School Saving Account
At KGK BANK the school saving account is reserved for student from the age of 10.
The opening of the School Saving Account is a supplement to the youth booklet, and is reserved solely for your schooling projects. The account can be kept until the end of your university studies, and can then be transferred to a home savings account or a business savings account.
Student Banking Privileges Plan
The goal is to allow young people to save during their period as a student, thanks to scheduled transfers per monthly payment which are determined according to the terms you choose when signing your contract.
Money is easier to spend than when it is worked. As a student, you cannot escape spending. Some expenses include tuition, housing, books, supplies, food, etc. This is why we automatically open the « School Saving Plan » account as soon as you reach the required age.
It provides financial security and freedom, protecting you in times of financial emergency. also a way to avoid debt, which relieves stress and unnecessary challenges.
KGK BANK works with you on low low risk rates to prevent your future as a student, but also as an adult.
It is only authorized to hold one young person’s booklet per person, it is however possible to combine the A booklet and the young booklet. KGK BANK proceeds directly to the opening of your passbook savings account as soon as your youth account is opened. Monthly transfers are provided by the Bank according to the conditions that you choose to establish in the contract. The passbook savings account is a joint account which is used to prepare your future as a student, friends also in case of immediate need. The funds that you choose to transfer according to the contract that has been provided are blocked by the bank. The release of funds is only done under certain conditions which will be presented in the contract.
Payouts to the account cannot exceed $20 million. The ceiling can only be exceeded from the age of 16. The management of the account is done mainly by the legal representative until the age of 16.
Bank interest is calculated per dozen. That is, the bank gets 0.4% of your annual capital for managing your accounts.
The funds are released only in the presence of supporting documents related to your studies.
Contact us
Appointments are made by e-mail via your customer area, or in one of our offices with our advisers.