Fast Credit Limited has launched a new savings product, the KiddiesSwag account, tailored for children and young adults between the ages of 0-18 years.
In a statement issued on Tuesday, the company revealed that the KiddiesSwag account is designed to cultivate early saving habits, offering a competitive 15% annual interest rate. The account is fully digitalized and requires a minimum deposit of N50,000. It also provides additional benefits, such as coverage for government-approved examination fees, including those for the Common Entrance, West African Examinations Council (WAEC), National Examinations Council (NECO), and Cambridge exams.
Emeka Iloelunachi, Managing Director and CEO of Fast Credit Limited, highlighted the KiddiesSwag account as part of the company’s ongoing commitment to financial inclusivity and innovation. “We are excited to launch the KiddiesSwag account, which not only encourages young Nigerians to develop a strong saving culture but also supports their educational journey with practical benefits,” Iloelunachi said.
He further emphasized that this new offering complements Fast Credit’s portfolio of customer-centric financial products, which includes payroll lending, consumer loans, SME and corporate lending, as well as investment solutions such as the Fast Credit Investment Note and Fast Credit Thrive.
The company also noted its recent achievement of earning investment-grade ratings from Agusto & Co. and DataPro, reinforcing its solid financial position and the strength of its product offerings.
“Our goal is to continue providing flexible and rewarding financial solutions that meet the diverse needs of our clients. The KiddiesSwag account is a key part of our mission to empower individuals and families across Nigeria,” Iloelunachi added.
Additionally, Fast Credit Limited has successfully completed its oversubscribed Series 5 & 6 Commercial Paper (CP) issuance, further solidifying its role as a trusted partner in Nigeria’s financial sector.
