the child learn from the earliest age how to save money and use it wisely and responsibly, as well as how to develop a feeling of autonomy and safety. You will easily recognize the advantages that make Banca Intesa “Bambino” savings unique in our market.
- You can deposit money at any time, at any amount which is suitable for you.
- Payments in dinars are automatically converted to Euros at the most favorable rate which protects the money value
- Besides parents and legal guardians, grandparents, cousins or friends can deposit funds to a Dinar account, as well
- Funds can be deposited in cash at any Banca Intesa office, by transferring the money from any dinar account within the country; you can also activate a permanent payment order.
- Once within the period of fixed term deposit you can withdraw up to 20% of funds along with assigning the stipulated interest rate
- In case you need the money, you can withdraw the entire deposit amount at any time, with applicable interest rate for a vista savings deposit
- If you deposit the money as a birthday present or for some other occasion, you will be provided with a certificate that you can present as a birthday gift
- Foreign currency deposits are accepted in Euros only
A savings account on behalf of a child can only be opened by a parent or a legal guardian. The account has RSD and foreign currency subaccount, and the minimum initial payment into the RSD subaccount amounts to 1000 dinars; the funds are automatically converted to Euros and transferred to a fixed term foreign currency deposit. Initial payment is not necessary for the foreign currency subaccount. Only a parent or a legal guardian can deposit funds into the foreign currency subaccount, whereas others deposit money into the RSD subaccount, and the funds are automatically converted to Euros at the most favorable exchange rate.
*Regular monthly payment not obligatory
Type of deposit | Foreign currency fixed term deposit for “Bambino” savings |
Type of currency used by a client to place the deposit | EUR |
Indexing criteria | No indexing criteria |
Funds accepted by the Bank as deposit | No deposit limit Each payment matures on the expiry date of initial fixed term deposit |
Period for which the Bank accepts deposits | 6 months | 12 months | 24 months | 36 months | 48 months | 60 months |
Interest rate (on annual level, fixed) | 0,55% | 1,25% | 1,55% | 1,80% | 1,85% | 1,85% |
EIR (on annual level) | 0,47% | 1,06% | 1,32% | 1,53% | 1,57% | 1,57% |
Costs to be borne by the user are known at the moment of publication and are included in the calculation of effective interest rate |
Tax liability - 15,00% |
Costs to be borne by the user that are not known at the moment of publication |
No additional costs |