Early Savers Account

This is a savings account that encourages parents and family members to put money aside for their children’s future. This will also inculcate in the children a culture of saving.
 

Features and Benefits

1
  • Minimum daily balance of RWF 1,000
2
  • Access account details and transactions via  Internet and Alert facilities
3
  • Allows direct debit instructions
4
  • Availability of account gift vouchers
5
  • Easy to open and operate
6
  • Opportunity to build up resources to take care of a child’s education
7
  • Debit card with accessibility to ATMs and POS
8
  • Competitive interest rate
9
  • Quarterly Compounded interest
10
  • Available in local as well as major foreign currencies
11
  • Membership in the Teta Kids’ Club
12
  • Allows standing orders

Account Opening Requirement

  • A valid means of National ID or International Passport (for foreigners)
  • Means of Address verification
  • 2 passport photograph
  • 2 references
  • Residence permit (where applicable)