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What is a Children Savings Account?

Our Children Savings account is specially designed to help parents, guardians, and well-wishers save for a child's future while teaching them financial literacy from an early age. It provides a secure way to build savings for education and other future needs.

Account Purpose

Secure savings for education and future expenses while building financial awareness

Ideal For

Children aged 0-17 years, with parent/guardian as account manager

Key Differentiator

Educational resources and special interest rates for young savers

Eligibility Requirements

Qualifications to open and maintain this account

1

Minimum Opening Balance

UGX 25,000 initial deposit required to activate the account

2

Minimum Monthly Balance

No minimum monthly balance requirement

3

Age Requirement

Account must be opened for a child aged 0-17 years

4

Guardian Requirements

Must have a parent or legal guardian as account manager

5

Identification Documents

Child's birth certificate and guardian's valid ID required

Interest Rate Comparison

Children Savings
UGX 25,000
Premium Savings
UGX 1,000,000

Interest Rate Advantage

Children
4.5%
Classic
3.5%
Premium
6.5%

Special rates for young savers