Minor Savings Account

Start Small. Save Smart. Secure Their Future.

cute kid 02 Commercial Trust Bank

Who Is This Account For?

The Minor Savings Account is ideal for parents, guardians, or trustees who want to start with a modest investment and gradually save toward a child’s educational expenses.

Every year, one lucky account holder is selected for a full scholarship, covering tuition, books, and other academic costs up to high school completion.

Note: To qualify for the scholarship draw, the account must have a balance of 38,869  XOF or more at year-end.

This account can be opened and managed by:

  • A parent, guardian, or trustee
  • On behalf of a child aged 8 days to 18 years

To open a Minor Savings Account, please provide:

  • Valid ID or passport of the trustee
  • Two passport-size photos of the parent/guardian
  • Completed KYC form
  • Proof of address
  • Resident permit (where applicable)
  • Child’s birth certificate or clinic card
  • Competitive Interest Rates – Grow your child’s savings steadily
  • Semi-Annual Interest Payments – Interest credited in June and December
  • Free Passbook – Track your savings with ease
  • Unlimited Withdrawals – No restrictions on accessing funds
  • Affordable Opening Deposit – Start saving with just 1,935 XOF