Photo by Chris Potter via flickr creative commons
“Banking on your Future", is a program launched by the Banko Sentral ng Pilipinas (BSP) for students as young as Grade 1. The objective is to educate the youth on the benefits of saving and to create a finance-conscious generation. The project is in partnership with Philippine financial institutions and associations as well as the Department of Education (DepEd).
Teach your child to save his aguinaldo and plan for bigger things ahead. Instilling the habit of saving and thriftiness in your child will make him a prudent, money-wise and responsible adult. Start them young on the basics of economics and open an account for them today for as low as P100.
Related stories:
• 3 Ways to Teach your Kids How to Save
• Easy, clever ways to teach your kids the value of your hard-earned peso
Here are local financial institutions to help you get started:
Bank of the Philippine Islands
Development Bank of the Philippines
Allied Bank - PNB
Product: Star Kiddie Club
ADVERTISEMENT - CONTINUE READING BELOWAge requirement: 12 years old and below
Initial Deposit: P100
Maintaining Balance: P1,000
Minimum ADB (average daily balance) to earn interest: Php 1,000.00
Interest rate: 0.25%
Privileges/perks: Specially designed passbook
Requirements:
• School ID
• Birth certificate
• Two (2) valid IDs of parent or guardian
• Two (2) pieces 1x1 ID photo
Head office: Pres. Diosdado Macapagal Boulevard, Pasay City
List of PNB-Allied Branches: www.pnb.com.ph/index.php
Website: www.pnb.com.ph
Contact number: (02)816-5575 (24/7 PNB customer service)
E-mail: customercare@pnb.com.ph
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