1st Step Savings
Start your children on the road to financial success.
1st Step Savings Accounts are ideal for minors up to 18yrs old. The account will then be converted to a regular savings account with standard features. Schedule an appointment and provide the necessary documentation listed in the requirements section below.
Benefits
2.25% Interest paid monthly
FREE Bank and ATM withdrawals
FREE Bank and ATM deposits
FREE Mobile Banking
FREE Internet Banking
FREE Bill Payments
Features
24-hour Reliable Banking
Easy access to cash
Attractive Interest Rates
Transfer funds between accounts
Requirements
$25.00 Minimum Opening Value (does not include 1st Debit Card).
$45.00 Minimum Opening Value (includes 1st Debit Card).
One (1) form of valid Government issued ID (Passport, National ID, Driver's License of parent/guardian).
Proof of Residential Address, not older than 3 months. Provide one from the list below:
Utility bill in parent/guardian's name, bearing his/her current residential address.
If utility bill is not in the parent/guardian's name, a letter from the bill holder confirming address in addition to a copy of the bill holder’s valid Government issued ID.
2nd form of valid Government issued ID of parent/guardian which bears the same current residential address as the 1st form of valid Government issued ID presented.
Credit Card Statement of parent/guardian, not older than 3 months which bears current residential address.
Bank Reference Letter from another financial institution, bearing parent/guardian's current residential address.
Tenancy Agreement bearing residential address of parent/guardian duly signed and dated by tenant and landlord.
Parent/guardian's National Insurance Corporation (NIC) number.
Fees
Early Closure of Account (within 6 months of opening date) - $25
Certifying Balance - $25
No Passbook Transaction - $10
Print Account Statement - $5 per sheet
Third Party Withdrawals - $5
Letters to Embassies, Consulates, Credit Confirmations etc. - $25
Search for Vouchers (dated within one year) - $15
Search for Vouchers (dated within one to five years) - $25
Search for Vouchers (dated over five years) - $50