MANILA, Philippines - The Equicom Savings Bank has introduced “Kiddie Builders”, a new savings instrument for children with an initial deposit of P1,000. It will earn an interest rate of one percent a year, with a maintaining balance of P1,000 required to earn interest.
Under the program, a depositor is allowed to make a maximum of three withdrawals a month. Parents or guardians can access the “Kiddie Builders” account for children up to 13 years old.
As a special gift, those who will open an account will receive free dental benefits from the Kiddie Care Club, plus free fun blocks.