Details


Educationsaver is a high yield savings account that encourages you to save for your children’s future.

We all want the very best for our children and ourselves: a good education, a healthy life and all the happiness in the world. As children’s educational expenses are increasing year after year, starting to save for their future educational needs is a wise decision.

With the Standard Chartered EducationSaver, we have just the product that can help you save and protect you at the time when you need the money most

Benefits

  • One free banker’s cheque/draft every quarter
  • Exciting birthday gift for all accountholders under 18 years with over N10,000,000 balance in the account prior to birthday month
  • Complimentary invites to international university fairs and private school open days
  • Can be used as collateral for Overdrafts for the parents

The Scholarship Award

  • Set a savings target for the year tied to school fees
  • Set up a standing instruction from your account with us or another bank to deliver on that target
  • Maintain a consistent month on month savings
  • Stand a chance of receiving N1, 000,000 Annual Educational Scholarship

Eligibility

Documents Required

  • All in One account opening form
  • Original / copy of National ID or valid passport
  • Evidence of source of income: staff ID or letter of employment or Form C07
  • Two suitable references – internal or external on direct
  • 2 passport photographs
  • Valid International passport, driver's license, national ID card or voter's card
  • Proof of residential address for authorized signatories: current utility bill (not more than 3 months old) or documented staff visit or signed tenancy agreement
  • NGN 50 stamp (sign across)
  • Initial deposit

Note: All original copies of the required documents to be sighted by an officer of Standard Chartered and the photocopies must be clear

  • High Interest Rates

    Earn up to 5% interest with Educationsavers account

  • Minimum Balance

    Minimum opening balance of N50k

  • Minimum Contribution

    Minimum monthly contribution by standing order N50k

  • Interest Rate

    Very Competitive Interest rate.

  • Cheque Lodgement

    Allows cheque lodgement and dividends into the account.

  • Withdrawals

    One free banker’s cheque/draft every quarter

  • ATM Card

    No ATM card issued on this account.

  • eStatements

    Free eStatements, Online Banking and e-Alerts on your account.

Terms and Conditions

Terms and Conditions:

This promotion is open only to new and existing customers of Standard Chartered Bank Nigeria. The Bank will accept a standing instruction from the parent’s Standard Chartered Bank account or account with another bank. A child stands a chance to enjoy the Educational Grant if the parent or guardian maintains the monthly savings consistently till December 31, 2017. To be eligible, parents are required to save ₦ 50, 000 or more each month. A total of ₦ 3million will be paid as Educational Grant with N1million naira given to each of the 3 beneficiaries. The Educational Grant will be paid directly to the school of the children.
Credit interest will be forfeited where there are more than 4 withdrawals in any calendar month. Client will not be eligible for grand prize where there are more than 2 withdrawals within a year.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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