Banky team Reviewed editorial answerبنتي لسه صغيرة، والمبلغ هنحتاجه بعد حوالي عشر سنين.
Egyptian rules let a mother open accounts or place savings products for her minor children, in the children's names, using money she gives them. The account is then in the child's name, and until the age of majority (21) who manages it and who may withdraw is set by the guardianship-over-money rules and the bank's terms. From age 15, banks are allowed to open accounts that young people operate themselves without a guardian's approval, with products suited to their age. If your horizon is long, such as ten years, note that deposits usually run up to about two years and certificates for several years, so the product will likely renew more than once, and the renewal rate follows the product's terms at renewal and is not known in advance. If returns are paid out periodically, it does not build up on its own unless you place it again yourself. Ask the bank which documents it requires for a child's account, and check the key-facts statement for the auto-renewal terms, the cancellation window and any age condition.