Smart Kids Save
- An opportunity to win fantastic prizes at the annual raffle draw
- Cheques and dividend warrant lodgement
- Automatically become a member of the SKS Fun Club
Apply today
Smart Kids Save
The Smart Kids Save account is designed to enable parents/guardians save for their children aged between 0 – 17 years, whilst also developing a savings culture in them.
Teaching children the value of savings early can help them develop SMART financial habits for life.
The Guaranty Trust Bank Smart Kids Save (SKS) account is available in two categories:
SKS (0 – 17 years)
SKS Teen (13 – 17 years)*
Click here to open an SKS account.
Access to the Smart Kids Save website (www.gtbank.com/sks) where the Smart Kid has access to:
- Exciting games
- Educational support for homework and study
- Other fun activities
- Additional benefits to only SKS Teen
*The SKS Teen account is an additional account opened when the Smart Kid is/becomes 13 years and older.
Click here to participate in the SKS Survey
Features & Benefits
- Competitive tiered interest rates (the more you save, the more you earn)
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Amount
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Interest Rates
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Below N1 000 000
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2.50% per annum
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N1 000 000 to below N5 000 000
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2.75% per annum
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N5 000 000 and above
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3.00% per annum
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Allows lodgments of cheques, drafts and dividends into the account, subject to a maximum of N100,000 per instrument
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Periodic lodgments can be made into the account through Standing Order/automated direct debits.
- Complimentary invite to SKS Fun events
- Gift items provided when milestone points are achieved.
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SKS can be converted into a regular savings or current account, with the young saver as an authorized signatory. This is however only after the Smart kid saver has attained the age of 18
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From the age of 13, an SKS Teen account will be opened for the teenager which comes with a free Trendy Teen MasterCard (issued upon Parent’s request) so the child can learn to manage money responsibly.
Documents Required
- One passport photograph of each signatory and Smart Kid.
- Valid ID for each signatory (International Passport, National Driver's license, National ID Card).
- Utility bill
- Copy of Smart Kid's birth Certificate.
- Any other acceptable identification document deemed fit by the bank
