You can ensure a bright future for your children through this deposit. It is meant for saving money for your child’s education, for the start of his or her independent life or for other goals. 

Opportunities that are associated with the Child's private fund

Advantages of a private fund:

• A good interest rate;
• A possibility for your child to withdraw the money at the age of 18;
• Deposits in LVL, USD or EUR;
• A flexible interest rate during the term of the deposit (the rate is linked to the 3-month RIGIBID or 3-month LIBOR (USD or EUR) index) with the earned percentage yield being added every quarter - 1st of January, 1st of April, 1st of July and 1st of October;
• The fund can be opened by anyone - parents, godparents, grandparents, friends and others;
• Money can be deposited into the fund by an individual or company, making the deposits in cash, through a transfer or through the ongoing payment system;
• Calculated interest is added to the fund once a year - on December 31.

You can open a private fund for your child at any of Latvijas Krājbanka Client Service Centers.

You will have to present your passport and the child's identification document for this purpose.

Latvijas Krājbanka guarantees the security of the private fund and the confidentiality of all relevant transactions.

Interest rates (annual)

Minimum deposit¹