List of Kiddie Account For You Kids

Why open an account for your child? Its best to start while children are young because they are like wet cement, whatever falls on them makes an impression. If they are only taught to spend, they will grow up to be spenders. But if they are taught how to save, then they will grow up to be savers.

Here are the list of kiddie account you can choose from:

BANK OF THE PHILIPPINE ISLANDS(BPI)

Jumpstart Savings

Target Age: 10 to 17 years old

Required Initial Deposit: P500

Interest Rate (per annum): 0.5% for BPI, 0.625% for BPI Family Savings Bank

Added Perks: An ATM savings account that allows parents to transfer money from their account to their child's(think: automated allowance!). Children can also shop in select stores without cash, and reload their cellphones via BPI Express Teller ATMs.

BANCO DE ORO(BDO)

Junior Savers Club

Target Age: 12 years and below

Required Initial Deposit: P500

Interest Rate (per annum): 0.5%

Added Perks: Passbook and ATM card for those seven years old and above, and special discounts as SM Department Store.

Power Teens Club

Target Age: 12 to 19 years old

Required Initial Deposit: P2,000

Interest Rate (per annum): 0.5%

Added Perks: Passbook and ATM card and special discounts as SM Department Store.

METROBANK

Fun Savers Club

Target Age: 18 years and below

Required Initial Deposit: P500

Interest Rate (per annum): 0.5%

Added Perks: A 50,000 educational trust fund, free personal accident insurance, and exclusive discounts and privileges from partner establishments. It also allows others to deposit into the account using Fun Savers Club Gift Checks, as a perfect gift alternative for any occasion.

RCBC

W.I.S.E. (Wise Investors Save Early) Account

Target Age: 7 to 14 years old (For Children below 7, an In-Trust-For [ITF] account can be opened.)

Required Initial Deposit: P500 (P1,000 to avail of free insurance)

Interest Rate (per annum): 0.5% once am average daily balance of P5,000 is reached

Added Perks: Free personal accident insurance for the child and parent for one year.

DEVELOPMENT BANK OF THE PHILIPPINES

Youth Savings Account

Target Age: up to 14 years old

Required Initial Deposit: P1,000

Interest Rate (per annum): 1%

EQUICOM SAVINGS

Kiddie Builders Account

Target Age: 13 years and below

Required Initial Deposit: P1,000

Interest Rate (per annum): 1%

Added Perks: Free dental benefits from the Kiddie Care Club, plus free fun blocks

My Memorable Summer Vacation

Summer is nearing , and I can't wait to have our yearly vacation. I'm working in a school and classes will end this March, so we'll start our vacation after that. I can still remember my last summer vacation and it was a blast. We went to Bohol, and my main target was to see the Tarsier, beaches and the famous Chocolate Hills. We planned for that vacation for several months. We took a bus to Cagayan de Oro City, and from there, we then boarded a ship straight to Bohol. It was a hot sunny day when we arrived in Bohol, and then we took another ride straight to our hotel.

We started our tour the following day. We first visited some of their old churches, and they have plenty of it. One that I can't forget is the Baclayon church, the oldest coral stone church in Visayas and Mindanao. After the churches we then visited the Tarsier, they are such cute little creatures (but smelly). Tarsier handlers and caretakers warned us not to use flash on our camera because it will damage their eyesight and eventually they'll die. Don't know if it's true or not but we followed their restrictions because were good tourist, hahahaha. The next day we went to the famous Chocolate Hills. Going up the steps to the viewing pad was a breath taker (I almost lost my breath cause its too high). Upon reaching the top we then watch the beautiful and exhilarating Chocolate Hills, though its not that chocolaty to look at, but the view at the top was really nice.

The last day of our tour was spent on buying gifts and souvenir items. Although we already set aside money for the trip, we didn't anticipate that we spend too much for the souvenirs. Since we brought cash and our ATM card, we went beyond our budget and keep on withdrawing at the ATM machine. Lots of souvenir items were too beautiful to resist.

It was after the vacation we felt the burden of spending too much that we lived several months on a tight budget to recover from it. It would have been nice if we had a prepaid credit card at that time so we can control our spending. I think I'll use that on our next vacation which will be in Camiguin Island.