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Children’s Savings Accounts

Ideal for children and teenagers up to 18 years, LOLC Finance Champ Savings Account is designed to help parents meet the present and future aspirations that they hold for their children. With an attractive rate of interest, it is suitable for teaching your child to manage his/her personal finance in a more responsible and independent manner. Choose LOLC Finance Champ Savings Account and give your child the best that life has to offer.

Accounts can be opened by a parent or guardian for children who have not reached the legal age. To make the entire savings experience attractive for children, a gift scheme has been devised for account holders aged 14 years and below.

  • Minimum deposit of LKR 1000/-
  • Competitive interest rate of 7.5% p.a
  • Free ATM card upon reaching 18 years, which can be used at any Commercial Bank ATM centre
  • Total flexibility in opening the account at any branch
  • Interest calculated daily and credited monthly for all accounts