This a Children's savings account structured to provide savings and money transfer convenience for parents and students

Features
•Account is of two categories: Star Kiddies and Star Teens with account opening and operating balance of N1,000.00 respectively
•Minimum operating balance of N10,000.00 for child’s membership in Kiddies club
•Interest rate at existing Savings rate (3% pa)
•Non-clearing customized cheque book (for Star Teens only)
•Bonus interest rate of 1% per annum for non withdrawal in a month
•Child can begin to operate account at the age of 12
•Standing order payments allowed
•Participation in Spring Education Plan

Benefits
•Attractive interest rate
•Opportunity to win a scholarship - N100,000 each for ten account holders
•Lodgment of cheques & dividend warrants
•No commission on draft/MC issuance in respect of child’s school fees
•No restriction to number of withdrawals
•Insurance cover for parents against permanent disability or death @ 120% of account balance at time of accident/death subject to a maximum of N1 million
•Membership to Spring Kiddies Club - Excursion, back to school gift items, parties, excursion, kiddies club website
•Participation in Spring Education Plan for the provision of funds for child’s post secondary education (optional) - 10% of all lodgments on SpringStars A/C to be credited to the plan

How to Apply
•Duly executed savings account mandate
•Suitable identification  document (International passport, Drivers License, National ID, Confirmed ID from company or School)
•Two passport photographs
•In the case of minor, 4 passport photographs – 2 for minor & 2 for parent
•Two suitable referees
•Utility bill receipts
•Account opening forms can be obtained at any Springbank Branch, on the internet or directly from our marketing staff