UBA Kiddies Account
Your kid is never too young to save. Give your kids an early start with a kiddies savings account
UBA Kiddies Account
Children between the ages of 0 – 12 years. Parents or guardians will manage the account on behalf of the child. This account is available in two variants – Full and Lite.
UBA Kiddies
It’s finally time to grow out of piggy banks. The kiddies Account allows parents to start saving for their kids as soon as they are born, and as they grow older, educate them about money and savings.
• Children between the ages of 0 – 12 years
• Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000.
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months.
• Annual interest of 4.05% (payable monthly)
• Child’s birth certificate or International Passport
• 1 Passport Photograph each of parent/guardian and child
• Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport)
• Utility Bill within 3 months from account opening date.
UBA Kiddies Lite
It’s finally time to grow out of piggy banks. The kiddies Account allows parents to start saving for their kids as soon as they are born, and as they grow older, educate them about money and savings.
• Children between the ages of 0 – 12 years
• Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000.
• A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months.
• Annual interest of 4.05% (payable monthly)
• Child’s birth certificate or International Passport
• 1 Passport Photograph each of parent/guardian and child
Account information | UBA Kiddies | UBA Kiddies Lite |
|---|---|---|
Benefits | ||
Earn 13th Month Reward : 10% of the monthly savings plan done over 12 consecutive months having maintained a Standing Instruction of minimum of N5,000 | ✔ | ✔ |
A chance to partake in the scholarship scheme through a raffle draw having maintained a Standing Instruction of minimum of N10,000 for 6 consecutive months | ✔ | ✔ |
Annual interest of 4.05% (payable monthly) | ✔ | ✔ |
Requirements | ||
Child’s birth certificate or International Passport | ✔ | ✔ |
1 Passport Photograph each of parent/guardian and child | ✔ | ✔ |
Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport) | ✔ | |
Utility Bill within 3 months from account opening date | ✔ |
FAQs
Documents required
– Child’s birth certificate or International Passport
– 1 Passport Photograph each of parent/guardian and child ID
– Parent’s valid ID (National ID/ Driver’s License/ Permanent Voters card/ International Passport)
– Utility Bill within 3 months from account opening date
-The parent/ guardian till the child comes of age
-N1,000 (accounts opened on zero balance must be funded within 48 hours)
No, however you can access the accounts via our other digital channels.
Several exciting rewards such as:
– Earn 13th Month Reward.
– A chance to partake in the scholarship scheme.
– Annual interest of 4.05% (payable monthly)
– Complimentary invites to UBA Kiddies events.
The 13th month reward is an amount paid to UBA kiddies customers at the end of each year. If they save according to their target plan and roll over their balance to the next year (not withdrawn). Kindly submit a standing instruction of a minimum of N5,000 to begin
NO, you will not qualify for the 13th month bonus if you do not have a target savings plan.
If you withdraw funds early, you will not be eligible for the 13th month bonus that year.
However, your plan will remain in effect and you can be eligible the following year if you stick to your plan. In this case, your plan will revert to Year 1, so you will be eligible for a 10% bonus that year.
Yes, you will earn competitive interest on the accumulated funds in your account even if you do not achieve your target plan –however you will no longer be eligible for the 13th month bonus.
To begin, simply maintain a Standing Instruction of minimum of N10,000 for 6 consecutive months (Without withdrawals)