Child savings account
Child savings account — saving for their future
It is never too soon to start saving for your children’s future. As grandparents and parents, you know the financial challenges ahead – the cost of further education or training, or the need for a new home when the young ones become adults.
Why not open a TEB Children’s Savings Account so that you can start the process of securing their future now.
This account is specially designed for long-term growth. You can save little-by-little every month to reach a targeted amount when your child becomes adult.
You and your child will earn favorable interest on the balance.
We believe saving should be a way of life and, perhaps most importantly, are convinced that, through the discipline of saving, your child will learn valuable life lessons on financial planning.
Required documents for opening a child’s savings account:
- Valid identification document of the parent (ID, passport or driving license).
- Birth Extract of the child (not older than 6 months).
- Municipal invoice (electricity, water, waste or telephone bill) proving the address (not older than 6 months).
You can discuss our child’s savings account at your local branch or get more information either by sending us an email at firstname.lastname@example.org, or from the Call Center at 038/230-000.