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    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:

     

    Allied Bank - PNB

    Banco de Oro

    Bank of Makati

    Bank of the Philippine Islands

    Citystate Savings Bank Inc.

    Development Bank of the Philippines

    Eastwest Bank

    Equicom Savings Bank

    Insular Bank

    Maybank

    Metrobank

    MVSM Bank

    Philippine Business Bank

    Philippine Savings Bank

    Planters Development Bank

    RCBC Savings Bank

    Robinsons Bank

    Security Bank Corporation

    Sterling Bank of Asia

    The Real Bank

    United Coconut Planters Bank

     

    Allied Bank - PNB

     

    Product: Star Kiddie Club

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    Age 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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