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Children's Savings Plan
Today's proper planning holds the key to a better tomorrow. Rewrite your future with My future savings plans.
Your children are very important to you. However, there may be times when you are not able to fulfil their requirements. Now, with a Children's Savings Plan from HSBC, you can save for your child's future. Offering exclusive benefits catered towards your child, this savings plan is a perfect fit to your lifestyle.
Benefits
- Attractive interest rates
- No sign-up fee
- No penalty for missed instalment
- Can be purchased in multiple units
- Initial deposit of BDT10,000 with monthly deposits of BDT5,000 (1 unit)
- Any tenure up to the child being 18 years of age
Rewards
- BDT500 gift voucher/unit each year if all 12 monthly instalments are deposited on time in that year
- BDT400 gift voucher/unit each year if at least 10 monthly instalments are deposited on time in that year
Eligibility
- Parents with child/children below 18 years of age can open children's savings plan
Terms and Conditions
- Bank reserves the right to close the plan if the customer misses 3 consecutive instalments.
- If the plan is closed within one year, customers will get the deposited amount only and no interest will be paid for the plan.
- If the plan is closed after one year, customers will get the deposited amount along with the interest at the prevailing savings rate during the time of closure.
- Discontinuation fee will be charged if the plan is closed before two years.
*All of the above conditions are subject to change
*Other Conditions Apply
*Last updated in March, 2009
Need to know more
- Call now on 01199 FUTURE(388873), 01199 88HSBC(4722)
- Contact Us
