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Which Nigerian Bank Is Best For Kids Account - Investment - Nairaland

Nairaland ForumNairaland GeneralInvestmentWhich Nigerian Bank Is Best For Kids Account (654 Views)

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Which Nigerian Bank Is Best For Kids Account by chiemmanuel(op): 6:15am On Apr 13, 2021
Please I need advice on the best bank to open an account for my kids,in terms of interest rates, And other benefits
Re: Which Nigerian Bank Is Best For Kids Account by tolajay: 8:01am On Apr 13, 2021
None!

Considering the inflation and Naira devaluation trajectory, I'd advise you open a USD dorm or Eurobond account and be saving your money in dollars.

It'll be more valuable when they're ready to use the fund, compared to Naira that would have been devalued and the inflation rate skyrocketing.

Savings account is actually shavings account.

Best!

chiemmanuel:
Please I need advice on the best bank to open an account for my kids,in terms of interest rates, And other benefits
Re: Which Nigerian Bank Is Best For Kids Account by chiemmanuel(op): 8:36am On Apr 13, 2021
tolajay:
None!

Considering the inflation and Naira devaluation trajectory, I'd advise you open a USD dorm or Eurobond account and be saving your money in dollars.

It'll be more valuable when they're ready to use the fund, compared to Naira that would have been devalued and the inflation rate skyrocketing.

Savings account is actually shavings account.

Best!
thanks for your response, please,how do I open the accounts you stated
1 Reply

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