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Personal · Deposits
Youth Savers
One of the most important lessons a parent can teach a child is how to save. Open a Youth Saver's Account for any child from birth to 18 years.
Overview
01How it works
1
Open the account
Designed for children from birth to 18 years.
2
Deposit and grow
Start with as little as $50. Quarterly interest at a premium rate.
3
Receive perks
Each child gets a special gift, attractive passbook, and preferential loan terms later.
Features
Low opening depositGet started with just $50.
Premium interestQuarterly, at a higher rate than adult savings.
Welcome gift + passbookEvery Youth Saver gets one on day one.
Benefits
Preferential education loansEasier access when it's college time.
Lifelong habitsTeach money skills early.
Family-friendlyAdd or transfer when they turn 18.
Application Form
02Open your account today
Download and complete the application form, or open the form in fullscreen and fill it out online before bringing it in. Need help? Our team will walk you through it at any branch.
Terms & Conditions
03The full conditions of operation apply. Key points are summarised below; the complete document is available as a PDF.
Minimum opening balance and ongoing requirements
Account opens with EC$25.00. Interest is paid quarterly on March, June, September, and December.
Statements, fees and charges
A monthly e-statement is provided at no cost. Paper statements available on request for a small fee. See full Schedule of Rates & Charges.
Closure, dormancy and reactivation
Accounts with no activity for 12 months are marked dormant. A reactivation fee applies and may be waived for BON Gold Club members.
Deposit insurance and protection
Your funds are protected in accordance with the Banking Act of St. Christopher and Nevis. The Bank of Nevis is licensed and supervised by the Eastern Caribbean Central Bank.
Frequently asked
Got questions?
What do I need to open an account?
Two pieces of photo ID (passport, national ID, or driver's licence), proof of address dated within 3 months, and the minimum opening deposit. Visit any branch and we'll set you up in about 20 minutes.
When is interest paid?
Quarterly for most savings accounts (March, June, September, December). The BON Gold Club pays interest monthly.
Is there a monthly fee?
Standard savings accounts have no monthly service charge. Checking accounts have a small monthly charge - see the Schedule of Rates & Charges for current amounts.
What happens if I don't use my account?
Accounts with no activity for 12 months are marked dormant. A reactivation fee applies. BON Gold Club members are exempt from this fee.
Is my money insured?
Your funds are protected in accordance with the Banking Act of St. Christopher and Nevis. The Bank of Nevis is licensed and supervised by the Eastern Caribbean Central Bank.
Still have questions? Talk to us →
Step in & open today
Help your child start saving today.
Visit any branch with your completed application and a valid ID. Our team will get you set up in minutes.