I've always wanted to open an account in a bank very close to my home for the kids so that they can experience walking to the bank (perhaps taking their piggy banks with them?) and learn the powerful tool of restriction or saving. Lo and behold, there is a Security Bank right next to our street, a mere 5 minute walk from our home!
I took the opportunity to take both kiddos to the neighborhood branch today to open their Jr. One accounts. This is Security Bank's saving product for kids 18 years and below. What I find really super is that their interest rate is higher than that of a regular savings account with an opening AND maintaining balance of only Php100. Awesome, right?
I loved the fact that there were no lines (must be my lucky day!) and we were attended to right away by a branch officer. I just showed our valid government IDs (in my case, I used our passports) and the officer did all the filling up of forms and within minutes, my little ones were given their first savings passbooks! I cannot wait to encourage my kids to save the money given to them by relatives, even small change like coins do add up!
"It's not how much you earn, but how much you save!"
Parents interested in the Smart Saver Kiddie Camp or want to open a Jr. One account for their kids may visit any Security Bank branch or log on to www.securitybank.com. You can also call the Security Bank Hoteline (02) 8879188.