Access Bank Group | Access Bank Plc:: Personal Banking - Savings Account (Earlysavers Account)

Early Savers Account

It’s never too early to learn the value of saving. Early Savers is a savings account designed especially for children below the age of 18 years, including unborn children.

This account can be opened by parents (in trust) for their children, becoming the primary account holders, jointly running the account until their children become adults.

Encourage financial literacy in your child from a young age, as your nurture them into responsible adults.

Product Features

Minimum opening balance of N1,000
Zero minimum daily balance
Interest rate of 1.15% p.a.
Allow deposits of dividend warrants up to N10,000 (a/c payee only)
The account is opened by the parent and held in trust for the child, until the child becomes of age to operate the account
Allows direct debit instruction

Benefits

Opportunity to exclusively attend the Access Early Savers events.
Membership of the Early Savers Financial Literacy Club
Unrestricted Access to the Early Savers Microsite via https://earlysavers.accessbankplc.com
Free Early Savers Quarterly newsletter.
Lodgment of dividend warrants in child’s name is allowed (subject to a maximum of N10, 000).
Access to school fees advance (for parents)
Ease of saving through standing order instructions
Account is online and real time.

Requirements

Duly completed account opening form
Proof of Residence
KYC Documentation of the child and guardian
Valid proof of residence
Visitation report
AML risk assessment of the guardian
1 passport photograph each for parent/guardian and child /ward
Parent’s means of identification. Note: a valid means of Identity, with same address as quoted in the account opening package, will serve both as means of ID and address verification.
Birth certificate of the beneficiary(child)/International Passport
Parent/ Guardian’s BVN