Bitter Sweet Life

A collection of my life (mis) adventures on being a wife, mom, daughter, friend, and anything in between.

Showing posts with label kids savings account. Show all posts
Showing posts with label kids savings account. Show all posts

Opened a BDO Junior's Savers Club Account today!

Because of being an avid reader/member of SmartParenting (a house of  an active community of parents who seek support and information from each other through a credible and fun venue.), I came along with the kiddie saving bank account thread which give me insights to start saving for my baby's needs and for her future as well. So the eagerness of saving for my daughter led me to opened a BDO junior savings account today.

Why I chose BDO? Mainly, it's because of accessibility since there are two branches available and near at my office.

Anyway, BDO Junior's Saver Club is a passbook savings account for children who are 12 years old and younger.


Initial deposit requirement, PHP 500.00 PHP 500.00
Minimum monthly ADB requirement PHP 100.00
Minimum balance to earn interest PHP 500.00
Interest rate per annum 0.2500%

Requirements you need to prepare:
  1. Birth certificate of your baby
  2. Your baby picture
  3. 2 valid ID of parent who will open the account
  4. 1 1x1 ID oicture of the parent who will open the account
  5.  Last is the money you are going to deposit which is the most important one!
After few minutes of waiting for the teller to process my request, I got the passbook at the same day! So happy that I chose a right decision here. How about you guys, What are your ways to invest for your child's future need?