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Giving your children or grandchildren a financial head start is a good idea—a foundation from which they can flourish. When you open a Kids & Teens Term Deposit, the funds help to finance much-needed buildings in local communities, so they can flourish too.
When it comes to when and how your child or grandchild receives the money, we’ve got two options for you. For the first, they have access to the money when they turn 18. They can then choose to keep investing, withdraw, or a bit of both—but it’s up to them. In the second, you have control until your child or grandchild turns 18. At that point it becomes a joint account, which means that you are still involved in the decision from then onwards.
How does it work? The funds raised by Kids and Teens Term Deposits are used to finance loans made to Christian charities and churches so that they can build the infrastructure they need to thrive. Their interest payments, in turn, create returns for your term deposits.
