In HCSBK the highest amount of savings under child deposit is equal to 10 mln of KZT
3 September 2018
“Housing Construction Savings Bank of Kazakhstan” JSC (HCSBK) experiences growth of demand for child deposit. By now this option was used by 145 000 parents through opening accounts in the name of their children. A year ago 133 000 child deposits were operating in the bank.
The basic share of bank accounts falls in children at the age of 1 year to 10 years. At the moment 80 000 deposits were opened by this age group. On the second place there are HCSBK depositors 10 to 18 years old. 55 000 accounts falls within this group. This row of customer group is closed by the youngest bank clients – children at the age up to 1 year. 10 000 deposit were opened for them.
-Annually the peak of children deposit opening falls in autumn, when young Kazakhstan citizens go to school. In this period parents understanding that their children are growing up, begin to prepare financial basis for them for the future.
Monthly they lay aside small amounts to deposit in HCSBK. This does not significantly impact family budget, but gives great prospects of buying own apartment for the child. I know an example where fore-thoughtful parents have already saved up 10,3 mln KZT on account of their 6 year old child. And they keep on saving. And the bank effectively helps them therein by accruing annually the state premium and bank repayment. In aggregate this gives annual effective deposit rate equal to 13,3% per year, - explained Lyazzat Ibragimova - “Housing Construction Savings Bank of Kazakhstan” JSC Board chairperson.
Upon reaching the age of 18 all bank depositors will receive considerable bonus – they will be able to apply for housing loan at the rate from 3,5% to 5% per year.
It is possible to open a deposit for son or daughter at any time and in any convenient place, even in the maternity hospital. For this purpose you have to call bank consultant. Whereas one of the parents shall have their identity document and child birth certificate.
Up to the age of 14 deposits in the name of children are opened by parents. From the age of 14 an account is opened in HCSBK by child him/herself but upon consent of mother or father.
The basic share of bank accounts falls in children at the age of 1 year to 10 years. At the moment 80 000 deposits were opened by this age group. On the second place there are HCSBK depositors 10 to 18 years old. 55 000 accounts falls within this group. This row of customer group is closed by the youngest bank clients – children at the age up to 1 year. 10 000 deposit were opened for them.
-Annually the peak of children deposit opening falls in autumn, when young Kazakhstan citizens go to school. In this period parents understanding that their children are growing up, begin to prepare financial basis for them for the future.
Monthly they lay aside small amounts to deposit in HCSBK. This does not significantly impact family budget, but gives great prospects of buying own apartment for the child. I know an example where fore-thoughtful parents have already saved up 10,3 mln KZT on account of their 6 year old child. And they keep on saving. And the bank effectively helps them therein by accruing annually the state premium and bank repayment. In aggregate this gives annual effective deposit rate equal to 13,3% per year, - explained Lyazzat Ibragimova - “Housing Construction Savings Bank of Kazakhstan” JSC Board chairperson.
Upon reaching the age of 18 all bank depositors will receive considerable bonus – they will be able to apply for housing loan at the rate from 3,5% to 5% per year.
It is possible to open a deposit for son or daughter at any time and in any convenient place, even in the maternity hospital. For this purpose you have to call bank consultant. Whereas one of the parents shall have their identity document and child birth certificate.
Up to the age of 14 deposits in the name of children are opened by parents. From the age of 14 an account is opened in HCSBK by child him/herself but upon consent of mother or father.
