Edu Save

An education-specific savings account opened in the name of the beneficiary and designed to support education through primary, secondary school and university years.

Product features

Opening & Operating balance of XAF 5.000

Interest at normal interest rate calculated daily on account closing balance and paid annually

Allows network transactions from any of our 13 branches nationwide

Benefits

Very low minimum opening balance

Convenient way to save small amounts for the child’s education

Competitive interest rate

Eligibility

    Secondary School Students

    High School Students

    University Students

    Students in Tertiary Institutions

    Parents with minors who wish to save for their children’s        future/education

Documents

a) Minors

 Valid Identification of Parents/Guardian:

  National Identity Cards

  International Passport

  Child’s birth certificate

  4 passport size photographs each of Child and Parents

  Address Verification

   Receipt/evidence of utility bill e.g. water, electricity, etc

    Alternative of utility bill can be a localization plan

    Initial deposit of at least XAF 5.000

b) Students

    Valid Identification of Student:

     National Identity Cards

     International Passport

     School ID card to prove he/she is a student

    4 passport size photographs

    Initial deposit of at least XAF 5.000