Personal Development, Finance and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Saving money is the best gift you can give to your future self and future family.
Cebuana Lhuillier unveiled the Micro Savings which will provide Filipinos more convenient and affordable way to save money.
An interest bearing deposit product with low initial deposit and has no maintaining balance. It is owned by Cebuana Lhuillier Rural Bank and is being carried by Cebuana Lhuillier Pawnshop as its cash agent, making it similar to savings bank as they accept transactions on behalf of the bank. Cebuana Lhuillier Micro Savings is currently available in close to 2,500 branches nationwide and can be availed using 24k Plus Card.
Cebuana Lhuillier Micro Savings aims to provide easier banking access to Filipinos. The product is almost the same with any regular savings account here in the Philippines and the good thing is, it doesn’t require any maintaining balance.
Filipino citizens as young as 7 years old are qualified to open an account, which can be considered as a “kids savings” or “junior savings” account.
For more details, please see the table below.
Requirements To Open Micro Savings Account
Who Are Qualified To Open An Account?
All Filipino citizens aged at least 7 years old
List Of Accepted Government or Valid IDs
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ABOUT THE BLOGGER
Ralph "Rap" was born and raised in the Philippines. A Financial Literacy Advocate. An I.T. by Profession. An Investor. A Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). A Traveler. An Adventurous. A Mountain Hiker. A Dreamer.
Currently, working my way toward time and financial freedom.