Back-to-school season is around the corner. While it is an exciting time for children to reunite with their friends and parents, to get a much-needed break during the day, it can be expensive. Moreso, worrying about your kids’ future and all the expenses that will follow when raising them – from food, clothes, school fees and transportation to funding their passion, the list is endless. At Norrenberger, we believe that the spirit of back-to-school can extend beyond the classroom, into a future that ensures your child’s financial growth and success – hence our Norren Kickstart Account. But before we fill you in on all the benefits, here is why you should invest in your kid’s future.
Imagine this: It is the first day of a new semester in a new class-there is a lot of preparation going on to ensure your child makes a good first impression and new friends which pretty much sets the pace for the entire school year. In the same vein, this is what a trust fund does – sets the pace for your child’s entire financial future. The great thing about a trust fund is that you can invest it over a period of time until your child reaches adulthood. It is essentially money set aside, accruing interest over time and hedging against inflation until its maturity date. Instead of saving a portion of your income in an account like the old photos in your shoebox, gathering dust until you need them again, why not invest them in an account AND get higher returns on your investment over time? Sounds like a plan, doesn’t it?
Now that we have covered the why, let us get back into the how – the Norren Kickstart Account. This investment vehicle is designed to cater to dependents from age 0 to 20 years. Think of it as sending your child to a progressive school that nurtures their growth from their earliest days until they step into the world as young adults. The beauty of the Norren Kickstart Account lies in the fact that the beneficiary takes ownership of the investment at the age of 21, or as agreed upon with the sponsor – ensuring they step into adulthood with financial security. The minimum initial investment amount is N100,000, with a minimum additional investment amount of N10,000.
We understand that a successful education is built on a solid curriculum. Similarly, the Norren Kickstart Account offers a competitive return on investment. Nurturing financial intelligence is a critical aspect of a child’s upbringing, and this account ensures that your investments grow to support their aspirations. The returns serve as the reward for your commitment to securing their future.
A huge plus for you as a parent or guardian is that your money is protected by the Nigerian Deposit Insurance Corporation (NDIC), so you can rest assured that it is safe. With all these benefits and more, I am sure you don’t need any more convincing on how great the Norren Kickstart Account is as an option to save for your child’s education and aspirations. It is a safe, flexible, and affordable way to help your child reach their full potential.
The Norren Kickstart Account is our way of extending a hand beyond the classroom, into the world of financial security and prosperity. It’s a way to keep “Back To School” going, building a solid foundation for your child’s future, one investment at a time.
