Parents looking to teach their children the value of saving now have an easy way to start early with Kingdom Bank’s Junior Savings Account.
Designed for children under 18, the account allows parents and guardians to set aside funds for their children while encouraging financial literacy from a young age.
The account comes with a free Piggy Bank on opening, discounted bank cheques for school fees, and special birthday cards or gifts to celebrate the child’s milestones.
With a minimum opening and operating balance of Ksh. 500, it also earns 2% interest per annum on balances over Ksh. 5,000, giving young savers both security and rewards.
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Here is the process
Junior Savings Account Features:
Minimum Opening and Operating Balance: Ksh. 500
Free Piggy Bank provided when you open a new account
Discounted bank cheques for school fee payments
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Birthday surprises: free card or gift to celebrate the child’s birthday
Interest: 2% per annum on balances above Ksh. 5,000
Requirements to Open an Account:
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Parent’s or guardian’s original ID card or passport
Copy of the child’s birth certificate
Copy of the parent’s or guardian’s KRA PIN