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The Nigerian Bank That Operates The Best Kiddies' Account. - Business (2) - Nairaland

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Re: The Nigerian Bank That Operates The Best Kiddies' Account. by amjustme2: 10:49am On Feb 28, 2019
Kiddies account is a bogus banking jargon.

What is end of year party?
What is 4.6 interest rate?

Better look into Money Market Fund. You are sure of about 10% - 13% true yield.

its flexible to top up and Roll over interest.
You can start with as low as 5k.

You can also look into Bonds like one suggested above and Treasury Bills. Etc.

Disclaimer: I do not work for any Asset Manager or financial house, neither am I a financial advisor. DYOR or contact your financial advisor on matters regarding any Investment options.

2 Likes

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Nobody: 10:53am On Feb 28, 2019
Bro. Just open an online piggybank account for them @piggybank.ng. They are reliable and endorsed by CBN.
You can safelock your fund and get upto 3%(90days)-35%(1000days) interest when you save.
You can enable autosave of 1k or above everymonth, week or day. Your choice! You can check out their FAQ AND TESTImonies.

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by lonelydora: 10:53am On Feb 28, 2019
Amhappy:
I'm interested in this. I was considering First bank? Any info on them.
I do with First Bank for my kids. The truth is i don't even know the benefits. I only pay into the account and i don't bother checking whether there's interest or not.

"Ihe awa putara na eze anaghi eju afo" says an Igbo adage

4 Likes

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by ofuonyebi: 11:00am On Feb 28, 2019
You these Nairalanders...go kill somebody...ooo ..abi wetin de?

somebody ask which bank is the best...you all recommended the whole bank in the world for him!

You think he did not know all these banks before?

shame...you people have only increased the load of his headache...instead of reliving the pain!...tufiakwa!

2 Likes

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by haladadon: 11:07am On Feb 28, 2019
LAGATA:


Its not a deal at all! The end of year so called party is just trash! I opened a sweata account for my daughter two years ago with an average funds of 4m. I was shocked when we got to the party here in abuja last year December and all she got was a bottle of water. Even the so called fidelity kiddies competition was a trash. The winners got either mathset or small lunch bag. I have moved all the funds from fidelity to my personal account pending when am able to get a very good bank with better deals/incentives...

LoL because they gave you water and mathset hahahha

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by frixie: 11:07am On Feb 28, 2019
successking401:
trust me this thread will get to promised land( FP). but we Dont want bank marketers to hijack this thread. the op said you should give an insight into why you feel the one you mentioned is the best. we are all learning. meanwhile any body suffering from anything that spells infection or toothache should contact me. shalom!

Having toothache issue
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Ernesthugo(m): 11:11am On Feb 28, 2019
Kowor:
Yes to Access bank. No to GTB.
happy birthday kowo darling
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Ernesthugo(m): 11:13am On Feb 28, 2019
Amhappy:
I'm interested in this. I was considering First bank? Any info on them.
doomed
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by ignis: 11:16am On Feb 28, 2019
Polaris Bank
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by successking401(m): 11:27am On Feb 28, 2019
frixie:


Having toothache issue
tooth ache is the least bacteria/infection that I handles.so I will put smiles on your face . how do we start? ur location?
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Cassie74: 11:28am On Feb 28, 2019
pacifichunter:
Fidelity: This kiddies account entitles ur baby girl an end of the year party every Dec. I think it's ideal.

shocked cool grin... say what?
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by sandyd: 11:28am On Feb 28, 2019
You can try sterling they have a lovely digital piggy bank that you get to keep and empty monthly at the bank, they came to market in my kids school. The kids think it is cool.

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Cassie74: 11:30am On Feb 28, 2019
fakabey:
Fidelity bank package is the best. It is called sweeta account. A end of the year party for your kid/kids. No xtra charges, No wahala or stress to open.

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Cassie74: 11:33am On Feb 28, 2019
LAGATA:


Its not a deal at all! The end of year so called party is just trash! I opened a sweata account for my daughter two years ago with an average funds of 4m. I was shocked when we got to the party here in abuja last year December and all she got was a bottle of water. Even the so called fidelity kiddies competition was a trash. The winners got either mathset or small lunch bag. I have moved all the funds from fidelity to my personal account pending when am able to get a very good bank with better deals/incentives...

There you have it. Truth!

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by DavidEsq(m): 11:35am On Feb 28, 2019
NL1960:


I once had Fidelity SWEETA account for my kids and was operating them steadily because of their advertised end of year party for kids but my kids were never invited. I had to stop operating it and continue with the operation of my CHESS account at StanbicIBTC for them. I have a monthly auto transfer from my current account in the same StanbicIBTC to the CHESS accounts. It has a higher interest rate.
Oga abeg explain dis interest thing. U dey borrow ur own money? Explain abeg. I am very much interested in this one.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Cathy20: 11:47am On Feb 28, 2019
Fidelity Bank's Sweeta account actually has a loyalty scheme where kids can benefit for school fees support of N150,000. As long as the account is active though. It think that's a huge plus.

LAGATA:


Its not a deal at all! The end of year so called party is just trash! I opened a sweata account for my daughter two years ago with an average funds of 4m. I was shocked when we got to the party here in abuja last year December and all she got was a bottle of water. Even the so called fidelity kiddies competition was a trash. The winners got either mathset or small lunch bag. I have moved all the funds from fidelity to my personal account pending when am able to get a very good bank with better deals/incentives...
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by isaadamsy(m): 11:51am On Feb 28, 2019
Union Bank is simply the best. Apart from the 4.6% interest you get monthly, you also get insurance cover during the storm period. plus end of the year party and kiddies quizz that comes yearly...
my son is already enjoying all these.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by kinglad: 11:54am On Feb 28, 2019
*Register your Business Name, Company, School, Association/Club with The Corporate Affairs Commission for a discount now.

*Land and Buildings/Houses for sale, rent or lease.

*Learn to print Recharge Cards on your own and sell on wholesales.

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Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Iamemblem(m): 11:56am On Feb 28, 2019
Wow. You have just made a great point. Even the land itself is a great investment. Please kindly enlightening me with cashews plantation. Thank you sir


dfrost:
The best bank for kid savings? My answer: Land savings. Don't keep money in the bank. Buy land wherever you see it. No matter how ridiculous the price is, buy it. Plant cashew on the land. In 3 years, start harvesting it. Simple. That's the best security for your kids.

Bank ko, bank ni. Same bank that will not give you loan as an individual because you don't know anybody except you bring your great-grandfather's birth certificate. cheesy grin

My 2 kobo suggestion.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by NL1960: 12:08pm On Feb 28, 2019
DavidEsq:

Oga abeg explain dis interest thing. U dey borrow ur own money? Explain abeg. I am very much interested in this one.

I really do not understand your question or your request. Nevertheless, Stanbic CHESS account is a savings account for kids or kiddies savings account. The interest rate is higher than the interest rate for a normal savings account.

What do you actually mean by "U dey borrow ur own money?". Explain further so that i can give a response to it.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by NL1960: 12:12pm On Feb 28, 2019
Donvalentino55:
Good day Nairalanders. I have a baby that'll soon be up to school age and am planning on opening a kiddies account for her. So am soliciting the kind opinions of fellow parents who have more experience in this regard. Please which Nigerian bank operates the best kiddies account?

If possible state the reasons why so as to properly drive home your points. Your kind response will be greatly appreciated. Thanks.

dfrost:
The best bank for kid savings? My answer: Land savings. Don't keep money in the bank. Buy land wherever you see it. No matter how ridiculous the price is, buy it. Plant cashew on the land. In 3 years, start harvesting it. Simple. That's the best security for your kids.

Bank ko, bank ni. Same bank that will not give you loan as an individual because you don't know anybody except you bring your great-grandfather's birth certificate. cheesy grin

My 2 kobo suggestion.

This your post is assuming that the bulk of the money is already available. The OP wants to build up an amount for the child through consistent savings and not asking what to do with a bulk amount.

Btw, can i get a land to buy for a child for 1k?.

2 Likes

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by abbasajao(m): 12:15pm On Feb 28, 2019
Visit any Gtbank branch and open a SMART KID account for your daughter.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by EngrSaks(m): 12:29pm On Feb 28, 2019
Since it's for your kids...if you have large funds just go for government bonds or treasury Bill's and keep rolling it over
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by princegeo(m): 12:42pm On Feb 28, 2019
FCMB
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by ab3458(m): 1:01pm On Feb 28, 2019
Stay of GTBANK, I love Gtbank but their kids savings account is crap, why do you tax a child below 18. My only reason
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Nobody: 1:15pm On Feb 28, 2019
Mrachiever:

wema bawo....wema na bank?

yes Wema na Bank.
Royal Kiddies Package is the bomb.


Then Diamond Bank
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Nobody: 1:17pm On Feb 28, 2019
Affamefuna:


Yes sir. wema na bank and a viable one at that

Yes. Wema gat it
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by nwanyionitsha: 1:21pm On Feb 28, 2019
Genty05:
Find Jaiz Takaful Insurance
Here is someone contact I know: 08036304775
Islamic banking? I am out.

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by mechanics(m): 1:22pm On Feb 28, 2019
First bank.
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by collab: 2:01pm On Feb 28, 2019
Forget first Bank, I have my kids account with them for past 7years no interest except the initial gift of biro .

quoteor=Amhappy post=58306630]I'm interested in this. I was considering First bank? Any info on them.[/quote]
Re: The Nigerian Bank That Operates The Best Kiddies' Account. by Mbediogu(m): 2:12pm On Feb 28, 2019
thebosstrevor:
sorry None of them.... they are all fraud.

better will be to just open a normal saving account for your kids which you wont touch and save for his/her future( do not collect atm, or internet banking login, just use simple banking features that can make you check the money you saved in your account)

All these banks will promise you heaven and earth for your kids future but behold they will give you nothing in return once you start saving with them. the little money you add to the account, that is the money you will receive (they will infact take their stupid bank charges from your own money)

i will also advice you start treasury bills for your children future, open a bank account, and save the profit there and always roll over your bill


Kiddies account in nigeria is fraud

Nigerian banks are fraud laden. I have a dedicated
house. The rent will see to my little daughter's education.

1 Like

Re: The Nigerian Bank That Operates The Best Kiddies' Account. by LAGATA(m): 3:05pm On Feb 28, 2019
Cathy20:
Fidelity Bank's Sweeta account actually has a loyalty scheme where kids can benefit for school fees support of N150,000. As long as the account is active though. It think that's a huge plus.


Are u a staff of fidelity? I have never heard of such as my account officer never mentioned such. My daughters sweata account has been active since opening. Just not to make the funds idle, I had chosen an option in investing in treasury bills as I made sure the account was active. My personal opinion though, I think fidelity bank as per sweata account need to step up and stop deceiving the public with one 'dry' end of year party. Even the few staff that were on ground to serve the invitees had to start looking at faces before the small rice that was organised went to the selected attachés.
Am looking forward to when our banks will have an interested in the growing children or rather if anyone has a better option for me as to which bank I can rely on so my children will be happy in future, I would gladly appreciate .......

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