Parent Child Account
We understand how much your children mean to you. Therefore, we offer this account as a deposit agreement with a specific term and interest rate. You can despot anytime, depending on your cash flow situation.
Parent Child Account without Life Insurance
A savings account with specific tenor and interest rate. Customer can deposit at any of the Phillip Bank’s Cash Deposit Machine (CDMs) or branches during working hours.
Parent Child with Life Insurance
A savings account with specific tenor, interest rate, and an additional life insurance coverage. Customer can deposit at any of the Phillip Bank’s CDMs or branches during working hours.
Features and Benefits:
- Available in KHR and USD
- Interest is daily calculated based on the account balance
- Minimum initial deposit of USD 5 or KHR 20,000
Eligibility:
- Individuals (residents/non-residents) aged 18 and above
Tab 1 Content
• ID Card or Passport or Family Record Book
• Child’s or relative’s birth certificate / family record book / residential book
Tab 2 Content
| Activity | With Insurance / Fee | Without Insurance / Fee |
| Minimum Initial Deposit | KHR 20,000 / USD 5 | KHR 20,000 / USD 5 |
| Minimum Balance | KHR 4,800,000 / USD 1,200 | KHR 20,000 / USD 5 |
| Closing Account within 120 days | KHR 12,000 / USD 3 | KHR 12,000 / USD 3 |
Tab 3 Content
Parent Child Account without Life Insurance
| USD | KHR |
|
6.25% |
6.25% |
Note: Annual Interest Rate
Parent Child with Life Insurance
| Balance | USD | KHR |
| 0 < 1,200 USD or 4,800,000 KHR |
6.25% |
6.25% |
| ≥ 1,200 USD or 4,800,000 KHR | 3.00% | 3.00% |
Note: Annual Interest Rate
