Minor Savings Account
Nurturing financial literacy for young savers
About Minor Savings Account
Targets children under 16 years old. A parent or guardian opens the account and serves as the primary account holder/signatory, with the minor as the named beneficiary held in trust.
Features
Parents/guardians can open accounts for their children Account registered in the child's name, held in trust Parent/guardian is primary signatory Low minimum balance requirement No monthly maintenance charges Unlimited deposit capability SMS notifications included
Benefits
Internet banking access Mobile banking services Use of NATSAVE's branch network
Who Can Apply
Account holder (minor) must be under 16 years of age Parental/guardian involvement mandatory