Junior Saver Account, or JSA, is a saving account that allows parents to save on behalf of the children under 18 years old. In addition to earning high interest at 1.68%, the parents/guardians will be protected by a personal accident insurance policy from Forte Insurance free of charge.
The product provides children the opportunity to learn the benefits of saving and help them realize their dreams. When the children turn 18, the JSA accounts are automatically converted to regular saving accounts under the name of the respective child. The children will then have access to the account and can take out the money if they want to.
