Bank adventure day with Mom. Junior Saver Lyle stops by his favorite branch to update his passbook and watch his savings grow big and strong.
“Saving is fun and easy because Mom made me a Junior Saver,” says 9-year-old Lyle, who has always treated saving as a big adventure. Mommy Nina opened a BDO Junior Savers account for him soon after he was born, the first step in Lyle’s savings journey.
“From his baby shower and his baptism, we received cash gifts for Lyle. I wanted to open an account for him and put all that money in his name. When I approached BDO, I was happy to learn they have exactly the type of savings account I was looking for,” shares his mom.
Open an account with just P100
Like Mommy Nina, you can open a BDO Junior Savers for your child with only P100 as initial deposit and maintaining balance. That’s all you need to get started. Once the balance reaches P2,000, it begins to earn interest.
Junior Savers is for children from birth to 12 years old. This peso account comes with a passbook—making it easy and exciting to see their savings grow.
“If I get birthday money, I’ll add it to my account,” says Lyle. Each new deposit is another step closer to his P1,000 monthly savings goal, especially when Mommy Nina helps by matching what he saves.
A family that saves together
Lyle’s family is happy to encourage his positive saving habits. Their relatives here and abroad gift Lyle with deposits straight to his bank account. “That’s how most of them sent gifts to Lyle during the pandemic,” recalls Mommy Nina. “He gets thrilled each time, and it’s heartwarming to see him embrace the habit of saving early.”
They recently welcomed a new family member, baby Simi, and Mommy Nina already opened a Junior Savers account for her. Lyle is excited that his little sister will soon go on the same fun journey of saving. “When you deposit money with BDO, it will surely get bigger from earning interest,” he eagerly shares.
Good habits start early. Caloy and Nina Labayen are happy they opened Junior Savers accounts for their children, Lyle and Simi.
“It’s always refreshing to hear stories of parents and children discovering how easy and exciting it is to save with Junior Savers,” says Cora A. Mallillin, Executive Vice President and Branch Banking Group Head. “At BDO, we’re committed to finding ways to make banking simple, easy and fun for customers of all ages.”
To learn more or open an account, visit the BDO Junior Savers page or drop by the branch nearest you.
