In its quest to provide holistic financial solutions across every facet of the customer’s life, Capital Bank has introduced the ‘Young Achiever Account’ to instill savings culture in the Ghanaian youth.
The trust account is aimed at providing the best financial security for children from birth to age 17.
The minimum deposit to allow one enjoy this initiative is GHC10 and an operating balance of GHS100. The account also comes with interest tiered at 2%, above Capital Bank’s Savings Account rate.
To enhance the value associated with the Young Achiever Account, Capital Bank has partnered MBM Associates and REVO Education to give free ‘ilearn’ tablets to clients who deposit GHS5,000 or more.
The ilearn tablets are configured with 42 text books approved by the Ghana Education Service, Past questions and Answers from Junior High School to Senior High School and more.
Parents will also receive up to 10% discounts on books purchased at any Sytris Bookshop and up to 15% discounts on football and swimming programs at Lizzy Sports Complex.
Speaking at the lunch, the Managing Director of the bank, Fitzgerald Odonkor said he believes that the initiative will go a long way to help decrease Ghana’s unbanked population which is hovering around 70%.
He added that parents must ensure that the culture of saving is embedded in their wards to ensure children don’t become a burden when they becomes adults.
“The journey towards financial liberation is linked to strategic planning and discipline, therefore parents must have a strategic plan for their children’s future and most importantly the discipline to invest since there will always be competing demands for our finances.”
Erica Adubufour, Kweku Temeng Adu-Asare, and Stephanie Nhyrira Enchill who were the first Young Achiever clients of the bank were rewarded at the event.
Source: Osei Owusu Amankwaah