I&M Bank Uganda - Future Children’s Account

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.

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.

Access to loans for the child’s school fees.

Competitive interest rates.

Competitive interest rates.

There are no monthly service fees.

There are no monthly service fees.

Future Children’s Account

Requirements: 1 passport-size photo, Valid ID (National ID for Ugandans, Passport with work permits or residence permit for foreigners.), Account Opening Balance UGX50,000 / $100.

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