What is the blocked savings account?

The blocked savings account is a savings account that is frozen until the holder turns 18, enabling you to easily build up capital for youngsters entering adult life.

The account may be opened by a legal representative or a third party (grandparents, aunt, uncle, neighbour, etc.).

The person who opens the account is called the “depositor”.

Blocked savings account

The savings account that is blocked until the age of 18.