Minor Savings Account

Building Bright Futures Through Smart Savings

Who Is This Account For?

The Minor Savings Account is designed for parents, guardians, or trustees who want to begin saving early and gradually build funds to support a child’s educational journey.

Each year, one eligible account holder is selected for a full scholarship covering tuition, books, and other academic expenses through high school completion.

Note: To qualify for the scholarship draw, the account must maintain a minimum year-end balance of 38,869 XOF.

This account can be opened and managed by:

  • A parent, guardian, or trustee
  • On behalf of a child aged 8 days to 18 years

To open a Minor Savings Account, applicants are required to provide:

  • Valid identification document or passport of the trustee
  • Two passport-sized photographs of the parent or guardian
  • Completed Know Your Customer (KYC) form
  • Proof of residential address
  • Resident permit (where applicable)
  • Child’s birth certificate or clinic card
  • Competitive Interest Rates – Help your child’s savings grow steadily over time
  • Semi-Annual Interest Payments – Interest is credited in June and December
  • Free Passbook – Monitor savings activity and keep track of account growth easily
  • Unlimited Withdrawals – Access funds without withdrawal restrictions
  • Affordable Opening Deposit – Start saving with just 1,935 XOF