Features & Benefits

• Attractive interest rates.
• Thyaga reward card and points at the time of opening the account and as the balance grows. Each point is equivalent to one rupee upon redemption.
• Scholarship Achievement Reward – Thyaga reward points of 5,000 will be awarded to children who pass the grade five-scholarship exam with a score above the district cut-off mark.
• Financial literacy workshops for minors aged 15 years and above.
• Thyaga reward points & Birthday points– Balance above LKR 75,000 – Children maintaining an account balance of LKR 75,000.00 or above will receive Thyaga reward points (complimentary birthday reward points will be granted as a special gesture from Union Bank).

• Automatic conversion of the Kidz Saver to a Savings Account soon after the child reaches 18 years.

Eligibility

• Kidz Saver can be opened for all minors below 18 years and parents /guardian or benefactor above 18 years.
• The accounts should be opened for children on or before they reach 13 years to be eligible for the Cash reward scheme.
• Eligible for the grade five scholarship – The account must maintain a minimum balance of LKR. 25,000 and the account must have been opened at least 12 months prior to the claim date.

How do I apply ?

• A duly completed application form.
• Birth Certificate.
• National Identity Card /Valid Passport /Valid Driving License of parent / guardian / benefactor.
• Risk Rating form.
• Copy of a recent utility bill/bank statement to establish residence address.
• Initial deposit Rs.2,500/- to start the account.
• Parents, guardians and / or benefactors can open an account on behalf of children.