JUNIORSAVE
With POSB you are never too young to start saving. Parents can open Junior Save accounts for their children from birth up to the age of 16years.
Requirements
- Initial deposit.
- Child’s original and clear copy of ID (National ID, Driver’s License or valid passport).
- Parent/ guardian’s original and clear copy of ID (National ID, Driver’s License or valid passport).
- Parent/ guardian’s current proof of residence (Latest Utility Bills, Letter from Employer, Headmaster, Chiefs or District District).
Benefits
- Tax-free interest at competitive rates.
- No monthly service fees.
- No withdrawal fees.
- Account holders can be issued with a ZimSwitch-enabled debit card for ease of transacting.
- Encourages saving culture as clients will only be able to make their first withdrawal after 3 months and are allowed a maximum of 4 withdrawals per year.
