The Junior Account is a savings account designed to provide a savings facility for parents to save for their children who have not reached the majority age. The account helps parents to plan for their children’s education through savings accumulation for a long period of time.

The account operates in the following manner.

• The member opens an account for each and every child as he wishes.
• The minimum monthly saving for each account is Ksh.500 mainly through check-off but any other mode is also acceptable.
• Withdrawal from the account is permitted after every three months.
• Withdrawal before three months are over may be permitted at a charge of Ksh.500 per withdrawal.
• Minimum interest earning balance is Ksh.5000
• The rate of interest will be based on amount and time of deposit; the higher the amount and the longer the period, the higher the rate.
• The account attracts no monthly charges or account maintenance fees.
• Withdrawal fees shall be in as stipulated in the Fosa Tariff Guide.
• Children receive a birthday wishes every year