Children Educational Savings Scheme - CHESS
What does it offer you
Interest rate of 1% above the interest rate earned on savings accounts
You get one free withdrawal every quarter
Allows payments of cheques and dividend warrants into the account subject to meeting full KYC requirements.
You can get a debit card for access to your money 24/7
What you need to apply
What you need to apply:
CHESS account opening form
Minimum opening balance of N5, 000
Minimum daily credit balance of NGN500.00 (Five Hundred Naira Only)
Child's birth certificate
Two passport photographs of child
Two passport photographs of parent or guardian
Valid means of identification of parent or guardian
Optional: Two personal current account references to let account holders pay-in cheques.