The Education Fund is a specialized savings solution designed to help Ghanaian families prepare for future educational expenses. With enhanced interest rates and education-focused benefits, this plan ensures your children have the financial resources they need for quality education from primary school through university.
Education Cost Protection: Our fund includes an annual adjustment feature that helps your savings keep pace with rising education costs in Ghana.
The Education Fund was developed by ANSOREMILO in collaboration with education finance specialists to address the growing challenge of funding quality education in Ghana. With education costs rising at approximately 15% annually at top institutions, planning ahead has become essential for families who want to provide the best educational opportunities for their children.
Your savings are invested in a mix of secure, education-focused instruments that balance growth with capital preservation. We partner with leading educational institutions across Ghana to provide insights into future cost trends and scholarship opportunities.
Our Education Fund includes access to sophisticated planning tools that help you:
| Minimum Deposit | GHS 100 per month |
|---|---|
| Recommended Time Horizon | 5-15 years (depending on child's age) |
| Interest Rate | 14% per annum base rate + 1% loyalty bonus after 5 years |
| Withdrawal Terms | Free withdrawals for verified education expenses, 5% fee for other withdrawals |
| Maximum Beneficiaries | Up to 5 children per account |
| Required Documents | Valid Ghana Card or Passport, Birth certificates of beneficiaries |
As a mother of three, the Education Fund has been a lifesaver. I started saving when my first child was born, and now that she's entering secondary school, we had enough saved to cover her fees without stress. The education cost calculator was incredibly accurate in predicting how much we would need.
What I appreciate most about this fund is the education resources they provide. The scholarship notifications helped my daughter secure partial funding for her university education, which complemented our savings. The direct payment option to the university also made the process seamless.
I started this fund for my nephew after his parents passed away. The flexibility of the plan and the excellent interest rate have helped us secure his educational future. The customer service team has been incredibly supportive in helping us navigate the guardian arrangements. Highly recommended for anyone looking to invest in education.
The Education Fund can be used for a wide range of educational expenses including school fees, university tuition, boarding costs, textbooks, laptops and educational devices, school uniforms, educational trips, exam fees, and other educational materials. Any withdrawal for verified educational purposes is processed without fees.
Yes, you can add, remove, or change beneficiaries at any time. This flexibility is particularly valuable for growing families or changing circumstances. Each account can support up to 5 beneficiaries, and you can allocate specific portions of your savings to each child if desired.
If your child secures a scholarship, congratulations! You have several options for your Education Fund savings: you can reallocate the funds to another child's education, convert a portion to a regular savings or investment account, use it for additional educational expenses not covered by the scholarship, or maintain it for future educational purposes such as graduate studies.
Our education cost calculator is regularly updated with data from leading educational institutions across Ghana and incorporates historical education inflation rates. It typically has an accuracy rate of 85-90% for projections up to 5 years and 75-80% for longer projections. We recommend reviewing your education savings plan annually to adjust for changing costs and educational goals.
Absolutely! We offer a "Family Contribution" feature where multiple family members can contribute to a child's education fund. Each contributor receives their own access to view contribution history and growth, but only the primary account holder can authorize withdrawals. This makes it an ideal gift option for extended family members who want to support a child's education.
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