Overview

The CashPlus Junior Account is a savings account for children under the age of 12 which is operated by the Parent/Guardian. Regular deposits are to be made into the account by the parent/guardian among other features detailed here-under:

Features

  • Minimum balance of US$20
  • Minimum investment period of 6 months
  • 1 free withdrawal per month from the 7th month

Benefits

  • No account maintenance and cash withdrawal fees
  • Interest calculated on minimum monthly balance and paid monthly
  • Tiered interest rates (Up to 1% p.a.)

Who qualifies?

  • Children under the age of 12