Whiz Kid Account
It is a high interest yielding account which is open in trust for children. It is immediately transferred to them when they turn 18 years. Withdrawals are restricted to 4 times in a year.
FEATURES
- The account is opened in trust for a child
- Account mandate is transferred when the child turns 18
- Zero withdrawals on account till end of investment period
- Competitive interest rate on balance
- Minimum balance to earn an interest is GHS 100.00
- Customer’s minimum installment amount should never fall below the agreed monthly payment
- Customer’s installment could be by cash or standing order
BENEFITS
- Creates opportunity for kids to inherit an account when they turn 18 years
- Balance could be used as collateral for loan by parents/guardian
- Opportunity for parents/guardians to invest towards their kids’ education
- Customers can earn competitive returns on their investments
REQUIREMENTS:
- Fully completed and signed account opening form by parents/ guardian
- 1 passport picture of parents /guardian
- 1 passport picture of child
- Recognized I.D. Cards ie voters, NHIS, Drivers’ lincense, passport etc.
- Birth certificates of child