A member can open this account for his or her child who is below 18 years of age.
This account earns interest which is paid into the account once a year. (The interest rate applied is the same as that applied to members deposits)
A member can withdraw funds from this account provided a 7days withdrawal notice is given.
Funds from this account can be used to guarantee a member’s loan.
Note: If funds are held as guarantee, the member cannot withdraw from this account unless alternative security/guarantee is provided.
Complete an application form
Provide a copy of their birth certificate
Provide one passport size photograph
Pay a minimum deposit of Kshs.2,000
Note: When a child attains the age of 18 years, the account is converted to the main membership account.