RCB First

Designed specifically for minors, RCB First allows you to save for the future needs of your children.

  • Available in EUR, GBP and USD
  • Attractive interest rates
  • Monthly interest capitalization
  • The flexibility to add to the account any amount, any time, enjoying the same preferential rate
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Plan for the future of your children!

The minimum amount required to be deposited upon opening is 1.000 EUR/USD/GBP.

After opening, you can deposit any amount, any time up to the maximum amount allowed, which is 250.000 EUR/USD/GBP. Interest is paid into the account on a monthly basis.

Funds can be withdrawn only when the minor becomes eighteen (18) years old. If necessary, you may be able to withdraw funds before majority age by obtaining a court order.

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Deposit Guarantee and Resolution of Credit and Other Institutions Scheme

RCB Bank Ltd participates in the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme, established under the Law on the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme of 2016 and the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme Regulations of 2016.

The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme covers deposits denominated in all currencies.

The maximum level of compensation, per depositor and per bank, is 100.000 EUR or equivalent. This limit applies to the aggregate of a depositor’s deposits with the same bank. For the purposes of calculating the compensation payable to each depositor, the amounts of each depositor’s existing deposits will be set off against any loans or other credit facilities granted by the Bank to the depositor, as well as any other counterclaim of the Bank in respect of which a right to set off exists.