Lito offers you his Youth Saving Plan.

• 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 $140,-;
• Once a year a maximum deposit amount of $ 560,- 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 interest is based on 2% per annum*. Lito will be informing the kids regularly on several interesting savings tips and other items.

*The interest percentage is subject to modification, with due observance of article 24 of our General Conditions.

• 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