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Afribank Educational Savings Account (AESA) is designed to enable parents and guardians to save regularly with the long-term objective of accumulating savings for payment of their children's/wards school fees.

FEATURES

1. Opening amount of =N=5,000.00
2. Monthly savings into the Account
3. Allows standing order/direct debit and payment of cheques into the account
4. Application of interest rate of 1.5% per annum in excess of the prevailing interest rate for savings account.
5. Minimum monthly balance of =N=60,000.00 qualifies account holder for yearly Educational draw for =N=100,000.00
6. Operating interest rate plus 2% per annum for account holders that maintains a minimum daily balance in excess of =N=250,000.00

BENEFITS

• Opportunity to win scholarship for child/children annually
• Savings can be used as collateral for bank facilities
• Assist parents/guardians to build reasonable capital base for the education of their children
• Enables parents/guardians to imbibe savings culture
• Free commission on draft for payment of school fees
• Regular statement of account
• After age 21 beneficiaries can automatically open a current account
• Account holders to enjoy special incentives from Afribank Nigeria Plc
• Instant gifts for accounts opened within the first ninety days

TARGET AUDIENCE

• Infants
• Pre-Nursery Schools Pupils
• Nursery/Primary School Pupils
• Secondary School Students
• Post-Secondary School Students