Elevated financial and lifestyle benefits designed around your success
Open an account without a minimum balance
Interest is earned on balance of MUR 1.00 and above
Benefit from high return on the account
Earn end-of-year bonus interest (paid in December)
No monthly fee
Easily access and manage your child’s account through our internet and mobile banking services
Exclusive offers at selected partners
Education plan on offer
Eligible for preferential pricing on credit facilities up to 3 times of the Junior Savings account balance (for the parent when the child turns 18)*
Requirements
Your child needs to be under the age of 18
Speak to an Absa representative
Let us contact you, or visit a branch to get started. Make sure you have the following documents in their original format:
The birth certificate of child
Parent or legal guardian’s national identity card or passport
Proof of address, parent or legal guardian's proof of address not older than 3 months (e.g. utility bill)
Birth certificate or marriage certificate if the relationship needs to be established
Utility bill in your name not older than 3 months at the time of application
To note
When the minor turns 18, the parent or legal guardian may be entitled to a preferential interest rate on new credit facilities applied by the said parent or legal guardian in their name.
The preferential interest rate will be based only on the portion of the total amount not exceeding three times the balance held on the Junior Savings Account as at a day before the minor’s 18th birthday. The parent/legal guardian should also meet the Bank’s credit requirements to be eligible. This offer is limited to only ONE parent/legal guardian and for a period of one year as at the minor’s 18th birthday. The Bank may, at its discretion, revoke this offer at any time.
Discover special offers for your child
AHLING Wonderland
10% discount except on electronic and household products
Odysseo
15% discount on kids’ entry fee as from 4 years old
Eyezone by Kislaye Gaya
12% off on kid's frame only
Nature Verte
10% off on mustela/Boody booty
La Vanille
5% discount on the tortoise nursery, baby crocodile feeding and pony ride only
Omarjee
15% discount
