Welcome to Kogi Savings & Loans Ltd. At KSL, we empower our people

 
CHILD MINOR ACCOUNT
 

Child Minor Account

A savings account for children. It encourages the little ones to save and is an ideal way to start saving for your child’s future.  As well as receiving a competitive interest rate, your child gets a free welcome kit plus a personal cheque book.

How to Apply: Come to any one of our branch locations to meet one of our relationship officers.

SUMMARY OF CHILD ACCOUNT
FEATURES
  • Account only available to persons under 16 years old.
  • Opening account balance of N5,000.00
  • Interest rate above standard savings rate
  • Waiver on charges for bank draft for payment of school fees
  • Account can be used as collateral for loan (Borrowing Account) in the short term
  • Access to school fees loan facility for parents (up to balance3 of account)
  • Cheque and document warrant lodgment
  • Standard order payment
  • Converts to regular current account once child turns 16, or undergraduates from university (on application)
BENEFITS
  • It encourages savings early in life
  • KSL branded welcome packs
  • Free personalised cheque books
  • You can open an account for your child, niece, nephew or grandchild
APPLICATION If you're interested in opening an account, contact us today - we'll be happy to help.

 

 
  Start a beneficial and rewarding relationship with Kogi Savings and Loans today. Visit our branches for further enquiries