Teens Digest Recommends 10 Banks for Teenagers’ Saving

The Teens Digest, a web portal for young minds, has examined some banks in Nigeria that are safe and suitable for kids and especially teenagers in saving their cash.
The banks are listed below with their weblinks:

Access Bank’s Early Savers Account
Early Savers Account is a savings account for children below the age of 16 years including unborn children. The account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running this account until their child attains adulthood and can solely operate their own accounts or possibly move to other age appropriate product.
https://www.accessbankplc.com/personal-banking/early-savers-account/about-early-savers.aspx

Ecobank’s Junior Saver Account
Helping parents to realise the dreams for their children. The bank specifically designed the Junior Savers Account for children from 0-12 years old, called Ecobank Junior Savers. By making the children part of the banking process, they can help them be well-informed and financially smart from a young age.
https://ecobank.com/personal-banking/everyday-banking/savings-accounts/junior-saver

FCMB’s KIDS (0-15 YRS)
It’s never too early to start saving! The Kids Account is the perfect account for children between 0-15 years, to encourage savings and effective money management. Kids account is a savings account designed for kids between ages 0 to 15. The Kids account encourages healthy savings habits at an early age and money management. The account is a naira denominated account.
https://www.fcmb.com/kids

First Bank’s KidsFirst
It’s never too early to start planning for your kid’s future. Put the children on their way to financial independence with the KidsFirst savings account. This account is designed for children between the ages of 0-12 to show them how exciting saving can be. With this account, the children also get to enjoy fun activities such as cool treasure hunts, cinema events and much more all year round, courtesy of FirstBank.
https://www.firstbanknigeria.com/personal-banking/savings-accounts/kids-first/

GTB’s Smart Kids Save (SKS)
Start your children on the road to financial success. The Smart Kids Save account is designed to enable parents/guardians save for their children under 18 years of age, whilst also developing a savings culture in them. Teaching children the value of savings early can help them develop SMART financial habits for life.
https://www.gtbank.com/personal-banking/accounts/savings-investment-accounts/smart-kids-save-sks

Heritage Bank’s Bud Savings Account
A Savings Account for Children & Youth. The Bud Savings Scheme opens a new world of benefits to equip the children and make them enjoy their journey to a financially independent future. Select the Category that suits you and start enjoying these exciting benefits.
https://www.hbng.com/bud/

Jaiz Kids Account
(Mudarabah)
Opening an account for your child is an exciting moment. Jaiz Bank believes that learning the concept of saving early would help children develop financial responsibility later in life. This is why the bank introduced the Jaiz Kids Account. This account can be opened in trust for a child by the parent/guardian who will be the primary account holder with the responsibility of running it until the child attains adulthood. The account is operated based on the principle of Mudaraba (Partnership). It allows customers earn profit on their deposits.
https://jaizbankplc.com/jaiz-product-and-services/private-banking/jaiz-kids-account-mudarabah/

Sterling Bank’s I Can Save
Open a savings account for your kids to prepare them for the future and help cultivate the habit of savings from an early age. The I Can Save account will set them on a path to financial success way before their peers.
https://sterling.ng/personal/open-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. 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.
https://www.ubagroup.com/nigeria/personal-banking/accounts/savings-accounts/kids-savings-account/

Zenith Children’s Account (ZECA)
The Zenith Bank Children’s Account is a unique savings account designed to allow parents save for their children’s future and teach them about savings from a tender age. The account is modeled in two tiers for young children and teens with an overarching objective of making savings fun for them and teaching them financial discipline.
https://www.zenithbank.com/zeca/

By Teens Digest

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