This is an interest-bearing deposit account for children aimed at encouraging parent to save for the children as well as to inculcate in children the habit of saving
Children from 0 to 17 years
Features and requirements
- The Child account or Trust account shares similar features and requirements with Savings account.
- The name of the child will be used for the account but its operations will be managed by the parents or guardian
- The account will transfer to the name of the child on attaining the of age18
- Account can serve as security for loan
- Attractive interest on daily deposits.