Advantages Of Your Child Having A Jumbo Junior Account From Co-op

By Soko Directory Team / Published March 8, 2021 | 8:56 am

KEY POINTS

The JumboJunior Account comes with an automatic membership to the Jumbo Junior Club, which entitles one to; free ele-bank on opening a new account; free birthday card on a child's birthday anniversary.

The Jumbo Junior Account is the big bank account for little people as the Co-operative Bank of Kenya puts it. It’s a transactional account designed for children below the age of 18 years for the safekeeping of money and making them grow financially.

The JumboJunior Account comes with an automatic membership to the Jumbo Junior Club, which entitles one to; free ele-bank on opening a new account; free birthday card on a child’s birthday anniversary. It has discounted bank cheques for fee payment and interest payable at 3 percent.

To open the Jumbo Junior Account, one would need; the parent’s or guardian’s original ID Card as well as a copy, copy of the birth certificate of the child, minimum opening / operating balance of KES 500, and a copy of KRA PIN.

READ: Why This Is A Perfect Year For A Jumbo Junior Account From Co-op

Now, why is the Jumbo Junior Account from the Co-operative Bank of Kenya important for your child? Why must you open it for your kid?

It empowers your child financially. The account is an assurance that you care about the future of your child financially. By saving something that will ensure that their future is taken care of.
It teaches your child to save. Saving is about financial discipline. The Jumbo Junior Account teaches your child the rules of money at an early age making them responsible and disciplined in handling money.
It covers you for the rainy day. Traditionally, saving is always about the uncertain future. The Jumbo Junior Account will help your child’s future, for instance, in terms of education secured.
It makes savings measurable. Open a jumbo junior account today to start the journey of teaching your child the joy of savings and financial security.

The Co-operative Bank of Kenya has an outstanding history when it comes to handling finances with the trust of over 15 million people.

READ: Features Of Co-op Bank Current Account You Need To Know

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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