GRILLED TOMATOES

When we opened a savings account for the girls 5 years ago, we picked the bank that we usually go to. Luckily we were able to choose the one that came with many benefits and additional perks. Nowadays, many banking institutions offer so much more as they compete with one another to get more customers. While my hubby and I also look at which bank offer higher interest rates, the proximity and the queue, there are other things that you may also want to think about when availing banking services for your child. Minimum Investment  How much money you would like to put in is one of the first things you need to ask yourself. You may go for the minimum or you may take the minimum investment to earn interest.  Bank of Commerce for example, only takes Php200 to open a bank account, but you have to have Php10,000 to earn interest monthly. Banks may ask for zero to Php2,000 as initial deposit to open one. PSBank offers an account for kids and teens for zero invest...

BPI Jumpstart Account Cards for Kids We have a new baby in the family and since then we're going about looking for banking services for children. We managed to get some information off the internet (yes, it's still best to visit or call the bank of your choice to get more details) and from friends and family who work in banking institutions.  Below is a summary of the popular banks here in Manila that offer such services for the young ones aged 0 to 18 years old. You may want to click on the picture to ZOOM in. Also, check this article about the things you may want to consider before opening a bank account by clicking here . Bank Accounts for Children *Not affiliated with any banking institution.

Our twins are turning five this year and  they are starting to have a small understanding of spending and saving. They are still very young and we are doing our best to teach them how to spend wisely and save for the future. And it gets frustrating sometimes when all the coins they saved up are spent on ice cream cones and sundaes. Hehe. They’re off to a big school this year and we’re thinking of giving them their daily or weekly allowance and explain to them how to save properly and introduce them to the money jar technique.  One jar in particular will be called the “Future” and the money that goes in there will be deposited to the bank. After the kids were born we checked several banks in the area and found a proper one suited for us. Our big banks in the Philippines have savings account for minors, 18 years old and below, and they ask for the usual requirements which are 1 valid government issued ID plus the initial deposit. But to give you heads up they might ask for ...