The great future of a kid is very important and a wish of every parents! Achieve your dream by opening “Kid Growth Savings Account” with KB PRASAC Bank today in order to let your beloved kid has enough fund to support their higher education, set up a business or be a professional employee in the future. 

Interest Rate

KHR#colspan#USD#colspan#
AmountInterest RateAmountInterest Rate
≤ 4 Million4.50%≤ 1,0004.50%
> 4 Million – 20 Million5.00%> 1,000 – 5,0005.00%
> 20 Million5.50%> 5,0005.50%
*Interest rate per annum

Product Features

FeaturesDescriptions
Eligible CustomerKid is less than 16 years old; parents and guardian deposit for their kids for the future usage
Initial DepositNot required
Minimum BalanceKHR 400,000 or USD 100
TenorFrom 2 years to 18 years
Account Opening#list#
– All KB PRASAC branch offices
– It is a Joint Account between kid and parents or guardian
– Account name is the name of kid
Deposit or Tranfer to Account#list#
– Via KB PRASAC Cash Deposit Machines 24/7
– Transfer fund to account via KB PRASAC Mobile or ATM
– At any KB PRASAC office during business hours
Withdrawal#list#
– At any KB PRASAC office during business hours
– Unless the account tenor is one year or above
Closing Account#list#
– At any KB PRASAC office during business hours
– Close account before one year: Offer interest rate of Savings Account
– Close account after one year: Offer interest rate of Savings Account for the latest year with the tenor is less than one year
Withholding Tax#list#
– Resident 6%
– Non-resident 14%
Account Information CardFree of charge
Kid Growth Savings Passbook#list#
– Free of charge for the first issuance or full printing
– KHR 12,000 or USD 3 for new request when lose or damage
Additional Offers#list#
– Request for account statement: Free of charge
– Bank confirmation: KHR 40,000 or USD 10 per sheet
– View balance of this account via KB PRASAC Mobile
– ATM card is not offered

Required Documents (for kid and joint account holder)

  • Birth Certificate or
  • Family Book or
  • Residential Book or
  • Identification Card or
  • Passport or
  • Photo of Kid (if any)

Note:

  • KB PRASAC reserves rights to change interest rate and fee with prior notice to the client as required by law.
  • Other terms and conditions apply.

Related Products

Term Deposit Account
Term Deposit Account
Savings Plan Account
Savings Plan Account
Flexi Growth Savings Account
Flexi Growth Savings Account