Here’s a bank service that can help OFW’s instill the value of savings in their kids — a kiddie savings account:

A Savings account for youngsters, it’s the first of its kind that offers free personal accident insurance coverage and dental and health benefits in one account. It requires a low opening balance of P500 and a P5,000 monthly Average Daily Balance (ADB) to earn interest and get free personal accident insurance coverage with benefits at 10x the balance up to P3 million.

Your child also enjoys free unlimited dental and health benefits for one full-year for a maintainin balance of P75,000. Plus there are year-round activities and events you and your child will learn from and have fun!

Visit the Security Bank branch nearest you or call (+632)867-6788. Website: http://www.securitybank.com/

(Excerpt from MoneySense Magazine, July-August 2007 issue)

I remember that kiddie savings account I used to have when I was …. a kid 🙂 . It was a coconut alkansya painted yellow. Thanks, Dad for that alkansiya!

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