Today parents teaches their kids how to save money and be financially independent when they grow up. The first step is that they teach them how to save money and store their savings in their own piggy bank, then they let them know how to do budgeting so that they can use their own money and spend it wisely.
Then next step is to teach the kids how to open a bank account, having their own savings account. kids can learn independence and responsibility in managing their finances early in life. Likewise, it helps them grow and mature to become financially savvy individuals.
We know that banks do have savings account for kids, but with RCBC, they've launched that kids can also be covered with life insurance when they open their bank account with the RCBC GoSavers Kiddie and Teen Savings Account.
The next step is to let them learn to save money and also be insured and secured their future.
RCBC with its new GoSavers Kiddie and Teen Savings Account 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, 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.”
- Emmanuel Valdes, Senior Vice President and Head of Deposit Products and Promotions Division.
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.
