This is a special account designed for children from age 0 – 18 years to sensitize and cultivate savings culture within this age bracket and to help parents plan towards the future of their children and wards.

Product Features/Benefits

• Opening/Minimum deposit of N5, 000.00
• Cheque and dividend warrant lodgement into the account allowed
• Standing order for payment of school fees
• Normal savings interest rate applicable
• Withdrawal limited to once per month or else interest accrued is forfeited for the month
• Free customized welcome pack when the child has saved a minimum of N50, 000.00
• Free birthday gift to the child
• Savers qualify for raffle draw on balances from N750, 000.00 and above to win N1 million tuition fee
• Raffle draws will produce six winners from six locations across the country in a year
• Cash collateralized loan up to 80% of the account balance
• Account can be converted to current account with the young savers as signatory, after attaining the age of 18 years
• Easy remittance of child’s tuition fees to school abroad
• Secure referral to open an account with FBN Bank (UK) Limited, London

Required Documentation

• Means of Parent/Guardian identification
• Utility Bill of Parent/Guardian
• Birth Certificate of Minor
• Two passport size photographs of minor
• Two passport size photgraphs of Parent/Guardian

Download the Hi-Fi(Young Savers) Account Opening form and return the completed form to the nearest FirstBank branch to open your account.