Thursday, July 15, 2010

Bank Account For Kids

I am planning to open a kiddie bank account for my son.

Here are some information I gathered online.

Metro Bank Fun Savers Club
The initial deposit for Fun Savers Club Peso account is P 500.00. The initial deposit for Fun Savers Club Dollar account is $100.

Banco De Oro Junior Savers Club
-account for 12 years old and below
-earn fixed interest
-available with passbook and ATM card for 7 yrs. old and above
-with special discounts at SM
The minimum initial deposit is Php 500.00

East West Bank Cool Savers Kiddie Account

-Savings deposit account for children below the ages of 0 to 18 that offers free gift items upon account opening and when the depositor’s Average Daily Balance (ADB) reaches a specific tier.
-The minimum initial deposit is P 2,000.00, Transaction Record: Passbook

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