TURN SMALL savings into building blocks for your child’s bright future today. With BDO Junior Savers Account, you can begin teaching your child from a young age the value of saving with their very own account.
“When we ring in the new year, it’s natural to make resolutions for better health or better work-life balance, and even better finances. BDO is ready to welcome clients who want to plan their savings 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,” said Cora A. Mallillin, group head and EVP for BDO Branch Banking Group.
The country’s leading bank lists Junior Savers as one of its most popular saving products. With as little as P100, a parent or a guardian can open an account and lay the foundation for the 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 designed for kids up to 12 years old, the stage in life when he/she develops the most. Studies have shown that when parents and guardians take this time to teach children how to save, you will set them up for lifelong financial success.
For overseas Filipino worker Precylyn Castro, BDO is a lifelong bank partner for her savings and remittance needs. She decided to also open a Junior Savers account for her only daughter, Hestia Reylyn.
“I’m saving for myself and for my family as well. Just in case lang, it’s better na kung anuman ang mangyari sa akin, at least meron siyang sariling pera na in the future magagamit po niya. Para sa kanya iyon, pang school, just in case,” shares Castro.
She welcomes BDO’s well-designed products as well as the security it affords her as a client of a trusted financial institution. When she sends money home, she is grateful for the fast and easy remittance. For her personal savings, she uses digital platforms for hassle-free transactions. When possible, she visits the branch with her passbook to stay on top of her finances. She is excited about what the future holds for her daughter with her own Junior Savers account.
According to Mallillin, another well-loved feature by Junior Savers account holders is the automatic funding. “Parents and guardians can take an active role through a service we offer which allows them to schedule regular transfers to their child’s account. This can be done through BDO Online with Send Money or Easy Saver at the branch. The automated funding shows the family’s strong commitment to saving for their child’s future.”
