Saving for your children's future made easy
Open an account for your child in their name and save up for their future. Orco Bank offers attractive interest rates* and no monthly fees once you open a Kids Savings Account for your child or grandchild. The minimum monthly deposit is ANG 25.00 each month, and you can schedule this transfer in your New Orco Bank Online at no additional charges.Benefits
- Attractive interest rates
- No monthly fees
- Free access to New Orco Bank Online & Orco Bank App
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Why choose a Kids Savings Account?
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Required Documents
- The account is created in the child’s name upon account creation Kids Savings Account is available for children up to 18 years!
- Balance becomes available once the minor turns 18 Attractive interest rate of 2.00% is calculated on the daily balance and paid annually
- The minimum monthly deposit is ANG 25.00 each month Free access to New Orco Bank Online & Orco Bank App. Easy access anywhere, anywhere to check account balance.
- Deposits can be scheduled easily through New Orco Bank Online or Orco Bank App
- Withdrawals or account closing is not possible before a minor turns 18, guaranteeing the investment for your children’s future In exceptional cases withdrawals may be permitted only once a year, up to a maximum amount of 20% of the current balance
- No monthly fees will be charged to the account
- The earlier you start saving for your child or grandchild, the quicker your investment adds up! And the brighter their future is!
- Child’s birth certificate, ID or passport if available or “trouwboek”
- A valid ID of the parent(s)/legal guardian
- Proof of address parent(s)/legal guardian
- Proof of income parents(s)/legal guardian
- Additional to the usual account opening documents (incl. Parent Statement) to be filled in and signed, we have also added the Kids Savings Account Agreement.