Ideal for children and teenagers up to 18 years, LOLC Smart Champ Savings Account is designed to help parents meet the present and future aspirations that they hold for their children. With an attractive rate of interest, it is suitable for teaching your child to manage his/her personal finance in a more responsible and independent manner. Choose LOLC Smart Champ Savings Account and give your child the best that life has to offer.
Accounts can be opened by a parent or guardian for children who have not reached the legal age. To make the entire savings experience attractive for children.
Minimum deposit of LKR 1000/-.
Competitive interest rate.
Attractive gift structure.
Free Online Educational platform.
Interest rate is a 4.00%.
Free ATM card upon reaching 18 years, which can be used at any Visa ATM Locally & Globally.
Total flexibility in opening the account at any branch.
Interest calculated daily and credited monthly for all accounts.
Product Features
Age group – Up to 18 years
Product Name – LOLC Smart Champ Savings Account
Schemes
Up to 10years – With gift scheme
10+ to 18 years – With online educational platform & limited online banking facility.
Age Group up to 10 years
Gift Scheme
Gift vouchers will be issued when account balance reaches an amount specified below either in physical or digital form from selected merchants or credit the value of the gift to LOLC Smart Champ account on written request of parent/guardian.
Rs.1,000 – Till
Rs.5,000 – Rs.500
Rs.10,000 – Rs.1,000
Rs.25,000 – Rs.2,000
Rs.25,000 – Rs.2,000
Rs.50,000 – Rs.3,000
Rs.75,000 – Rs.5,000
Rs.100,000 – Rs.7,500
Rs.250,000 – Rs.10,000
Rs.500,000 – Rs.20,000
Rs.1000,000 – Rs.40,000
Age group from 10+ to 18 years
Addition of innovative features
Dedicated virtual space for LOLC Smart Champ Account holders will be able to do following activities.
Inquire balances.
Access to educational platform “Study Buddy”.
Play educational / financial games.
Earn points & redeem.
Special discounts for products.
Online Education Platform for LOLC Smart Champ Account
Study buddy is the online educational platform which provides interactive online learning platform targeting grade 6 to 10 students. It includes materials for all the subjects, which will be reviewed and updated regularly.
Virtual space with access to the Study Buddy will be given free of charge for LOLC Smart Champ Accounts with balance over Rs.25,000/-.
Additional Benefits for LOLC Smart Champ Accounts with balance over Rs.10,000/-
Account holders scoring more than the pass mark of Grade 5 Scholarship Examination will be eligible to be rewarded under “Sisu Upahara” scheme of LOLC Finance PLC.
Achievements at national level in any field will be recognized and rewarded under “Sisu Uphara” scheme of LOLC Finance PLC.
Special discount schemes will be available from selected merchants.
Credit card will be given to the parent to buy a laptop to the child under easy payment scheme from selected merchants.
