Last Updated on November 27, 2023 by Elidge Staff

Standard Bank Digi Youth Account: Unleash Your Inner Financial Genius

In this post, we are going to tell you about the Standard Bank Digi Youth Account. As parents and guardians, we all want to give our children the best start in life, and that includes equipping them with essential financial skills. The Standard Bank Digi Youth Account is designed to help young individuals under the age of 18 learn how to save and manage their finances responsibly. By opening a Digi Youth Account, you can set them on the path to a secure and successful financial future.

Standard Bank Digi Youth Account Benefits That Make a Difference

Teaching your child about finances and setting them up for a successful financial future is a crucial step. The Standard Bank Digi Youth Account offers a range of benefits that go beyond just a regular savings account. Here are the key benefits that make a difference:

1. Interest on the balance

The Digi Youth Account isn’t just a place to store money; it’s a platform for growth. With this account, your child can earn interest on their account balance, allowing their savings to grow over time. It’s a valuable lesson in the power of compound interest and the importance of saving for the future.

2. No monthly management fees

We understand the significance of minimizing costs when it comes to teaching your child about finances. With the Digi Youth Account, there are no monthly management fees, ensuring that more of their hard-earned money goes towards their savings goals. It’s a cost-effective way to help them develop responsible financial habits.

3. Financial fitness academy sessions

Equipping young individuals with financial knowledge and skills is essential for their long-term success. That’s why they offer financial fitness academy sessions as part of the Digi Youth Account. These sessions provide practical tips and guidance on budgeting, saving, and making wise financial choices. By attending these sessions, your child gains valuable insights into managing money effectively.

4. Skills fairs

Education should extend beyond the classroom, and Standard Bank skills fairs provide exactly that. These fairs offer a fun and interactive platform for young individuals to develop essential life skills, including financial literacy. Through engaging activities like budgeting games and mock stores, they learn about money management in a hands-on and enjoyable way.

5. Savings and investment accounts

The Digi Youth Account isn’t limited to just saving money. It also opens up opportunities for young individuals to explore investment options and learn about the benefits of long-term financial planning. By introducing them to savings and investment accounts at an early age, you’re giving them a head start in building wealth and understanding the potential of their money working for them.

6. Study policy

Education is a top priority, and we support your child’s academic journey. The Digi Youth Account comes with a study policy that provides access to educational resources and support. Standard Bank believes in investing in their future success by offering them the tools and assistance they need to excel in their studies.

7. Free self-service banking platforms

In today’s fast-paced world, convenience is paramount. With the Digi Youth Account, your child enjoys free access to self-service banking platforms such as Internet Banking, PayPulse, and Mobile Banking. These user-friendly platforms enable them to manage their account, make transfers, and monitor their savings from the convenience of their own device. It empowers them to take control of their finances independently.

Start Your Child’s Financial Journey Today!

By opening a Standard Bank Digi Youth Account, you’re providing your child with a strong foundation for financial success. From earning interest on their savings to attending financial fitness sessions and exploring investment options, they’ll gain valuable skills and knowledge that will benefit them for a lifetime.

Ready to take the first step? Visit their website at www.standardbank.com.na, call 92860, or simply drop by your nearest Standard Bank branch for more information. The Standard Bank team is there to assist you in making the best choice for your child’s financial future.

Disclaimer

Please note that these Standard Bank products and services, as well as the associated terms and conditions, may be subject to change. We encourage you to carefully review your contract and reach out to your nearest branch if you have any questions or require further information.

Invest in your child’s financial education today. Start with the Standard Bank Digi Youth Account and empower them to build a solid financial future