Polaris Bank has urged parents to imbibe in their kids, the art of saving by opening Polaris Rainbow Account.

The call is coming as the world commemorates 2023 children’s’ day celebration.

To encourage savings amongst kiddies, Polaris Bank offers its customers a specialized savings account, Polaris Rainbow Account, for kids between zero and 12 years. The account is part of a range of products designed by the Bank to ensure that, from infancy to adolescent, and to adulthood, there is a financial solution for everyone”.

Polaris Rainbow Account, managed by parents or guardians, provides an opportunity for children to gain financial literacy from an early age. It also offers competitive interest rates on savings, as well as access to e-channel platforms. Polaris Rainbow Account provides automatic migration to the Polaris Young Achievers account (a specialized savings account designed for teenagers), once a child clocks 13.

Commenting on the value of Polaris Rainbow Account, the Bank’s Group Head, Brand Management & Corporate Communication, Nduneche Ezurike said, “We are extremely passionate about children and believe in the importance of savings in creating a successful future and helping them achieve their hopes and dreams. Our Polaris Rainbow Account has been created to support parents in establishing a solid foundation for their children.”

Customers and prospects can sign up to the product at any Polaris Bank branch, nationwide. It is also available for activation through SurePadi agents in their respective neighbourhoods or online, through the Bank’s account opening portal at https://accounts.polarisbanklimited.com/opening/.

Polaris Bank is re-defining banking products that meet the needs of individuals and businesses.

The Bank was adjudged Digital Bank of the Year 2021 and 2022.