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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
FIXED DEPOSIT RATES :
Effective March 2, 2020

(Amount GHC) 1,000.00 to 5,000.00, (91 Days) 13.0%, (182 Days) 13.5%, (1 Year) 14.0% | (Amount GHC) 5,001.00 to 10,000.00, (91 Days) 15.5%, (182 Days) 16.0%, (1 Year) 16.5% | (Amount GHC) 10,001.00 to 16,000.00, (91 Days) 15.8%, (182 Days) 16.5%, (1 Year) 17.0% | (Amount GHC) 16,001.00 to 50,000.00, (91 Days) 18.0%, (182 Days) 19.0%, (1 Year) 19.5% | (Amount GHC) 50,001.00 to 100,000.00, (91 Days) 18.5%, (182 Days) 19.5%, (1 Year) 20.5% | (Amount GHC) Above 100,000.00 - NEGOTIABLE