Standard Bank launches youth account

Erna Kaura, Liabilities Manager, Standard Bank and Baronice Hans, Head of personal and Business Banking, Standard Bank at the launch of the new children’s saving account Digi Youth Account. (Photograph by Mandisa Rasmeni).

Standard Bank Namibia launched their first children’s saving account called the Digi Youth Account on Tuesday.

The bank believes that saving must start from an early age in order for youngsters to learn the importance of banking and at the same time continue with this trend when they become older.
Erna Kaura, liabilities Manager, Standard Bank said that the Digi Youth Account caters for existing and potential customers’ children aged from an infant age up to 18 years. “The product provides easy access to savings type accounts, and allow for products to be added as your child’s financial sophistication grows,” added Kaura. She emphasised that it is never to early to begin building a solid future for the children based on an appreciation of the value of money and learning a basic saving disciple. “The new youth account comes with a customized debit card, no monthly management fees, free cash deposits and you can open the account wit a minimum of N$50,” she added. Baronice Hans, Head of Personal and Business Banking, Standard Bank said that the Digi Youth Account Debit Cards are readily available at all Standard Bank branches, and that they are looking forward to creating a generation of responsible and financially savy future leaders.