Some of the most important lessons that parents can impart to their children are the values of thrift, discipline and perseverance. This prepares them to become the best persons that they can be when they grow up.

 

Take this opportunity to raise your children to be good savers through the PSBank Kiddie Savers and Teen Savers Accounts.

 

The PSBank Kiddie Savers Account is a savings account for children from 0-12 years old while the PSBank Teen Savers Account is for teens 13-18 years old.

 

Starting them on the road to saving is very easy. The PSBank Kiddie Savers and Teen Savers Accounts do not require an initial deposit or maintaining balance so that your children can start saving even with a small amount. Their accounts also continue to earn interest regardless of the balance.

 

Aside from enjoying the security and stability of banking with PSBank, your children are also protected through a free personal accident insurance from Charter Ping An Insurance Corporation. Your child could get insurance coverage equivalent to five times the value of his average daily balance.

 

We encourage you to open an account now with and for your children. The PSBank Kiddie Savers may be opened as an In-Trust-For (ITF) account. You also have the option of opening Joint OR or Joint AND accounts with them or an individual account for each of your children.

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Product Features

 

Minimum Maintaining Balance

PhP 0.00

Daily Balance to Earn Interest

Any amount

Evidence of Deposit

Passbook and ATM Card (Issued upon request)

Interest Rate (per annum)

Click here for the prevailing rates

Interest Crediting

Monthly

 

Please click here to view General Provisions on Deposits and Other Products and Services.

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Benefits

  • Higher insurance coverage as savings grow.
    The PSBank Kiddie Savers Account and PSBank Teen Savers Account come with a free personal accident insurance from Charter Ping An Insurance Corporation which is equivalent to five times (5x) the monthly average daily balance. This means that the child or teen is insured against accidental death or disability up to a maximum of PhP 500,000 for those who are 0-7 years old and up to an aggregate limit of PhP 5 million for those who are more than 7 years old but not more than 18 years old.  To claim the insurance, the account has to be active and should have a monthly average daily balance of at least PhP 1,000 during the time of accident.

  • Saving is easy and affordable.
    There’s no initial deposit or maintaining balance and the account earns interest regardless of the balance.

  • Easy access to funds.
    In case, you choose to open a Passbook and ATM, he / she can request for a PSBank Debit MasterCard or a regular PSBank ATM card.  He can use this to conveniently withdraw cash in any PSBank branch nationwide or through BancNet, MegaLink, and ExpressNet ATMs.

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Requirements

  • Completely filled-out bank forms

    • Application and Agreement for Deposit Accounts (AADA)

    • Customer Information and Specimen Signature Cards (CISSC)

    • Fully accomplished Application for Fund Transfer (AFT) form if parents and guardians want to avail of automatic intra-bank fund transfer service

    • Quit Claim / Waiver signed by the parent or guardian (only for PSBank Kiddie Savers and Teen Savers Accounts with PSBank Debit MasterCard)

       

  • Additional requirements for legal guardians opening an ITF account

    • A Court Order is required as proof of authority to open and operate an ITF account on behalf of the ward/s

  • Valid IDs

    • Parents / Legal Guardians

      • At least one (1) primary ID or two (2) valid secondary IDs, one of which with photo and signature

    • Child/ren or Ward/s

      • Birth Certificate issued by the NSO or Certified True Copy issued by the Local Civil Registrar

      • Passport or School ID (photo bearing duly signed by the principal or head of the school)

Note: Kids / teens from 7-17 years old should be accompanied by his parent(s) or legal guardian/s during account opening.

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Contact Information

 

You may get in touch with us through our PSBank Customer Service anytime, any day; or visit any PSBank branch near you.

 

 

Philippine Savings Bank is a proud member of
Member: PDIC.
Maximum Deposit Insurance
for Each Depositor: PhP500,000.
Copyright © 2014. Philippine Savings Bank. All rights reserved.