Toto Bora Account

This is an account that targets parents who wish to save for their children until they attain the age of eighteen.

Features:

  1. Opening and minimum balance at Kshs. 1,000
  2. For children under the age of 18
  3. Interest payment on balance above Kshs. 5,000
  4. Interest accrues on clear balances daily and credited to the account monthly at Treasury Bill rate plus 1%

Benefits:

  1. One free banker's cheque per term for fee payment
  2. One withdrawal per quarter
  3. Free standing order from the guardian's account
  4. No monthly maintenance charge