It is a savings account designed to provide a savings facility for parents to save for their children. It is open to all kids below 18 years, for which reason the account is run by the parent or guardian on behalf of the child until they reach 18 years. The account helps cultivate a saving culture in children and helps parents plan their children’s education through saving accumulation for a long period of time.
- The account name is the child’s name, while the parent has the sole mandate to operate it.
- Non refundable registration fees of Kshs 500/=.
- The minimum operating balance is Kshs 1,000/=.
- Minimum monthly contribution is Kshs 500/= can be effected via check off, direct deposit to our account, M-pesa pay bill and standing order.
- Withdrawable during school holiday: April, August and December provided the balance is not less than Kshs 1,000/=.
-The minimum interest earning deposit is Kshs 5,000/= payable at the market rate.
-No ledger fees.
