This is a savings account that is opened by parents for their children and will be controlled by parents/ guidance until their children turn 18 years of age and the account is transferred to the child.
Features
- Easy Saving account
- Attractive interest rate
- Controlled by the parents and to be transferred to their children when they turn 18 years of age
Benefits
- Easy to access
- Flexible repayment plans
- Occupy property while still repaying
- Competitive interest rates
- Child falls under 25yrs, he/she is open for equity
Requirements
- Duly completed Children Savings Account opening form
- A valid means of Identification (NIMC, Voters I.D, Drivers License, International Passports, etc.
- A copy of utility bill (waste disposal bill showing residential address, NEPA/PHCN bill, not more than 3 months, or recent house rent receipt showing the address of customer and landlord)
- Bank Verification number etc
- Birth Certificate of the child
- 2 passport photographs of the child and the parents
