Personal Development, Business, Finance, and Investing for Everyone
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Turn little deposits into foundations for your child's bright future now. With the BDO Junior Savers Account, you can educate your kid on the importance of saving from an early age. “When we ring in the New Year, it’s natural to make resolutions for better health, or better work life balance, even better finances. BDO is ready to welcome clients who want to plan their saving and spending for the coming year. We have a spectrum of products and services for clients at every life stage, and our trained branch officers and staff are always ready to engage with our customers,” says Cora A. Mallillin, Group Head and EVP for BDO Branch Banking Group.
BDO Unibank, the country's leading bank, listed Junior Savers as one of its most popular savings products. With as little as P100, a parent or guardian can open an account and build the groundwork for their child's financial future. “We made the product very affordable. The maintaining balance is only P100, and they can start earning interest when the funds reach P2,000 or higher,” explains Mallillin. One can choose to open the account in the child’s name or in the parent’s name. On account opening, the child will receive a specially designed passbook and a debit card. “With BDO’s wide branch network, parents and their children have easy access to their account, via passbook or ATM, plus round the clock digital access too, with our online channels and mobile app.” Junior Savers is intended for children aged six to twelve, when they are at their most developmentally advanced. According to studies, when parents and guardians take the time to educate their children on how to save, they will set them up for long-term financial success.
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