Edu Save

An education‐specific savings account opened in the name of the beneficiary and designed to support education through primary,  secondary school and tertiary education

Benefits: 

  • Very low minimum opening balance 
  •  Convenient way to save small amounts for the child’s education 
  • Competitive interest rate

Eligibility: 

  • Secondary School Students   High School Students 
  •  University Students  
  • Students in Tertiary Institutions  Parents with minors who wish to save for their children’s  future

Documents    

  • Copy of valid NIC 
  • 02 Photos 4×4 size
  • Birth certificate
  • Location plan or utility bill 

 a) Minors   

  •  Valid Identification of Parents/Guardian – National Identity Cards or Passport 
  • Child’s birth certificate 
  •  4 passport size photographs per Child and per Parents 
  •  Address Verification 
  • Receipt/evidence of utility bill e.g. water, electricity, etc 
  •  Alternative of utility bill can be a localization plan 
  • Initial deposit of at least XAF 5,000   

b) Students   

  •  Copy of valid NIC  
  • 02 Photos 4X4 size 
  •  Student ID or any other proof