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This account offers parents and guardians an opportunity to save for their childrens future. It is also aimed at educating the youth and motivating them to develop a savings culture.
Target Market:
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Young children |
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Teenagers |
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Parents and guardians |
Benefits:
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No monthly charges |
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Attractive interest rates |
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No ATM card and cheque book issued |
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Over the counter withdrawals allowed once times per every 3 months |
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The Bank pays monthly tiered interest savings accounts for savings above the minimum balance of Kshs 5,000 |
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Free statement every 6 months |
Features:
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Opening Balance of Kshs 2000 |
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Minimum operating balance to earn interest Kshs. 5,000 |
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Relatively low ledger fees of 200/= per month if balance is below Ksh. 2000/= |
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Attractive interest rates on daily account balances at 5.5% subject to market conditions |
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Free model bank (piggy bank) where the bank keeps the keys |
Required Documents
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Copy of the pin certificate for parent/gaurdian |
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1 colored passport sized photograph for both parent/gaurdian and child |
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Original ID or passport for the parent/gaurdian |
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Copy of the latest utility bill for the parent/gaurdian |
Opening an Account
Click below to:
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