Wema Bank
Royal Kiddies Account
Account for kids from 0 - 12 years of age.
Interest Rate: |
5.65% |
Min. Opening Deposit: |
₦2,000.00 |
Monthly Withdrawal Limit: |
1 transactions |
Withdrawal Limit Penalty: |
Interest forfeited. |
Cheque Lodgement: |
Allows cheque lodgement |
Last Updated: |
Jun 02, 2026 |
Product Review
Expert Take
Wema Bank Royal Kiddies Account scores 4.1 out of 5, led by strong withdrawal limits per month. The main tradeoff is interest rate/apy.
| Rating Criteria | Product Value | Score |
|---|---|---|
| Interest rate/APY | 5.650% | 2.1/5 |
| Minimum opening deposit | NGN 2,000.00 | 4.9/5 |
| Withdrawal limits per month | 1 per month | 5.0/5 |
| Cheque lodgement | Allowed | 5.0/5 |
| Fees | NGN 0.00 | 5.0/5 |
Review Summary
This Royal Kiddies Account from Wema Bank has received a rating of 4.1 out of 5 stars. Key advantages include 4 notable benefits. However, there is 1 consideration to be aware of.
Pros
- minimum opening deposit
- withdrawal limits per month
- cheque lodgement
- fees
Cons
- interest rate/apy
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