Union Bank Targets Children with Special Accounts

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By Dike Onwuamaeze

The Union Bank Plc has unveiled the UnionInfinity and UnionLegend accounts in its bid to encourage kids and teenagers to cultivate the culture of savings and prepare them for a future life of financial independence, The UnionInfinity account is for kids between one day old and12 years while the UnionLegend for teenagers from 13 to 18 years old.

The two accounts were designed, according to the bank, to cater for “the growing needs of parents who do not only want to save for their children’s future but also to teach their kids to save.”

The Head of Retail Banking and Digital at Union Bank, Lola Cardoso, said: “We are excited to champion this new and improved proposition for kids and teenagers, which will help them to achieve their dreams.

An important part of our role as a bank is to teach and encourage financial literacy and independence and these accounts are a very practical way to do so.

“We have made it even more rewarding with perks that the kids and their parents can look forward to. To open any of the accounts, call your Union Bank’s relationship manager or walk into any of our branches nationwide and request an account opening form.”

Other benefits that are available to the account holders of the UnionInfinity and UnionLegend accounts include lifestyle discounts, milestone rewards, loyalty schemes, insurance cover for education, discounted healthcare packages, customised debit cards, education, social events and a cool community.

Parents will enjoy access to financial support to pay their kids fees and up to 3.75 per cent interest on the savings account.