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JUNIORSAVE ACCOUNT
This is a savings account designed with our younger customers under the age of 16 years. It is designed to encourage children to start saving at an early age.
Benefits to Customers
- Very competitive interest rates
- No monthly service fees
- No cash withdrawal charges
- Tax free interest
The following terms and conditions apply.
| Amount |
Interest Rate |
| $20 to $500 |
6.5% p.a tax free |
| $500.01-$1500 |
7.5 % p.a tax free |
| $1500.01 and above |
9.5% p.a tax free |
| Initial Deposit/ Minimum Balance |
$20 |
| Service Fees |
Nil |
| Cash withdrawal |
Nil |
| Cash withdrawal conditions/ frequency |
Once every 3 months |
| Interest |
Calculated daily and credited into account at the end of the month. |
Account opening requirements
Parents Proof of residence
Parents ID and photocopy of same
Child's Birth Certificate/valid passport
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