Features |
Meaning to the our customers |
Benefits to the our customers |
| 1. Access to a range of other banking services |
Can have access to other superior products from the company |
No restrictions on the products you can access |
| 2. Less cumbersome account opening procedure |
You do not need so many documents to open the account. |
Account opening is made easy and stress free |
| 3. Interest is calculated daily and paid monthly |
You do not have to wait till year end to see how much interest you have earned |
Your money will earn interest giving you more money at the end of the month |
| 4. Access to passbook |
Keep track of your money easily |
You can monitor your savings keeping track of savings and interest payments |
| 5. Standing orders are available |
Convenient way of making the child’s bill payments |
You don’t have to stress yourself in paying school fees obligations |
| 6. Access to credit facilities |
You can access credit facilities to pay child’s school fees and other child’s educational obligations |
You still honour child’s educational and other commitments when you do not have money yourself |
| 7. Limited withdrawals once a month |
You still earn interest after your single monthly withdrawals |
We encourage you to save |
| 8. No minimum operating balance required |
Your account earns higher interest than the normal savings account |
You earn interest on any amount you save |
| 9. Ownership |
Ownership can be transferred to the child at aged 18 or 21 |
A good start for the child to start own savings for life |
| |
| Other useful information |
Requirements for Application |
| Minimum opening balance |
GH¢20 |
Customers would complete the savings application form & signature card, and provide the following
Individuals
- Any valid ID(Passport, VID, NHIS Card, Drivers License) of parent.
- 1 passport size picture each of parent and child
- Initial deposit of GH¢20 minimum
- Child's birth certificate
|
| Minimum operating balance |
Not Required |
| Minimum balance for interest |
Any amount |
| Interest rate |
12% p.a. |
| Interest paid |
monthly |
| Statement |
Upon Request |
USD
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About ESLC