Tropical Stars Account

Kid-with-plane3

Tropical Stars Account is a children’s account designed mainly to secure the child’s future by saving for it, and teaching kids how to save from a young age.

HOW IT WORKS

  • The Tropical Stars Account will be opened in the child’s namebut operated by the parent until the child is 18 years of age
  • The account can be operated in both Uganda Shillings and US dollar currencies

BENEFITS

  • Free insurance cover up to UGX 20 million/USD 5,000, provided you maintain the insurable limit of UGX 500,000/USD 200
  •  No transaction charges on the account
  • No monthly maintenance fees
  • We send you a quarterly statement of transactions free of charge
  • Access to short-term loans of up to 60% of savings at a preferential interest rate
  • Free standing orders to the account
  • No bank charges provided you maintain a daily balance above the required minimum.

REQUIREMENTS (Parent/Guardian)

  • Initial deposit of UGX 20,000/USD 10.
  • Minimum balance of UGX 20,000/USD 10
  • Valid identification of sponsor (driver’s permit/passport/
  • employer’s card/voters card)
  • 2 passport size color photographs
  • Proof of residence (LC letter/Utility bills)

REQUIREMENTS (Child)

  • Birth certificate/ immunization card/ baptism card/passport
  • 3 passport size photographs