The Managing Director of Capital Bank, Reverend Fitzgerald Odonkor, has urged parents to ensure that they invest some of their finances in their children.
According to him, there would always be competing demands for ones finances, hence the need for parents to discipline themselves and ensure that their children’s future was secured.
At the launch of the Bank’s Young Achiever Account, Rev. Odonkor, said the newly introduced account was a social initiative aimed at helping families to actualise their dreams which otherwise would have been shattered due to lack of financial security.
“The journey towards financial liberation is linked to strategic planning and discipline, therefore, parents must have a strategic plan for their children’s future and most importantly, the discipline to invest since there will always be competing demands for our finances,” he said.
He said it was every parent’s dream to provide their children with the best financial security, something the bank also believed in hence, the introduction of this unique product.
“We at Capital Bank believe in this dream and have, therefore, developed a product that will help you save with ease and relieve you of the financial pressure that comes with the high cost of funding required at the secondary and tertiary levels,” he said.
Rev. Odonkor said to enhance the value associated with the Young Achiever’s Account, the bank had partnered MBM Associates and REVO Education to give free ilearn tablets to clients who deposited GHC5,00 ?? or more.
“These ilearn tablets are configured with 42 text books approved by the Ghana Education Service, past questions and answers from junior high school and more. That’s not all, parents will also receive up to 10 per cent discount on books purchased at any Sytris Bookshop and up to 15 per cent discount on football and swimming programmes at Lizzy Sports Complex,” he said.
The Young Achiever Account is a trust account aimed at providing the best financial security for children from birth to the age of 17. It has two variants namely Junior Achievers targeting children from 0 to 12 and Teen Achievers which also targets children from 13 to 17.
Clients need an opening balance of GHC10, and a minimum operating balance of GHC100. The account comes with an interest pegged at two per cent above Capital Bank Savings Account rate.
“The untiring pursuit for superior value and our desire to provide holistic financial solutions across every facet of the customer’s life cycle is what has driven Capital Bank to develop the Young Achiever Account,” he said.
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