Secure Your Child’s Future with Co-op Bank’s Jumbo Junior Account

Financial security is key to ensuring that our lives are as peaceful as required. It refers to the peace of mind you feel when one is not worried about their income is enough to cover their expenses.

With financial security to be in place, one should have enough money saved to cover any kind of emergencies and their future financial goals.

When one is financially secure, their stress levels go down, leaving them free to focus on other issues.

It is never too early to cultivate a savings culture in your child and it is for such reasons that the Co-operative Bank of Kenya invented the Jumbo Junior Accounts for kids.

Parents and guardians are not the only people to observe financial security, kids too need to be included and taught the importance of saving from an early age.

Opening a Jumbo Junior Account for your child is a long-term financial security case. This means that a child will start saving for their future and as they grow older, will be in a position to manage funds well without having to depend on other people.

This account is a transactional account designed for children below the age of 18 years for the safekeeping of money.

Features of A Jumbo Junior Account

Automatic membership to the Jumbo Junior Club, which entitles one to:

• Free electronic-bank on opening a new account
• Free birthday cards every anniversary
• Negotiated discounts on presentation of a Jumbo Junior Debit Card at selected bookshops, uniform distributors, and hospitals (Gertrude’s Children Hospital)

Upgrade of Jumbo Junior customers

Discounted bank cheques for fees paid for account holders only

This being a transactional account, no interest is payable.

The requirements when opening up a Jumbo Junior account for your child include the following:

1. Parent’s or guardian’s original ID Card as well as a copy
2. Copy of birth certificate of the child, or notification of a birth or baptismal card
3. The minimum opening balance of 1,050 shillings
4. The minimum operating balance of 500 shillings