It’s never too early to plan for the future of our children! RCB Bank extends its range of long term savings products and launches RCB First, a savings account designed specifically for minors, under the age of 18.
This 12 month notice account is offered in EUR, USD and GBP. The minimum amount required to be deposited upon opening is 1.000 EUR/USD/GBP. After opening, any amount can be added at any time up to the maximum amount allowed, which is 250.000 EUR/USD/GBP. The product provides for interest capitalization with interest paid into the account on a monthly basis.
Head of Branch Network Kyriacos Michaelides said that the decision to launch RCB First is driven by the Bank’s strategy to expand in the local market and build long lasting relations with clients.
“RCB First reflects a culture of building long lasting relations with domestic clients and promotes the value of saving for the young generation”, Mr. Michaelides said.