Minor Account GIVE YOUR CHILD FINANCIAL INDEPENDENCE BY AGE 18
This is a personal savings account for children under the custody of an adult.
If you wish to plan for your child’s future needs, sign up for our Minor Savings Account.
Interest Payable
- 0.05 % Per Annum (payable in June and December)
Minimum Opening Balance
- D172.50
Minimum Operating Balance
- D300.00
Account Opening Fee
- GMD172.50
Savings Frequency
- Daily / weekly / monthly plan for the duration of the tenor
Withdrawal Frequency
- Unlimited
COT Charges
- No COT Charged on the account
Product Benefits
- Fast opening process
- Low entry and operating requirements
- Unlimited Savings and withdrawals
- Account can be converted into a major account when the child is 18 years old.
- Caters for the child’s future
- Access to E-Services
- Account pays an interactive interest rate