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Rapid EduGrow Account
A product that helps parents and guardians to grow their savings for the education and other expenses of their children or wards below the age of 18 years. This account is opened by a parent or guardian in trust for their child or ward.
Product Information
Features & Benefits:
Requirements for Account Opening:
Features & Benefits:
- Competitive interest rate of 8% per annum
- Opportunity to save towards child’s education and/or future needs.
- Regular deposits required (daily, weekly, fortnightly, or monthly)
- Limited withdrawals (once in 4 months).
- Consistent saving may qualify you for a loan facility.
- Instant SMS alert on deposit
- No account maintenance charges.
Requirements for Account Opening:
- 2 passport-size photographs each of the child and parent/guardian
- Valid national ID card (Ghana card) of parent/guardian
- NHIS card of the child
- Proof of child’s date of birth
- Proof of residential address (recent utility bill, tenancy agreement etc.)
- Digital address of parent/guardian
- Minimum initial deposit of GH¢20