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.
|$20 to $500
||6.5% p.a tax free
||7.5 % p.a tax free
|$1500.01 and above
||9.5% p.a tax free
|Initial Deposit/ Minimum Balance
|Cash withdrawal conditions/ frequency
||Once every 3 months
||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