FOUR NIGERIAN BANKS TO OPEN AN ACCOUNT FOR YOUR CHILD IN 2016.

      Investment and saving of course isn’t meant for just adults alone. Smart kids save too, and it is the duty of every well meaning parent to teach their kids this habit of saving. Most Nigerian banks have special accounts and offers for kids and teenagers. These packages, are in form of rewards and incentives offered to the holders of the accounts. These offers include birthday gifts, promos, financial help(loans) for education and health care, automatic qualification  and sponsorship for competitions and fairs.

        In this post, we have compiled a list of five Nigerian banks that are your best options if you ever get serious with the idea of getting an account for your kid/teen. There is also some info on the offers from each bank and requirements need to open a kiddies account in any of the banks.

1. GT BANK- SMART KIDS SAVE(SKS).

           Smart kids Save is a platform designed by guarantee Trust Bank to introduce smart kids under age 13 into the smart world of saving.

     Features

  • Free branded gift item when SKS account is opened with at least N10,00
  • Tiered interest rates (2.5%-3%). The more you save the higher younearn.
  • Gifts are given when you reach specific milestones.

    Requirements

  • Minimum of N1000.00 deposit
  • Passport photographs of signatory and smart kid
  • Valid ID card/ voters card/drivers license/international passport.
  • Utility bill receipt

2. FIRST BANK- KIDS FIRST

           Just to prove how important kids are to them, first bank has readjusted their offerings for their young customers under the kids first platform.
       Features
  • Account is opened in the child’s name but operated by the guardian.
  • Access to educational loans and scholarship
  • Minimum account opening/operating balance of N1000
  • Access to easy and convenient online banking platform.
  • Automatic transition to MeFirst when the child attains 13 years of age.
  • Trendy gift items for the child when the account is opened with a minimum of N10,000.
  • Qualification for raffle draws to win up to N300,000
  • Standard order on the paymentbof tuition and other fees.
      Requirements
3. ZENITH BANK- ZENITH CHILDREN’S ACCOUNT(ZECA).
        Zenith bank children’s account is a platform designed to allow parents save for their kids while teaching their kids to save from an early age. The account is divided into two models. For little children and for young teens. Both with the aim of teaching children financial discipline.

     Zenith Bank kids account(0-12)
Features

For children between the ages of 0-12
 • Zero Opening Balance 
 • Competitive interest rates
 • Standing order credit option
 • Invitation to the annual Zenith Children’s Parade*
 • Participation in the Children’s Day Scholarship raffle draw*
 • Cheque, draft and dividend lodgments

Zenith bank teens account(13-17)

  Features
 • For children/teens between the ages of 13-17

 • Zero Opening Balance
 • Competitive interest rates
 • Standing order credit option
 • Invitation to the annual Zenith Children’s Parade*
 • Participation in the Children’s Day Scholarship raffle draw*
 • Cheque, draft and dividend lodgments
 • Customized ZECA Teen card

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SKYE BANK-RAINBOW ACCOUNT


This special savings account is specially for kids aged 0-18 years. And it will help parents teach their kids the good habit of saving from an early age.

Features

  • Minimum openoimg and operating balance- N2,500
  • Special interest of up to 1% above normal savings rate.
  • Special welcome gifts for accounts opened with minimum of N50,000
  • Opportunity to participate in competitions and fun fairs.
  • Issuance of debit card at parent’s request.
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Ebube Emeka

Ebube Emeka is the chief writer at kongonut.com. He loves tech, he's crazy about computers and he is also a digital marketer, web developer and webpreneur. Contact: admin@kongonut.com

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