Standard Chartered Bank has introduced a new account called Junior Millionaire Account that will serve the needs of children in Zambia.
Head of Consumer Banking in Zambia, Ralph Watungwa, who officiated at the launch of the new account at the head office, said his Bank is committed to providing simplified products that will help customers meet their ambitions.
Mr. Watungwa said the Junior Millionaire Account is a savings account targeted for persons below the age of 18 years to enable parents save for their children to pay school fees, medical bills, to start investment funds, among other features.
Mr. Watungwa said the Junior Millionaire Account is in line with the Bank’s strategy to foster its long standing partnership with the youth.
He added that the product offers one of the highest interest rates in the market to ensure that children achieve their dreams.
He further explained that the introduction of the unique product will open an opportunity for greater nationwide cooperation between the Bank, Schools, Government, parents or guardians and the community.