The great future of a kid is very important and a wish of every parents! Achieve your dream by opening “Kid Growth Savings Account” with KB PRASAC Bank today in order to let your beloved kid has enough fund to support their higher education, set up a business or be a professional employee in the future.
Interest Rate
| KHR | #colspan# | USD | #colspan# |
|---|---|---|---|
| Amount | Interest Rate | Amount | Interest Rate |
| ≤ 4 Million | 4.50% | ≤ 1,000 | 4.50% |
| > 4 Million – 20 Million | 5.00% | > 1,000 – 5,000 | 5.00% |
| > 20 Million | 5.50% | > 5,000 | 5.50% |
Product Features
| Features | Descriptions |
|---|---|
| Eligible Customer | Kid is less than 16 years old; parents and guardian deposit for their kids for the future usage |
| Initial Deposit | Not required |
| Minimum Balance | KHR 400,000 or USD 100 |
| Tenor | From 2 years to 18 years |
| Account Opening | #list# – All KB PRASAC branch offices – It is a Joint Account between kid and parents or guardian – Account name is the name of kid |
| Deposit or Tranfer to Account | #list# – Via KB PRASAC Cash Deposit Machines 24/7 – Transfer fund to account via KB PRASAC Mobile or ATM – At any KB PRASAC office during business hours |
| Withdrawal | #list# – At any KB PRASAC office during business hours – Unless the account tenor is one year or above |
| Closing Account | #list# – At any KB PRASAC office during business hours – Close account before one year: Offer interest rate of Savings Account – Close account after one year: Offer interest rate of Savings Account for the latest year with the tenor is less than one year |
| Withholding Tax | #list# – Resident 6% – Non-resident 14% |
| Account Information Card | Free of charge |
| Kid Growth Savings Passbook | #list# – Free of charge for the first issuance or full printing – KHR 12,000 or USD 3 for new request when lose or damage |
| Additional Offers | #list# – Request for account statement: Free of charge – Bank confirmation: KHR 40,000 or USD 10 per sheet – View balance of this account via KB PRASAC Mobile – ATM card is not offered |
Required Documents (for kid and joint account holder)
- Birth Certificate or
- Family Book or
- Residential Book or
- Identification Card or
- Passport or
- Photo of Kid (if any)
Note:
- KB PRASAC reserves rights to change interest rate and fee with prior notice to the client as required by law.
- Other terms and conditions apply.
