Love comes with responsibilities. Cambodia Asia Bank understands how concerned the parents are about their children’s future. A Child Future Deposit account is a recurring deposit thoughtfully designed to help you build a fund to support your child's education or other unpredictable significant expenses in the future. Our special offer will reward you with the highest interest rate and many competitive benefits for you and your children.

Your child's financial future security starts with an intelligent choice of saving.

Account Eligibility

• Individual or Joint Account (Residents only)

Limitation

• Minimum monthly deposit amount: KHR 40,000 or USD 10.
• Maximum monthly deposit amount: KHR 2,000,000 or USD 500.
• Minimum Deposit Term: 5 Years
• Maximum Deposit Term: On Child’s 16th Birthday.

Benefits

• Receive cash rewards up to USD 1,000 at the maturity payout
• Qualified to apply for a loan up to 150% of the total current deposit for tuition fee payment and medical treatment purposes with zero additional rate charges
• Chance to win in quarterly lucky draw
• Waive fee charge for inward remittance
• Waive cable fee for maximum of 2 outward remittances per month

Interest Rate

Amount		Interest Rate (p.a.)
KHR	USD
40,000	10	8.8% p.a.
200,000	50	9.3% p.a.
400,000 600,000	100 150	9.8% p.a.
800,000 1,000,000 2,000,000	200 250 500	10.3% p.a.

Terms and Conditions for Child Future Deposit Account

1.Child Future Deposit Product Feature

• Child Future Deposit is a recurring deposit
• Minimum monthly deposit amount: KHR 40,000 or USD 10 per account.
• Maximum monthly deposit amount: KHR 2,000,000 or USD 500 per account.
• Minimum Deposit Term: 5 Years
• Maximum Deposit Term: on child’s 16 birthday.
• One source account is required to open one Child Future Deposit account.

2. Account Eligibility

• Individual or Joint Accounts (Residents only)

3. Requirements

3.1 For locals

Be at least 18 years old. Original and valid National ID or Passport. Birth Certificate or Family Book, attached with child’s photo. Complete account opening form.

• Be at least 18 years old.
• Original and valid National ID or Passport.
• Birth Certificate or Family Book, attached with child’s photo.
• Complete account opening form.

3.2 For Foreigners

• Be at least 18 years old.
• Original and valid Passport (with a valid visa) and any document that proves your residential status (e.g., lease contract, employment contract etc.).
• Birth certificate or family book, attached with child’s photo.
• Complete account opening form.

4. Account Ownership

• Child Future Deposit Account will be opened under child’s name.
• Parent(s) or Guardian(s)/Custodian’s age shall be at least 18 years old.
• The child shall be at least 1 year old and under 11 years old.

5. Access to Funds

• Account can be viewed via alternative banking channels enabled by the bank.
• No passbook, ATM card, cheque book will be offered for this account.
• No partial withdrawal is allowed.

6. Interest Payment Method

• The interest will be liquidated upon maturity.
• The interest will be accrued daily.
• The account holder will shoulder 6% withholding tax.

7. Benefits

7.1 Cash reward table

Period	Cash Reward
5 years	USD 200
> 5 years to 10 years	USD 500
> 10 years	USD 1,000

• This cash reward applies only to maturity payouts.
• This cash reward will be offered to customers with a monthly deposit of USD 200/KHR 800,000, USD 250/KHR 1,000,000 and USD 500/KHR 2,000.000.

7.2 Qualified to apply for a loan up to 150% of the total current deposit for tuition fee payment and medical treatment purposes with zero additional rate charges.

7.3 Loan Scheme

• From 1 year deposit term, customers are eligible to take loan amount of 100% of the total deposit amount.
• From 2 years deposit term, customers are eligible to take loan amount of 120% of the total deposit amount.
• From 3 years deposit term, customers are eligible to take loan amount of 130% of the total deposit amount.
• From 4 years of deposit term, customers are eligible to take loan amount of 140% of the total deposit amount.
• From 5 years of deposit term, customers are eligible to take loan amount of 150% of the total deposit amount.

7.4 Quarterly Prize

• All active Child Future Deposit Accounts will be eligible for quarterly lucky draw.

7.5 Waive cable fee charge for inward remittance.

7.6 Waive cable fee for maximum of 2 outward remittances per month.

8. Pre-termination

8.1 Pre-termination is allowed.

8.2 For the pre-termination charge, the interest accrued will be recalculated using the pre-termination interest rate as follows:

• In case of termination during the period of less than one year, the interest rate will be based on the normal savings rate.
• In case of termination during the period between 1 and 2 years, the interest rate will be 6.8% p.a.
• In case of termination during the period over 2 years period, the interest rate will be based on the interest rate table.

8.3 In case one deposit schedule is missed, the account will be pre-terminated automatically.

9. The customer agrees to be bound by the terms and conditions of opening Child Future Deposit account as stipulated in the General Terms and Conditions governing the opening and operation of the account.

10. Cambodia Asia Bank reserves the right to change the terms and conditions contained herein and shall notify the Depositor/s of such changes. The new terms and conditions shall then be binding to the Depositor/s.