Young Savers / Tusome  / Toto Savers Account

1. Attractive Interest Rates: Enjoy an impressive 8% interest rate on savings, allowing your child's money to grow steadily. Note that withholding tax (WHT) is chargeable on the interest earned.

 

2. Flexibility: This account offers flexibility, allowing you to tailor your savings plan to meet your child's unique needs, whether it's for education, future investments, or other financial goals.

 

3. Investment Plan: Encourage a culture of saving and investment in your child from an early age, fostering financial responsibility and long-term financial security.

 

4. School Fees Account: Easily save for your child's education by designating this account for school fees payments, ensuring that educational expenses are covered conveniently.

 

5. Piggy Banks: Spark your child's interest in saving with the inclusion of piggy banks, making it fun and interactive for them to save their pocket money.

 

6. Access to School Fees Loans: Parents or trustees can access school fees loans to ensure that educational expenses are never a hindrance to your child's learning journey. Convenient online school fees payment services are also available.

 

7. Financial Mentorship: Empower your child with financial knowledge and skills through financial mentorship provided as part of this account's offering. Help them make informed financial decisions from a young age.

 

8. One Free Withdrawal Per School Term: To teach responsible financial management, one free withdrawal per school term is allowed, instilling discipline and planning in your child's savings habits.

 

9. Annual Reward to the Best Saver: Encourage healthy competition and incentivize saving by offering an annual reward to the best saver, motivating your child to save even more.

10. Online School Fees Payment: Make school fees payments hassle-free with the convenience of online payments.