HFC Brainy Child Account

  • This product targets parents and guardians of all children across the country.
  • Encourage parents /guardians to save up towards future expenses of their children

Eligibility Requirements

  • Age of Saver is from 1 day to 18 years.
  • Trusted adult must meet KYC requirements

Key Account Features – Brainy Child

  • Account to be operated as a trust account on behalf of the child by the guardian or parent
  • Initial account opening amount of GH¢50
  • Monthly Deposit/Standing Order of not less than GH¢50 must be set on account
  • Daily, weekly deposits allowed
  • Minimum account operating balance shall not be less than GH¢50
  • One withdrawal in a quarter is allowed on the account
  • Any further withdrawals within a quarter shall attract a forfeiture of interest for the quarter.
  • No ATM card to be issued on this account
  • Interest: Tiered rating scale Maximum of 8% (Credited quarterly)

Product Benefits – Brainy Child

  • Free quarterly statements
  • Free and instant access to HFC Fastnet (for viewing only)
  • Free Bank draft to pay school fees.
  • Free standing Orders from any HFC account to your Brainy Child account
  • Free attendance for child at any HFC sponsored / partnered children’s’ program.
  • Attractions like occasional book presentations, book clubs, excursions and get- togethers
  • Instant Gift for the child when account is opened and funded
  • Account balance can be used as a collateral for an overdraft/loan to pay child’s school fees

TIERED INTEREST RATE- BRAINY CHILD

Tiered Interest Rate, maximum of 8% p.a