Sberbank of Russia offers many different programs for different categories of customers. Caring parents can apply for a minor child. Thanks to this service, you can receive monthly passive income. Read more about this in the article.
Children's targeted contributions
A targeted investment is an investment for a specific purpose. You can use the money only for its intended purpose. In practice, such deposits are rarely opened and are considered beneficial only for long periods. But for children, such contributions are the most suitable.
With them, parents can periodically replenish a special account for a small amount, so by the age of 18 some savings will be accumulated. Normally, parents cannot withdraw funds. Not everyone chooses such an investment, since taking into account rates in Russia, high returns are not expected. Often, such deposits are issued as a gift for adulthood. In addition, the registration of the deposit saves from spending savings.
Preparing for opening a deposit
First you need to familiarize yourself with the offers of different banks. It is important to pay attention to the conditions and rates of banks. Only after a thorough analysis of the conditions will it be possible to choose an acceptable result.
There are special programs for children. They are attractive at high rates. The investment term is usually 5 years. For many programs there is a prolongation, which provides an opportunity to extend the deposit term and replenish the account.
What should be the contribution to the child?
It is advisable to choose a long-term contribution. Then it will turn out to issue it at a high rate. The program should include:
- Capitalization of interest.
- Unlimited replenishment.
- Possibility of early withdrawal.
- Auto Renew.
A deposit in the name of a child in Sberbank is the most profitable, since it takes into account these nuances. During its opening there is the possibility of obtaining high profits. The made deposit allows you to accumulate a decent amount by the age of the child, if you regularly make money.
Conditions
To open a deposit for a child in Sberbank, you need to make 1 thousand rubles, and the maximum is not limited. The deposit is considered replenished. This means that you can deposit funds throughout the entire period of their storage in the bank. The number of top-ups is unlimited. The right to issue this service are:
- Parents.
- Grandmothers.
- Grandfathers.
- The child himself is over 14 years old.
Some other banks may also make deposits with other close relatives. Replenishment is carried out in any department. To do this, you need to have a passport with you. Money during the storage period is under reliable protection. You can withdraw funds at the age of 18. If you need money earlier, you need to get permission from the guardianship authorities.
The minimum storage time is 3 months, and the maximum is 3 years. But there is the possibility of extension. The bank will automatically execute the function until the client contacts. The “Replenish” deposit is extended, the profit is transferred every month.
To increase income, experts do not recommend taking interest. Sberbank carries out their capitalization - profit is added to the deposit, which increases its volume. This increases your monthly income.
Service Features
The owner of the “Replenish” deposit is considered a child. Only he has the right to manage funds deposited in his name. But you can control the deposit only from the age of 18. Partial capital management rights arise from the age of 14. After receiving a passport, a citizen can replenish the deposit and withdraw interest.
Deposits for children under 18 are opened in the department. And you can replenish the account:
- In the bank.
- Using the Sberbank-Online system.
- Through the mobile app.
To deposit funds you need to know the details. Information is needed to make the transfer. Whether to open a contribution to a child depends on his parents and relatives. But if they care about the future, then a deposit should be made. In the future, you can get a good income.
Bets
The income of the target contribution for children depends on the size of the rate. This indicator is not fixed. It may vary depending on:
- Currencies
- Term.
- Deposit Amount.
The rate on the ruble deposit may be in the range of 3.75-5.12%. The percentage is not constant. If the client periodically deposits funds into the account, the rate changes. The amount of income may automatically increase until the deposit reaches the next total gradation.
Opening
A deposit is made only at a bank branch. Remotely, this service is not provided. To open a deposit in Sberbank, you need to prepare the documents:
- Passport.
- Birth certificate.
The applicant needs to visit the office, reporting the need to open an account. Employees will be offered to draw up a contract. The document includes terms of cooperation with the bank. You should familiarize yourself with it, sign it, and then deposit funds. After replenishment, the deposit is considered open. Periodically, you can transfer funds to it, which in the future will allow you to get more income.
Profitability
If a child’s deposit is opened for the first time in Sberbank, then it is probably not known what profit will be from the deposit. So that customers can pre-calculate income, you can use the online calculator. To calculate the profit you need:
- Visit the official page of the institution and select the item “Contribution to the child”.
- Then you need to choose a currency. Savings accounts are opened in rubles, dollars and euros.
- Indicate the period, date of birth of the child and the time of reaching 18 years.
- Determine the period for which the money is transferred.
- Enter the amount.
- Indicate whether interest will be charged to a child over the age of 14.
- Indicate the amount of monthly replenishment.
- Check the specified information and click on the button “Calculate”.
The system automatically calculates the yield on a child’s deposit in Sberbank. The information given is considered approximate. All profitability is determined by the number of account replenishment and actions performed with accrued interest. If the child they are removed, then the final profit is reduced.
Cards
In addition to deposits, in many banks for children issued and cards. They can be used to pay for purchases. For some programs, some bonuses are awarded.
Please note that card fees may apply. There are also additional services. Deposits are opened on bank cards.
Compensation
Due to inflation and denomination, deposits issued before the 1990s have depreciated. To restore the rights of citizens, the Government issued Decree No. 1092 of December 25, 2009. This document defines the rules for the provision of compensation.
In 2017, all citizens of the Russian Federation who had open deposits as of June 20, 1991 can receive them. Compensation is issued on the following conditions:
- If the deposit was opened on a person born through 1945 inclusive, the amount due shall be increased by 3 times.
- If the account holder was born in 1946-1991, then the amount of compensation increases by 2 times.
If compensation was received earlier, then the payment is reduced by their amount. The period of storage of funds also affects the amount of compensation. If the deposit was closed from June 20 to December 31, 1991, no compensation shall be provided.
Offers of other banks
In addition to Sberbank, deposits for children are offered in other institutions:
- Garant-Invest. When opening a deposit, the rate will be 10.5% in rubles and 2.25% in dollars. Money is credited for 365 days, and the minimum is 100 thousand rubles. You can deposit funds to the deposit. Interest is paid with capitalization.
- VTB. The deposit opens in rubles, the first payment is 1 million rubles. The term of the deposit is 730 days. You can replenish it, interest is paid every month. There is an automatic extension.
- "Russian Trade Bank". Deposits can be opened by any person, without having to confirm kinship with the child. The latter can dispose of funds from the age of 18. A deposit opens for 370 days. Interest is accrued at the end of the term to the principal amount.
- "Center-Invest". The “Grow Big” deposit opens at 8.4%. It can last a maximum of 1 year, and the amount is 50 thousand rubles.
- "Zenith". The deposit is opened on a person who is under 18 years old. These include brothers, sisters, nephews, etc. The deposit is made out in rubles, dollars, euros. The minimum is 15 thousand rubles, 500 dollars or 500 euros. The duration of the deposit is 730 days. It can be regularly replenished, automatic prolongation works.
- Uralsib. Everyone can open the “Decent Home for Children” deposit at the Russian Agricultural Bank, as well as participate in the Uralsib Bank program to help children without parents.
Thus, many banks offer to arrange deposits for children. Program conditions are different. It is enough to familiarize yourself with the rules for opening a deposit to select the most advantageous offer.