Smart Kids Save (SKS)
The Smart Kids Save account is designed to enable parents/guardians save for their children, whilst also developing a savings culture in them. Teaching children the value of savings early can help them develop SMART financial habits for life.
Features & Benefits
- SKS (0 – 17 years)
- Zero Opening balance
- Interest Payment of 0.6%p.a
- Periodic lodgments can be made into the account through Standing Order/automated direct debits
- Copy Taxpayer Identification Number of Trustee (TIN) Certificate
- SKS can be converted into a regular savings or current account, with the young saver as an authorized signatory. This is however only after the Smart kid saver has attained the age of 18
- Free branded gift items for SKS holders with milestone points are achieved
- Interest is calculated on daily average balance & paid semi annually
Documents Required
- One passport photograph of each signatory and Smart Kid
- Valid ID for each signatory (International Passport, National Driver's license, National ID Card)
- Residence / Work permit for foreign nationals working in The Gambia
- Copy of Smart Kid's birth Certificate