The Junior Savings Account is a specially designed savings product that helps children and teenagers develop strong money habits from an early age. It provides a safe and structured way for parents and guardians to save on behalf of their children while teaching the value of saving, planning, and financial responsibility.
What are the Requirements For Opening a Junior savings Account at Matibabu?
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- The parent/guardian must be a member of the SACCO
- Provide a copy of the child’s birth certificate
- Account opening fee of KShs 500
- Minimum monthly savings is KShs 1,000
- Minimum interest earning balance is KShs 10,000
- Mode of payment is through Checkoff, paybill or Bank standing order
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