With this thoughtfully created account, parents can meet financial constraints such as rising costs of education and other basic necessities through a savings plan that helps them invest wisely at very competitive rates of interest.
Features
Main Target Client | Minors |
Type | Kid's Savings |
Currencies | UGX, USD |
Opening Balance | UGX 50,000 |
Minimum Balance | UGX 25,000 |
Below Minimum Balance Charges | NIL |
Ledger Fee | NIL |
Debit Card Iss | NA |
Free Statements | Quarterly |
EFT Inward | NIL |
RTGS Inward | NIL |
Salary Processing | NA |
Cheque Book | No Cheque Book. Only Withdrawal across the counter |
Cash Deposit |
UGX - NIL |
Cash Withdrawal | NIL |
Special Features | NIL Charges for payment of school fees through EFT, Banker's Cheque & other remittances |
ATM Withdrawal | 12.50% Bonus on Interest earned in a year with condition of No withdrawals made in a calendar year |