SASA - Children Savings Account

SASA ACCOUNT:

This is a savings account designed for children to teach them to not only save but also learn financial responsibility.

FEATURES:

Free cash transfer within our Gulf African Bank Branches

One free withdrawal per quarter

One free banker’s cheque for school fees quarterly.

Free incoming standing orders

Monthly fee of Kshs. 100 charged if withdrawal limit exceeded.

At the Age of 18yrs child is automatically migrated to the Taleb Account.

BENEFITS

Free coin bank with every account opened.

Discounted rates at selected partner outlets.

SASA account ID card for use at select discount outlets.

Annual Fun Day

Profit paid if balance is maintained above Kshs. 10,000

REQUIREMENTS FOR ACCOUNT OPENING:

Minimum opening and operating balance of Kshs. 1000

2 passport size photographs of guardian

Copy of National ID/Passport of guardian

Copy of Birth Certificate of child.

Introduction letter/Copy of latest utility bill

	Education Savings Calculator Savings Plan Inputs Years to Invest Initial Investment Expected Annual Profit Rate Scheduled Deposits Deposit Amount Deposit Frequency Select Deposit Frequency Annual Semi-Annually Quarterly Monthly Semi-Monthly Bi-Weekly Weekly Daily   Summary of Results Value After 0 Years Total Invested Profit Earned