Start laying the foundation for your child’s financial future today with the BDO Junior Savers Account, where as little as P100 can turn into significant savings over time. This account is designed to teach children the importance of saving from a young age, providing them with the tools and knowledge for a bright financial future.
“At the start of a new year, many people set resolutions for better health, work-life balance, and financial well-being. BDO is here to help clients plan their savings and spending for the year ahead, with a range of products and services for every life stage. Our trained branch officers and staff are always ready to assist customers,” says Cora A. Mallillin, Group Head and EVP for BDO Branch Banking Group.
Among BDO’s most popular savings products is the Junior Savers Account, a highly affordable way to start a child’s savings journey. With just P100, a parent or guardian can open the account and begin securing a financial future for their child.
“We’ve made the product accessible for all families. The maintaining balance is only P100, and your child will start earning interest once the funds reach P2,000 or more,” explains Mallillin. The account can be opened in either the child’s name or the parent’s name, and upon opening, the child will receive a specially designed passbook and debit card. “With BDO’s extensive branch network, families have easy access to their accounts—whether through the passbook, ATM, or 24/7 access via online channels and mobile apps,” Mallillin adds.
Junior Savers is tailored for children up to 12 years old, a crucial time in their development when establishing positive financial habits can lead to lifelong success. Studies have shown that teaching children to save at an early age greatly contributes to their future financial stability.
For overseas Filipino worker Precylyn Castro, BDO has been her trusted partner for savings and remittance needs. She also opened a Junior Savers account for her daughter, Hestia Reylyn, to help secure her future.
“I’m saving for myself and my family. Just in case something happens, it’s good to know she has her own savings for school or anything else she may need in the future,” shares Castro. She appreciates the convenience and security of BDO’s products, especially when sending money home. For her personal savings, she uses BDO’s digital platforms for easy transactions, and whenever possible, she visits the branch to keep track of her finances. Castro is excited about the opportunities her daughter will have with her own Junior Savers account.
Another feature that parents love is the automatic funding option. “Through this service, parents and guardians can schedule regular transfers to their child’s account. It’s easy to do via BDO Online or through Send Money or Easy Saver at the branch. This automated funding reflects a family’s commitment to saving for their child’s future,” says Mallillin.
To learn more about the BDO Junior Savers Account, visit bdo.com.ph for easy and secure online account opening, or schedule an appointment at your nearest BDO branch. Making an appointment is simple—just visit the website and select the transaction you wish to complete.
The BDO Junior Savers Account is a gift that will keep on giving, providing a strong foundation for your child’s financial future. During holidays and birthdays, encourage family and friends to contribute to your child’s account, helping to grow their savings and set them on the path to financial success.