YOUNG SAVERS ACCOUNT
Is a children’s personal account requiring a monthly minimum balance of Kenya Shillings 10,000. No cheque books or ATM Cards are issued and there are no ledger fees or account maintenance charges. If withdrawals are limited to 6 per calendar year, 50% additional interest is payable. In case of no withdrawals in a year, additional bonus interest of 1% per annum is payable. No transaction charges of any kind are levied.
OTHER FEATURES:
| Young Savers Account |
| Minimum Balance |
Kshs 5,000 |
| Ledger Fees / Account maintenance Charge |
Nil |
| Cheque Book |
No Cheque books issued |
| Interest Structure |
|
| If minimum balance is not maintained |
No interest will paid |
| If minimum balance is maintained |
Normal savings interest payable quarterly on monthly minimum balance. |
| Between 1-6 withdrawals within one calendar year |
50% additional interest payable at the end of the calendar year on average yearly balances |
| If no withdrawals within one calendar year |
Additional bonus interest of 1% p.a. payable at the end of the calendar year on average yearly balances |
| Additional Benefits |
Announced periodically |
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Click to Download Terms and Conditions
