Early Savers Account

ABOUT

Early Savers Account is a savings account for children below the age of 16 years including unborn children. The account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running this account until their child attains adulthood and can solely operate their own accounts or possibly move to other age appropriate product.


FEATURES

• Opening balance of N1,000
• Zero minimum operating balance
• Allow deposits of dividend warrants up to N10,000
• Allows direct debit instruction

BENEFITS

• Access to School Fees Advance (for parents)
• Interest rate of 1.15% p.a. (subject to 4 withdrawal per month)
• Access to Early Savers Teen Debit Card.
• Ease of saving through standing order instructions.
• Account is online and can be monitored in real time.

ACCOUNT OPENING REQUIREMENTS:

• Documentary evidence of address*
• 1 passport photograph each for parent/guardian and child /ward
• Parents’ valid means of identification
• Birth Certificate or international passport of the beneficiary(child)
• Parents BVN (to be filled in the space provided on the account opening form)