Polaris Rainbow Savings Account

Polaris Rainbow Savings Account is a specialized savings account for Kids (0 - 12 years old), with parents/guardians as the trustees of the account until the child is 18 years old. The account is designed to create banking awareness amongst children in a fun manner from an early age.

Features & Benefits
  • Account is opened in the child’s name and operated by the parent/guardian
  • Minimum opening and operating balance of N1,000.00
  • Competitive interest on savings
  • Automatic migration to Polaris Young Achievers Account at age 13, with SMS/Email notifications to parents/guardians.
  • Debit card issuance
  • Lodgement of cheques/dividend warrants (in Child’s Name) of up to N2million
  • Access to consistent saving with standing instruction from benefactor account
  • Access to e-channel platforms
Account Opening Documentation
  • One recent Passport photograph of parent and One Recent Passport photograph of child
  • Bank Verification Number (BVN)
  • Proof of age document of the child (Int’l Passport, Birth Certificate, Notification of Birth)
  • Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
  • Proof of Address (PHCN, Water bill, Waste disposal bill, tenement, etc.)
  • Resident permit (for expatriates)

Download PolarisXperience or PolarisMobile from the App Stores.


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