Child Education Account
Our Products
Children going to school
Type of product: Investment / Deposit
Targets customers with children going to school
Key Features:
- Investment account that customer builds in the first year and won’t access.
- The customer will commit to deposit fixed amount monthly (minimum D150.00).
- After the first year, the customer may withdraw 33% of their annual commitment
- The customer may be entitled to up to 150% of the amount as micro-credit from Supersonicz on a termly basis.
- In the event of death or total disability, Supersonicz will pay gift in addition to the sum in the account.
- Standing instruction feature
Benefits:
- Enables parents to better plan the education of their children
- Provides access to finance for educational purpose in moments of need
- Gives investment opportunity that pays attractive profit on the account
- Secures the future of the children in terms of education
- Pays gift in the event of death or total disability that is up to twice the amount in the account
