Saving for the Future

Our young savers accounts are designed with higher interest rate for funds you set aside for your children.

Find out more

Compare Young Savers Accounts

Our flexible options allow you to select an account which best suit your needs. Easily find the features most important to you in our accounts comparison below.

Account type

Savings Account

Fixed Deposit

Opening account balance

US$ 100

US$ 1,000

Minimum balance

US$ 100

US$ 1,000

Interest rate

0.5% higher than the counter rate

0.25% higher than the counter rate

Interest payment

Subject to 4% withholding tax

  • Subject to 6% withholding tax
  • For premature withdrawal, the interest payment is paid on the interest rate of the Savings Account

Age of account holder

Under 18 years old

Under 18 years old

Account name

The account is in the child’s name, but the parent/guardian is the signatory.

The account is in the child’s name, but the parent/guardian is the signatory.

Deposit/withdrawal

  • Over the counter:
  • By the parent/guardian or
  • The account holder accompanied by the parent/guardian
  • Over the counter:
  • By the parent/guardian or
  • The account holder accompanied by the parent/guardian

Account conversion

  • When the child reaches 18 years, the account will automatically be converted into a normal savings account.
  • The child and parent/guardian are required to come to the branch to sign necessary documents.
  • National ID/Passport (original and valid) of the child is required.
  • When the child reaches 18 years, the account will automatically be converted into a normal savings account.
  • The child and parent/guardian are required to come to the branch to sign necessary documents.
  • National ID/Passport (original and valid) of the child is required.

Account maintenance

Free

Free

Access to banking services

  • Vattanac Mobile Banking.
  • Internet Banking.
  • ATMs
  • All branches
  • Vattanac Mobile Banking.
  • Internet Banking.
  • ATMs
  • All branches

*Note: Terms & Conditions and interest rates are subject to change at the Bank’s discretion and without prior notice.

Application requirements

Opening an account with us is simple. All  you need is to present your National ID or Passport and your child's birth certificate, and to complete the Application form. Other documents may be required in compliance with our KYC requirements.

Interested in opening a 
personal account ?

Talk to us and find the account that matches your needs