It’s Never Too Early To Start Saving

Our SMARTJunior Account is designed for our young members, from birth to 15 years of age. Open a SMARTJunior Account to receive competitive interest rates and to help your children build a strong savings habit for a better financial future.

SMARTJunior Account holders are also eligible to apply for scholarships at every stage of their education and other membership perks.

*Account must be transferred to a regular adult account at age 16.

Get your child on the right savings path today!!

Open an account online or visit your preferred branch (Walcott Brooks Building, Fairchild Street, Bridgetown; Southern Plaza, Oistins, Northern Business Centre, Speightstown).

Not a member? Don’t worry, it’s easy to join. Sign up here

To start the process of opening your junior savers account, complete our Contact Form.

 

Requirements:

1. One form of picture identification of the Parent/Guardian (we accept the following):

  • Barbados Identification Card

  • Valid Passport

  • Certified passport-sized photograph - Must be accompanied by a completed Photo Certification Form signed by an authorized Agent. All items being certified must carry the stamp and signature of the authorizing agent.

2. Proof of Address letter signed by a parent or guardian

3. Minor’s Birth Certificate and ID Card

4. FACTA/CRS Self-Certification Form - Individual signed by a parent or guardian

5. Specimen Signature Form - signed by a parent or guardian

6. Qualifying share deposit of BDS$50 and an administration fee of BDS$10

*Kindly note that junior member accounts transition to adult accounts in the name of the child, when the junior account holder turns 16 years of age. In order for parents/ guardians to retain access to the accounts of your children past they age of 16, they should make the account a joint one prior the child’ 16th birthday or move the funds to a new or accessible adult account.

Learn more about the Foreign Account Tax Compliance Act (“FATCA”)

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