Savings
Centenary Bank
CenteJunior Savings Account
A savings account designed specifically for children under 18 years to encourage saving habits from an early age.
Features
- No minimum balance requirement
- Interest rate of 1% per annum
- Free quarterly statements
- Attractive gifts upon account opening
- Financial literacy materials
Requirements
- Birth certificate or school ID of the child
- Valid ID of parent/guardian
- Two passport photographs of the child
- Two passport photographs of the parent/guardian
Fees & Charges
- monthly FeeFree
- withdrawal FeeUGX 5,000 (limited to once per quarter)
- account ManagementFree
Interest Rate
Rate1% per annum
Higher interest rate to encourage saving habits
Why Choose This Product
- 1No monthly fees
- 2Higher interest rate than standard savings accounts
- 3Educational materials to teach financial literacy
- 4Special gifts and incentives for consistent savers
Quick Summary
Target Customer
Children under 18 years
Minimum Balance
UGX 0
Interest Rate
1% per annum
Key Fees
- monthly FeeFree
- withdrawal FeeUGX 5,000 (limited to once per quarter)
- account ManagementFree
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