Future Children’s Account

An account that allows for parents/guardians to save money for minors...

Future Children’s Account

Saving is a great financial attribute that all of us need to inculcate in our little ones as well as ourselves. This minors’ account allows for parents/ guardians to save money for (and on behalf of) minors.

Product Features

Minimum Account Opening Balance
UGX50,000 / $100
Account Minimum Balance
UGX50,000 / $100
Interest Payable
Up to 2% p.a. (UGX) / Up to 1.5% p.a. (USD)
Over the Counter Cash Withdrawals Fee
UGX5,000 / $2
Below Account Minimum Balance Fee
UGX15,000 / $5

Benefits

If the child is actively involved, they get to learn a vital yet rare life attribute rather early.

Access to loans for the child’s school fees.

Competitive interest rates.

There are no monthly service fees.

A savings account specifically for children designed to inculcate the savings habit & ensure they don’t face financial challenges in future. Open one for your child online today.

For information on interest rates, click here