Laco Kid Account
This is a Trust account and an interest-bearing savings account for children aimed at encouraging parents to save for the children as well as to inculcate in children the habit of saving.
Features
- Initial minimum opening deposit of GHS 50
- Highly competitive applicable interest rate [ 5%pa]
- Deposit build up in the account can be driven by standing order or direct debit instructions from parent's account to the child's/ beneficiary’s LACO-kid Account
- Minimum amount transferable under a direct debit or standing order instruction
- One withdrawal per month
- Withdrawals forfeits interest
Benefits
- Encourages Parents to save for their children
- Children are also encouraged to save at an early age
- Funds in the LACO-Kid Account can be used as collateral for credit facility from the Bank including school fee loans
- Series of promotions including periodic raffles/ with chances of wining prices/ awards to travel on educational/vacation trips within Ghana.
- End of year/Anniversary attractive presents example birthdays
- Educational Club memberships for account beneficiaries.
How to get started
Its very easy to open an account with us. Just follow these simple steps.
1. Locate a branch near you
2. Fill the form
3. Make an initial deposit
4. Enjoy youur benefits
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