(1) The Young Person's Acccount is a fee-free account in: maintenance of the account, transfers, remittances and other orders in euros, with debit in account, between paid customer accounts located in the SEPA zone. Includes periodic transfers, check clearing and Young Person's Contactless Mastercard Debit Card maintenance.
(2) Any physical person over 17 years of age and younger than 28 years of age can sign up for the Young Person's Account. Accrued interest per average balance: up to €600 at 0% NIR (0% AER) and for balances exceeding €600 at 0.05% NIR.
First example: average balance of €800 (the first €600 average balance accrues interest at 0% NIR and the balance in excess of €600 accrues interest at 0.05% NIR), with AER at 0.01%. Quarterly interest payments.
Second example: average balance of €1,500 (the first €600 accrue interest at 0% NIR and the balance in excess of €600 accrues interest at 0.05% NIR). AER is 0.03%. Quarterly interest payments.