This is an account opened in trust for children under the age of 18 years by a parent or guardian as a trustee and the child gets full control over the account when he/ she turns 18.
This product gives your child a head-start in life
Less cumbersome account opening procedure
Minimum opening balance is GH¢10
Minimum operating balance is GH¢50
Minimum balance for interest is GH¢100
Very attractive interest rate (up to 7% annual)
Interest is calculated daily and paid quarterly
Up to four (4) withdrawals per year
Safe custody of your money
Building a substantial bulk deposit for the child’s future
No processing/ application fee attached to loan facility
Have the opportunity to borrow against the amount saved for the school fees after six (6) months of saving.
Help the child to develop a saving habits.
Interest on loan will be 1% below commercial rate.
Valid ID Card of parent or guardian
1 passport picture of the child and parent or guardian
Utility bill (should not be more than 3 months)
Proof of date of birth of child
Resident permit (for foreign nationals)