• The scheme is only available to members of the Society for their children
  • The account is opened in the name of the child but in full custody of the parent/guardian who is a member of the Society
  • The child’s birth certificate is required during the opening of the account and a copy shall be retained for record purposes
  • There is no minimum monthly contribution
  • A minimum waiting period of 1 year is observed before a member can withdraw the savings
  • The scheme earns a guaranteed minimum interest rate of 5% per annum
  • All other terms and conditions for membership apply.