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Kid Growth Savings Account

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 PRASAC 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. Please click here to request for account opening now.

Interest Rate

KHR USD
Amount Interest Rate Amount Interest Rate
≤ 4 Million 4.50% ≤ 1,000 4.50%
> 4 Million – 20 Million 5.00% > 1,000 – 5,000 5.00%
> 20 Million 5.50% > 5,000 5.50%

Interest rate per annum

Product Features

Features Descriptions
Eligible Customer Kid is less than 16 years old; parents and guardian deposit for their kids for the future usage
Initial Deposit KHR 400,000 or USD 100
Minimum Balance KHR 2,000,000 or USD 500
Tenor From 2 years to 18 years
Account Opening
  • All 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
  • Via PRASAC Cash Deposit Machines 24/7
  • Transfer fund to account via Mobile Banking or Internet Banking or ATM
  • At any PRASAC office during business hours
Withdrawal
  • At any PRASAC office during business hours
  • Unless the account tenor is one year or above
Closing Account
  • At any 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 lastest year with the tenor is less than one year
Withholding Tax
  • Resident 6%
  • Non-resident 14%
Account Information Card Free of charge
Kid Growth Savings Passbook
  • 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
  • Request for account statement: Free of charge
  • Bank confirmation: KHR 40,000 or USD 10 per sheet
  • View balance of this account via PRASAC Mobile Banking or Internet Banking
  • 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:

  • Interest rate and fee above are subject to change.
  • Other terms and conditions apply.

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Head Office

Building № 212, Street 271, Tuol Tumpung 2, Chamkarmon, Phnom Penh, Cambodia

023/086 999 911 | P.O. Box: 2412

info@prasac.com.kh

© 2023 - All rights reserved
Incorporation Registration № 00001157 | Private Company

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The figure in this website is for indication purpose and subject to change. For any inquiry, please contact our nearest branch or call center 023 999 911 or 086 999 911.

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