Kids Savings Account is a trustee account and membership is open to any interested child from infant to 18 years of age with their parent’s consent. This includes children whose parents are NCSL members or non-members. For more information click here.
Members can deposit a minimum of K1.00 per fortnight. Regular deposits are encouraged and failure to deposit within the first 3 months will result in the account being systematically locked. Locked accounts can be activated by depositing money into the Kids Savings Account.
Will my savings attract interest?
Yes, the Society pays a fixed interest rate of 0.25% monthly on your total savings balance and also pays 3% annual interest rate with top up after finalization of audited financial statements.
Can I take a loan against my savings?
Can my parents use my savings as security to obtain loans from NCSL or other financial institutions?