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The Zambia National Building Society has launched the Baby Wallet Savings Promotion aimed at strengthening the deposit base of the institution as well as fostering financial awareness and inclusion among the younger population.

The Baby Wallet promotion which preceded the launch of the Financial Literacy Week celebrated under the theme “A Better Life Through Savings; Every ngwee counts”, was launched on 2nd March, 2015 at Intercontinental Hotel in Lusaka.

Eligibility into the promotion entails that a customer opens a Baby Wallet Account with a minimum book balance of K200 and deposits a further K1,000 on a monthly basis.Customers should have deposited a minimum of K5,000.00 by the end of the promotion which runs until August, 2015.

Prizes include a Three Bedroomed House located at North-gate Gardens along Kasangula road opposite the Olympic Youth Development Centre (OYDC) in Lusaka. Other prizes to be won are a fridge, 4 plate cooker, 32 inch LED TV, Talk Time and Shopping vouchers.

The Baby Wallet Account is an account designed for children under the age of 16 years. The account attracts no maintenance fees and earns a customer 5% interest per annum. On this account customers are allowed to withdraw once every 12 months. Parents and guardians can use the account to save for the children's school fees, birthday presents/parties, and any other eventualities.

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