Are you that kind of parent who teaches their children early on how to save? You may have started on cute piggy banks but now, you can bring all those coins and bills to RCBC and open a Kiddie Savings account! If you have a teen who wants to start saving on their own, there’s a Teen Savings account for them too! Both the RCBC GoSavers program will teach them further to save for a brighter financial future! All they need are their school IDs!
My 10-year old and 19-year old both have several “alkansyas” which they started, would you believe it, since pre-school! They both went to the same pre-school and same teacher taught them in starting their own piggy banks. They still save up to now but you know kids when they see something they like, they open up one piggy to be able to buy. I guess they literally took my advice of “save to be able to buy whatever you want”, lol. My fault of buying piggy banks that have holes at the bottom and can be opened easily. I’ve forgotten that they are now capable of easily opening and putting the cap back on so I wouldn’t notice hehe.
But, now that I’ve come to learn about the new RCBC GoSavers accounts and have already discussed it with them, they readily agreed on opening accounts so they won’t be tempted to spend it at a whim. I’ve already explained to them that it will be their own accounts not linked to me or dad and that they can deposit or withdraw the money when needed.
One of the most child-friendly banks that parents can trust in helping shape their kids to become smart young investors is RCBC with its new GoSavers Kiddie and Teen Savings Account. It comes with its own debit card and passbook that will assist children in tracking their hard-earned savings. It is also the first start-up savings account in the country that offers a comprehensive insurance package for both parents and the child.
With only a minimum initial deposit of P100, parents can already open a GoSavers account for their child. To qualify for the free Sun Life Grepa insurance, the account holder must make an initial deposit or maintain a 6-month average daily balance of at least P10,000. It promises lifelong protection for the family with its life insurance for the parents and personal accident and accident medical reimbursement for the child.
“Our goal has always been financial inclusion for all Filipinos and part of that is educating children on how to save and manage their own finances,” said Emmanuel Valdes, Senior Vice President and Head of Deposit Products and Promotions Division. “We want to create a savings-conscious generation where we can enable and show them how to intelligently and consistently grow their money for their own future.”
With the RCBC GoSavers, parents can enjoy the guarantee of a secured financial future and safety for their kids. It is open to children 21 years old and below and they can either apply online through www.rcbc.com/Personal/GoSavers or drop by at any RCBC branch nationwide.