5 TO LIFE SAVINGS

This product is designed to help children and youth under 18 years of age get started with savings and everyday banking.

 

Features & Benefits

  • passbook

  • 24/7 online banking

  • e-Statements

  • EziBank (MyCash / M-tala)

  • no overdraft fees

 

Interest Rates

  • Interest is credited monthly to account :

  • 1.0% p.a ($5.00 - $499.00)

  • 1.5% p.a ($500.00 - $999.00)

  • 2.0% p.a (>$1000.00)

 

Fees

  • Two first withdrawals FREE annually

  • $1.00 per month for a balance below $50

  • $5.00 over the counter withdrawals

  • $10.00 passbook replacement fee

  • $10.00 closing fee

  • $20.00 withdrawal without passbook

 

Opening Requirements

RESIDENTS

  • Confirmation letter stating the purpose of the account and how it is funded.

  • 2 valid IDs for the Parent who is operating the account

  • Child to provide birth certificate with Passport photo/Passport

  • minimum opening deposit is $2.00

NON-RESIDENTS

  • certified confirmation letter stating the purpose of the account and how it is funded.

  • provide a work permit.

  • 2 valid IDs for the Parent who is operating the account

  • Child to provide birth certificate with Passport photo/Passport

  • minimum opening deposit is $2.00

Important Documents

  • 5TOLIFE Savings Terms & Conditions

  • Personal Banking Terms & Conditions

Call or Email for more info

Phone: +685 26766
Email: newaccounts@nbsamoa.com