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What is <18 Instant Access Savings?

<18 Instant Access Savings allows you to create an interest-earning savings account for your children which you can control. This can help them learn about saving and growing their money over time. The interest paid will depend on your plan. Both you and your child can add money to the account. Funds from a closed <18 Instant Access Savings will be returned to your main account balance.

Create a <18 Instant Access Savings

Only you as a parent can create a <18 Instant Access Savings for your child. You can do so from your personal mobile app.

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Choose 'Add new'
• Select 'Savings'
• Select '<18'
• Follow the prompts to set up your account

Add or withdraw money to/from <18 Instant Access Savings

You and your child can both add and withdraw money to or from an <18 Instant Access Savings. Money will be deposited into the main account of the person who withdraws the funds.

Add and withdraw money as a parent in the personal mobile app:

• Go to 'Home' on the bottom menu
• Below your balance, tap 'Accounts'
• Select '<18 Instant Access Savings' under your child's name
• Tap 'Add money' or 'Withdraw money'

Add and withdraw money as a child in the <18 mobile app:

• Go to 'Save' on the bottom menu
• Tap 'Add money' or 'Withdraw money'

Account limits

You can add up to EUR 5,400 to the <18 Instant Access Savings each year. Additionally, the account can hold a maximum balance of EUR 4,200 at any given time. If these limits are reached, we'll let you know and you won't be able to deposit additional funds until the balance falls below the limit.

How is the money in my <18 Instant Access Savings protected?

Eligible deposits are insured by the Lithuanian Deposit Insurance Scheme but some exceptions may apply. To learn more, go to our Deposit Insurance Information document.