
- 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.