This product is specially aimed at making higher school financing easy for the parents or guardian. It enables customers to save towards the education of their children and wards-whose school fees are sessional/terminal.
- Mandatory initial minimum deposit of at least N3,000.00. It can also be used as collateral for loan.
- Competitive interest rate (of 1% above traditional savings account) on per annum applicable monthly on available amount.
- Account to be operated at least 3 years before withdrawal can be made.
- Account balance not to fall below N30,000.00.
- Parents to operate the account until the child attains the age of 18.
- It could be used as collateral for Loans.
- SMS alert.
Documentation Requirement:
2 recent passport photographs of the parent/the guide, 2 recent passports of the minor, acopy of Birth Certificate of the minor, Utility Bill within the last 3 months (Uttility Bills,House Rent receipts), acceptable ID card (National ID, Voters Card, TIN card, International Passport, Driver’s License, Can be identified by a valid ID card holder (attached Photocopy-verifies the ID card holder), Confirmed Registered Union ID card etc.)