Saturday, July 2, 2022

How young people can save at the bank and build wealth

How can young people can save at the bank and build wealth? People who have build wealth have one thing in common: a good saving culture. Saving money is the start of the road to creating wealth.

Finding a way to start saving money so that unexpected expenses aren’t so devastating may not be easy. But shifting your thought patterns can yield long-term results.

Oftentimes though, young people lament that they barely have enough to save. Yet, there are numerous ways through which young people can save and build to wealth or to later start a business venture when on a budget. One of the finest and easiest ways to save money is through a bank account.

Locally, the Co-operative Bank YEA ACCESS ACCOUNT has a package designed for you Kenyans aged between 18 and 30 years who are looking for innovative and growing ways to save their funds.

The account attracts zero fees when opening and requires zero minimum operating balance.

We looked at the features offered by the account:

FEATURES

  • Minimum opening balance – Nil
  • Minimum operating balance – Nil
  • Sh. 600 for the debit card
  • Discounted bank cheques for fees payment for account holders only

To open the account, young Kenyas will only require to go to any Co-operative bank branch with a copy of their National Identity card or passport. They will also need at least one referee.

Co-op Bank gets Sh. 550 million for affordable mortgage lending

Once a Co-operative Bank Yea Account has been opened, customers will not need to queue in the bank to access service. They can easily do so in any of the bank’s agencies across Kenya.

Interestingly, if you happen to visit a Co-operative Bank branch, you can be served on your Yea account by readily available agents in the banking hall rather than queue for long awaiting your chance at the teller.

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