For Christine Caberte, nothing makes a mother prouder than seeing her six-year-old son so responsible with money, even at a young age.
"I've seen my son diligently save money in his piggy bank for some time, but I wanted something more secure. That's why I decided to open a BDO Junior Savers account for him," Christine explains. "With a bank, I know his money is intact and safe, unlike an alkansya that can be opened anytime."
Christine, a former overseas Filipino planning to return to work abroad, finds peace of mind knowing that when she starts sending remittances to her son's account, his savings will grow securely.
"It’s comforting to know he now has a bank account that’s his alone,” she shares. “I can send money for his daily expenses and savings separately. His Junior Savers account is safe, nobody can touch it; it’s his to grow."
Parents like Christine can easily open a Junior Savers account at any nearby branch, starting from their child's birth. As the deposit reaches P2,000, it will earn interest and Rewards Peso Points.
It comes with a passbook and when the kid turns seven, he or she will receive a Junior Savers Debit card.
BDO urged parents to take a step toward securing their children’s future by opening a bank account for them. “It’s a meaningful way to lay the foundation for teaching financial independence and responsibility,” the bank said in a statement.
Beyond a bank account, this gift plants the seeds of lifelong financial responsibility, the bank said. --Ed: CSN
