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Early Savers Account

Opening a bank account for your child is a high point for both the parent and the child. Early Savers teaches your child about saving and gets you thinking about your child’s financial future. Early Savers is a be-spoke savings account for children below 9 years of age. This includes unborn children, in which case the parents are noted as primary account holders with responsibility for jointly running such accounts until their children become adults and can solely operate their own accounts.

Children also receive rewards every month when money is deposited into this account and when they reach specific milestones in the life of the account.

The Early Savers account encourages financial inclusion and financial literacy as children grow into responsible adults

  • Minimum opening balance of N5, 000
  • Minimum operating balance of N1,000
  • Competitive Interest rates
  • Lodgment of dividend warrants from any investment in child’s name is allowed
  • Lodgment of cheques in the child’s name is allowed Allows direct debit instruction for payment of the child’s school fees once a quarter

  • Opportunity to attend exclusive Early Savers parties
  • Exclusive membership of Early Savers Club

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