LITO Savings Account

• Only parents and/or legal guardians that have an MCB account can open a Lito Savings account for their kids;
• Grandparents, other family members and friends cannot open a Lito Savings account, but they can surely deposit on the Lito Savings account opened by the parents of the child;
• Maximum deposit amount per month is NAf. 250,-;
• Once a year a maximum deposit amount of NAf. 1.000,- is allowed in connection with the child’s Birthday or special occasion;
• Parents and/or legal guardians can open only one Lito Savings account per child;
• When opening a Lito Savings account, parents can request access to MCB Online Banking, making it easier to view your child's Lito Savings account.

• The current interest rate for the Lito Savings is Account is 3% (*NIR: 3%; **APY: 3.04%).
• Check out important information on Personal Savings

• Maduro & Curiel’s Bank will close the Lito Savings Account in the month of January of the year after your child turns 18. The savings, including the base rate, will be transferred to a regular Maduro & Curiel’s Bank savings account in your child's name. Click here to read more about our savings accounts.
• If your child does not have another Maduro & Curiel’s Bank savings account, we will open one for him or her.
• Important note: When your child turns 18 only he or she will have access to and dispose of the funds.

See Terms & Conditions

Once your child reaches the age of 18 years, he or she can make their money grow by making use of our investment services.
The minimum balance to invest is the equivalent to NAf. 10,000.- .