Give your kids a head start and a promising financial future. Giving your child the right jumpstart in life could never be earlier. Inculcating in your children how to manage their money from a young age will benefit not only them as they grow but will also help them to be financially sound in their adult life.
Offer Details
Standard Trust Kiddy Save is a savings account designed for children up to 18years with no monthly fees but a hast of added benefits It gives trustees the opportunity for parents or guardians to build up funds to support their wards Ife needs in a situation of death, incapacitation and unemployment of the Trustee, the child/ward of can still acquire some Education or rode With the savings in the account.
The account is operated by the parent or guardian (Trustee). However, after the beneficiary attains the age of 18 Years, the account shall be transferred into the child's preferred Standard Trust account
Access to Life Insurance Policy to protect the savings (Optional)
o Account Withdrawal
One withdrawal every year.
Trustees can withdraw up to 20% of the total account balance every year
Account can be upgraded to Teen Account when the beneficiary is 13 years.
* Competitive and tiered interest is paid based on account balance
hostels can use savings in the account to apply for a loan to pay the school fees of the beneficiary (Terms 8. Conditions Apply)
Trustees can use savings in the account to apply for a loan to pay the school fees of the beneficiary (Terms 8 Conations Apply
Loan Repayment: Annuity payment Method (Same amount is paid monthly)
Age of Vehicle: The vehicle must not be older than five (5) years
Tenure: 60 months or less
Security: Charge over vehicle to be purchased
Personal Guarantee of applicant
Provident. Fund if any
Vehicle shall be registered and insured in the joint names of Standard Trust and dent
Debt Burden: Not more than 45% of income
Pricing: GRR + Agreed Risk Presume
Arrangement and Processing fees. 3%