This account gives customers the opportunity to accumulate some savings for their children education, or customers who want to set aside funds for their children education.

Customers are assured of adequate financial package for the child’s future education.

Features

1. The client opens the account and agrees to deposit a certain sum of money at a certain frequency without withdrawal until the maturity of the account
2. The client withdraws the money to finance the education of the named beneficiary
3. No bank charges and account maintenance fee

Benefits

1. The account attracts a higher interest than the normal savings account.
2. If the accumulated deposit cannot fully cater for the total school fees, the bank offers a credit to the client at a considerate interest rate.
3. No additional collateral required for loans apart from the account balance.