Date Posted: 7/9/2013 12:26:49 AM
Posted By: meg soni Membership Level: Gold Total Points: 2477
As a parent, you are offered an opportunity to make your kids dream come true by opening an account for them in order to save for their future. Why wait? Save for them now. Opening an account has its benefits, these are;> Low opening and operating balance of 1000 shillings hence very affordable to parents who wish to put some money aside. > No charges to the account, helps you save more. There are no extra costs like ledger fees to maintain the account. > A free homebank/ piggy bank upon opening of the account. You can save an extra coin at the comfort of your home and later deposit the money in the account enabling you to save more.> Encourage saving because of restricted withdrawals. Free bank cheques for school fees payment making it easier to pay fees for your children.> If no withdrawals are made, bonus interest is given to you. This is an advantage to you because you get to earn a higher interest for not withdrawing hence more money saved. > The bank provides free financial advice to junior savers. They get to learn about saving money while young.> An annual party for junior savers which will be held over the school holiday with fun activities, for example, arts and essay competitions.
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