Junior Savers Deposit Account
The West Coast Co-operative Credit Union Ltd. welcomes young persons to its family of depositors through its Junior Savers Deposit Account. A Junior Savers Account can be opened by parents and guardians for infants and children under 15 years.
This account was designed in mind for children desiring to save the pocket change being handed to them; as small as it may be. No withdrawals can be made from this account until the child has reached the age of fifteen. This encourages children to save from an early age and thus disciplining them in money spending.
These accounts can be handed over to the children at 15, when they qualify for membership, or a little later at the parents’ or guardians’ discretion.