OREANDA-NEWS. September 23, 2008. Make use of Ukio bankas savings deposit providing the possibility of saving money for your children’s needs, reported the press-centre of Ukio bankas.

Ukio bankas savings deposit is a savings product that offers accumulating funds already from the first days of your baby’s life and using them when the child needs. Having placed the deposit in the nearest Ukio bankas subdivision the parents may replenish it any time and when the child reaches the specified age the Bank undertakes to repay all the accumulated funds plus interest.

Ukio bankas accepts savings deposits in the litas, euros, US dollars and pounds sterling. The minimal initial amount for the savings deposit is LTL 200. The minimal replenish amount – LTL 50, and the shortest period of the deposit is 4 months. Funds may be deposited to the deposit account in cash or transferred from other accounts.

It’s enough to invest modest amounts to make the funds accumulated in the long run together with interest a significant support to the child when he grows up. Parents having placed the savings deposit are offered to choose the savings option most acceptable to them. One of them is to transfer the so-called “child’s money”, i.e. the funds allocated by the state for the child’s raising, to the savings deposit account on a monthly basis. Another convenient option is to allocate part of funds from maternity or paternity benefits.

Ukio bankas always offers favourable interest on the savings deposit that is calculated on the increased deposit amount and is added at the end of each month. In addition, considering market changes, the interest is reviewed once 24 months. Upon deposit agreement termination the interest is paid for the full year.

More information about savings deposits is available in any Ukio bankas unit, on the website www.ub.lt or by phone 8 800 10 007.