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My Children

My ChildrenFrom the moment they take their first step, all the way through their adult life, every single moment you share with your children is unique. At HSBC, we wish for you to live to the fullest and treasure these valuable moments.
 
With that in mind, we designed My Children, our new program, in order to help you with creating a capital for your children.

Through My Children program, you have now the opportunity to create a substantial capital for your children, destined to cover funding for their studies, career plans, housing plans, car purchase, anything your children may need or desire in the future.

All you need to know on My Children program by HSBC:

To whom it is addressed

My Children is a program destined for the parents, grand-parents, uncle, aunt, and to all of you wishing to invest in children's future.

Key Benefits

By combining benefits from regular savings through both a Savings Account with the highest interest rate, 2,70% (E.C.B. + 1,70%) and Eυ Zην insurance - investment program ('Eυ Zην'), My Children is a great opportunity for you to create a capital to foster your children's future.

My Children program by HSBC also offers:

The only thing you have to do is to make a monthly deposit of between €120 and €500. This sum will be equally divided (50% - 50%) and deposited in both a most preferential Savings Account and Eυ Zην insurance - investment program, thus making the utmost of regular savings benefits.

  • Savings Account with the highest interest rate, 2,70%*
  • Eυ Zην ** Insurance - investment program with the following benefits:
    • Tax exemption for 50% of your annual deposits in My Children program.
    • Protection of both your investment and premium contributions for the remaining duration of Eυ Zην insurance contract in case you are disabled in an accident.
    • Security of study funding (€60.000) in case of a fatal accident or permanent damage resulting in total incapacity for the Contracting party.

* Floating European Central Bank interest rate (E.C.B.) + spread 1,70% for the whole term that the account will remain open. E.C.B. interest rate on 11/03/2009: 1,50%. Interest subject to taxation.

** Eυ Zην program invests in Internal Funds, invest in HSBC (HELLAS) AEDAK Mutual Funds. Investment in Internal Funds have no guaranteed return.

Example

Monthly deposit of €120.
After a 10-year term you will have deposited a total of €14.400. 

  • 50% of the total monthly deposits will be deposited for a 10-year term in My Children Savings Account with an interest rate of 2,70% (E.C.B. + 1,70%) 
  • 50% of the total monthly deposits will be invested for a 10-year term in Eυ Zην insurance - investment program. 
  • Indicative annual return for
    Eυ Zην: 6,00% 
  • Indicative total tax exemption within a 10-year term for Eυ Zην program and 30% tax rate: €2.160

Indicative total capital available at the end of the 10-year term: €17.185

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