Banks offer unique interest rates, withdrawal conditions and gifts to draw parents to their services................................
Banks in Nigeria are competing to outdo each other in winning not just adult but children customers.
A KidsFirst account is opened in the child’s name and operated by the parent and guardian with a zero account opening balance. The account holders can also select from five exciting card design options that suit their trendy style.Access Bank’s children package called Early Saver account is for children below the age of 16. This online account also covers the unborn and can be monitored from anywhere.
There is a free quarterly Early Saver newsletter and ease of saving through standing order instruction. It also includes invitations to exclusive Access Early Savers events.ADVERTISEMENT Other features include the invitation to the annual Zenith Children’s parade and participation in the children’s day scholarship raffle draw.Polaris Rainbow Savings account is an account designed for children between the range of 0-12 years with parents and guardians as the trustees of the account until the child is 18 years of age.
The account also has access to consistent savings with standing instruction from the benefactor account and access to e-channel platforms.Wema Bank has its variant children account package called Royal Kiddies. This account is designed for children between zero and 12 years of age.
Periodic lodgements can be made into the account through standing orders and automated direct debits.
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