WAHM Research: PSBank Kiddie and Teen Savers Account
Like most parents, I want to teach McKenzie
thrift, perseverance, and discipline.
I am on the look out for banking
options for children where we can start saving her cash gifts and rewards.
PSBank offers the Kiddie and
Teen Savers Account.
Kiddie Savers account- for children
ages 0-12
Teen Savers account- for ages 13-18.
What’s wonderful about these bank account
types? They do not require an initial deposit or maintaining balance. Your
children can start saving using just the amount they have in their piggy banks!
And their money will earn interest regardless of their balance.
It comes with a free personal
accident insurance from Charter Ping An Insurance Corporation amounting up to
five times the monthly average daily balance or a maximum of P500,000 per
account.
The PSBank Kiddie Savers can be an
In-Trust-For (ITF) account but you can also make it a Joint OR or Joint AND account
with them or plainly an individual account for each of your children.
Details:
Minimum Maintaining Balance PhP
0.00
Daily Balance to Earn Interest Any
amount
Evidence of Deposit Passbook and
ATM Card (Issued upon request)
Interest Rate (per annum)
Rates
are subject to change without prior notice.
Please
contact any PSBank branch for the prevailing rates.
- Philippine Peso 0.5000%
- US Dollar 0.5000%
- Euro 0.2500%
Interest Crediting Monthly
For more information, head on to: http://bit.ly/PSBANK4KidsandTeens.
