The perfect children’s savings account to teach children and teenagers how to save. It’s designed to help parents / legal guardians teach children below eighteen years of age smart money habits and as well an opportunity for them to put away money for their children’s future.
Features
- The account attracts monthly interest of 3% per annum for balances above UGX 1 Million.
Benefits
- The account comes with zero monthly administrative charges.
- Mobile app access for parent or guardian free of charge.
- Zero charges on piggy bank coin deposits
Charges
- Initial deposit - zero
- Interest for balance above UGX 1 million - 3% per annum
- Minimum balance - N/A
- Monthly charges - free
- Monthly E-statement - free
- Piggy bank (coin collection box), after funding the account - free
- Piggy bank coin deposit by customer at branches - any working day
- School fee collection - UGX 2,000
- School fee drafts charges (any school) - UGX 5,000
Kindly refer to the latest Tariff Guide on the downloads page
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