Kiddy Savings Account

This shall be an interest bearing account which seeks to help parents build and inculcate the habit and importance of saving into kids for the future of their children.

Features:
• Attractive interest rate payable quarterly
• GH₵30.00 opening balance
• Regular monthly deposit
• Withdrawal before the kid turns eighteen (18) attracts penalty of 3% withdrawal charge on amount to be withdrawn.
• Trustee are allowed to make withdrawals when necessary.
• Account can be upgraded to Normal Savings Account when the beneficiary is 18 years

Eligibility: Children from day one until they are 18 years.

Requirements:

• Birth certificate, identity card, weighing card or baptismal card of the child is accepted.
• One (1) current passport picture of the child
• 2 (two) current passport-size pictures of the Trustee.
• Identification of Parent or Guardian i.e. National ID Card.
• Proof of residential address (Water or Electricity bill in the name of the parent/ guardian or attach a tenancy agreement when the name on the bill is not the same name as the parent/guardian.
• An initial deposit of GHS20.00
• Minimum monthly deposit of GHS5.00 (Standing Order, preferred).
• Minimum balance to earn interest is GH¢200.00 and above.