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Filipino Kids Have Put Away P30 Billion in Their Savings Accounts

Bangko Sentral ng Pilipinas is counting on kiddie savings accounts to augment low savings rates

When you ask a typical Filipino parent how she teaches her kids about money, she will likely say she takes her son or daughter to the bank to open a kiddie savings account. That is an excellent start.According to a report by Bloomberg, the ...

by Rachel Perez for SmartParenting.com.ph  | March 27, 2018 12:00:00
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Want to Save But Lack Money? Here's a List of Bank Accounts That Require Initial Deposits of Php500 or Less

9 of the country’s 20 largest commercial banks by assets offer easy-on-the-pocket savings account products

A survey by the Bangko Sentral ng Pilipinas in 2014 found that 86 percent of Filipino households do not own a bank account. The main reason? They don’t have enough money to open one.Some of the country’s largest banks are trying to ...

by Pauline Macaraeg  | December 19, 2017 11:00:00
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