Financial Literacy

Educating your child about money and how to manage it for their financial future is a job many parents want to undertake, but are uncertain of where to begin.
Teaching your child about money from an early age will set the right foundation o develop their money management skills. The skills learnt from now will be taken with them all through childhood and into their adulthood.
Studies have shown that children, who are introduced to financial literacy at an early age, make smarter saving, spending and investing decisions when they become financially independent adults. Therefore, financial management education is in essence, a lifelong process.

You can start with opening an Early Savers Account

Early Savers Account is a savings account for children below the age of 16 years including unborn children. The account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running this account until their child attains adulthood and can solely operate their own accounts or possibly move to other age appropriate product.



The features and benefits of the Early Savers Account include:

Benefits

  • Free exclusive membership of your child in the Early Savers Club.

  • Exposure of your child to practical financial management skills.

  • Access to the Early Savers website and Virtual Banking App

Features

  • Minimum opening balance of N1,000.00

  • No monthly maintenance charge.

  • The account is opened by the parent and held in trust for your child until the child becomes of age.

  • Competitive interest rate.

  • Lodgment of dividend warrants/cheques in the child’s name.

  • Direct debit instructions for the payment of the child’s school fees (no charges).

  • Placement of a Standing Order mandate on your account for easy and consistent saving

You can download the Early Savers Account opening form from our resource centre by clicking here.

Financial literacy lessons to teach your children

#1 Practice is a virtue

#2 Count! Count! Count!

#3 "No" should be “no”

#4 Open a Savings Account

#5 Daily/Weekly Budget Targets

CLUB MEMBERSHIP FORM

The lessons will be taught in fun and interactive ways that would ensure active participation from the students. Once the below form has been download, fill it and mail the form to the email specified below