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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.
A Big Gift for your Little One this Valentine
- – Discounted health plan
- – Access to scholarship opportunities
- – 13th month cash reward
- – Internship opportunities at UBA
- – Complimentary invites to kiddies events
How to Win
Pick up a gift at any UBA branch when you open a Kiddies or Teens account.
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 3.75% (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 3.75% (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 3.75% (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
– Targeted savings to help plan for the future
– Bonus rewards for setting up a target plan
– Earn competitive Interest
– Online and mobile banking
– Consistent maintenance of SI above N10,000 for 6 month stand a chance to partake in the Scholarship scheme
– 13th Month Reward with a maintenance of an SI for 12 months at a minimum of N5,000 (Target-Plan). 10% of the monthly Target plan amount is paid to the customer
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 and a child who has come of age
-N1,000 (accounts opened on zero balance must be funded within 48 hours)
No, please. Debit cards are not enabled for this account type.
As often as you like, however if there are more than 4 withdrawals in a month, the account is disqualified from interest payment for that month.
Several exciting rewards such as:
– Earn 13th Month Reward.
– A chance to partake in the scholarship scheme.
– Annual interest of 3.75% (payable monthly)
– Complimentary invites to UBA Kiddies events.
The 13th month bonus is an amount paid to a UBA kiddies’ account holder at the end of each year if they maintain an SI for 12 months at a minimum of N5,000 according to their target plan and roll over their balance to the next year (without withdrawing).
No, please. Only customers with a target savings plan can qualify for the 13th month bonus.
If you withdraw funds early; you will not be eligible for the 13th month bonus that year. However, if you complete your savings plan for the new year, so you will be eligible for a 10% bonus.
Target Savings Plan provides the unique opportunity to plan your desired goal for your child over a period and get rewarded when the goal is achieved.
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.
Yes. 3.75% P.A
To begin, simply maintain a Standing Instruction of minimum of N10,000 for 6 consecutive months (Without withdrawals)
₦200, 000. This will be paid directly to the school.
A total number of 40 winners will be selected from two draws in a year.