Savings

Yalu – Children’s Savings

The children’s savings account

The Yalu Children’s Savings Account was initiated to encourage the habit of saving amongst children.
HNB Finance rewards kids who save regularly with various valuable gift items.

Key features

Interest calculated on daily balance and credited monthly.

SMS notification on every transaction made

Eligibility

Customers below the age of 18 years.

Requirements

Completion of mandate duly signed by parent/guardian.
A copy of the child’s birth certificate.
KYC requirement of parent/guardian. (Know your Customer)
A copy of Valid National Identity Card (NIC), Driving license of the parent/guardian, and in the absence of the NIC, driving license/passport which carries the NIC Number.
Address Proof (If requested)

Rates and Fees

Amount	Interest rate
0-999.99	1
1,000-4,999.99	2.5
5,000-49,999.99	3
50,000-199,999.99	3.5
200,000 & Above	5

Terms and Conditions

Our terms and conditions are subject to change. Therefore, we advise you to contact your nearest HNB Finance branch for the latest information and prevailing terms and conditions.