Bank Account ni Baby.

[aquacharly]

ako naman yung savings account ng baby ko sa Metrobank.  it's called Fun Savers and meron siyang kasamang insurance. insured ang isa sa parents tapos yung baby ang beneficiary.  it's also an ITF account.  yung amount ng insurance depends on the amount of savings in the account.

aside from that, my mom got him a trust fund also with Metrobank

Yes, this seems to be the better package for kids -- Metrobank.  BUT, because of the financial US fall-out -- if I were you, I would be cautious about dealing with this bank muna.  Baka malaki downside with investment banks that went bankrupt.  Let the "fall-out" settle down a bit. 

In the meantime,  be disciplined about putting aside each month a specific amount for your kid's future -- whether this is put in a simple S/A or later on, a fixed-deposit Trust Fund.  That is the important issue -- saving consistently for the child's future needs.  It is never too early to start.

[michico]

Yes, this seems to be the better package for kids -- Metrobank.  BUT, because of the financial US fall-out -- if I were you, I would be cautious about dealing with this bank muna.  Baka malaki downside with investment banks that went bankrupt.  Let the "fall-out" settle down a bit. 

In the meantime,  be disciplined about putting aside each month a specific amount for your kid's future -- whether this is put in a simple S/A or later on, a fixed-deposit Trust Fund.  That is the important issue -- saving consistently for the child's future needs.  It is never too early to start.

thanks for the tip sis aqua!  yup, that's what we do. we make it a point to put something in my baby's account every month, tapos all his monetary gifts are placed there as well.

kainis lang talaga kasi dito sa pilipinas, ang liit sobra ng coverage ng pdic! 

[fabbkr2]

LIRA - madali lang ba mag apply pag TD? magkano ba ang bayad? tapos monthly ang interest ba? hindi ba ito katulad sa savings account na may maintaining balance? sensya na dami kong tanong

plan ko kasi ganon gawin kay TJ sa lahat ng makukuha niya sa Christmas saka para makapag hulog din kami monthly for his education

Thanks sis

kat, 2 valid ID's lang saka maintaining balance na 20k yung TD sa BPI alam ko...saka di na kasi ko nagbigay ng mga docs kasi papa ko naman mag-aapprove! hihi! Ang alam ko yung Landbank meron silang inooffer na TD na 10k lang ang maintaining bal tas pwede ka pa mag withdraw na di nababawasan ng doc stamps until 3 withdrawals/month...

[jhogsHONEY]

^thanks Lira

nag inquire din ako sa BDO kanina sa cubao. 10k ang maintaining balance nila..hindi ako gaano nakapagtanong kasi may ibang customers and nagmamadali ako..siguro sa sunday nalang sa megamall magtatanong ako ulit

[cocoysmom]

we opened time deposit sa bdo for my son...liit din interest pero at least meron. we started it when he was born tapos consistently we put the monetary gifts for him dun. separate pa yung pang-education nya in the future. sabi kasi better na lang ganyan kesa "ma-holdap" ng educational insurance firms. 

ok din daw i-UITF sa bdo...may alam kayo dito mga sis?

[cutebaby]

Have you opened a bank account for your baby?  Which type?

We've long planned of opening one for our little Asher kaso di namin alam kung san magandang bank or which type of account ang ioopen for him.

Which bank ba yung merong tipong kiddie savings account? Or for babies, trust fund lang ba talaga? or nakapangalan pa rin sa inyo solely?

try mo sa metrobank sis, meron silang fun savers club.. don ko inopen panganay ko.. cute yong passbook eh,,, hehe na attract ako sa passbook nila..:-)

[cherslim1115]

kakatakot ang mga nag ooffer ng high interest kc very risky.i think risky rin ang uitf.dati nag place kami sa money market ng bdo.but tinanggal din namin.kc sabi ng teller buti daw tinanggal namin.mga iba nag deposit ng P100k,bumalik sa kanila P90k.kc di mo kung tataas o bababa yun units.mas safe kung mag time deposit ka nalang.kahit 2.25%, safe naman money mo

[fashionista_guru]

Just availed of BPI's dollar time deposit for my baby. And also life insurance nga pala, just in case something happens (knock on wood). 

[daruelle]

BDO Junior savers for my 10 year old and my 6 month old sons.  ITF sa 6 months old, while may ATM naman si Kuya, he can withdraw his money on his own na

[Joycy]

We don't have kids yet.  Pero when we got, we opened a time deposit account para sana for our future baby. Kaso, wala pa. Now, magagamit na yong account next year for my IVF in Singapore!!! 

[cutebaby]

Mia din yun yung plan namin for her Metrobank Fun Savers Club. Lahat ng monetary gifts from her birthday, Christmas, at pag napagtripan lang siyang bigyan, dun namin nilalagay. It will serve as her educational fund as well.

correct ka sis, risky kase sa mga education plan mag invest ngayon eh... ako din kaka open ko lang ng account for my 2.5 years old daughter... like you lahat ng monetary gifts doon ko nilalagay...

[spnliz]

hi!  for savings account, which is much better ba the metro bank kiddie savings or the BDO junior savings?  When I browsed kasi parang mas maraming discounted establishment sa metrobank and may welcome gift.  Wala kasi ako much details nakita sfor the BDO.  Thanks.

Also ano requirements, aside from birth certificate and P500?  2 valid IDs ko rin ba?  Thanks, pasensya na marami tanong 

[jhogsHONEY]

BDO Junior savers for my 10 year old and my 6 month old sons.  ITF sa 6 months old, while may ATM naman si Kuya, he can withdraw his money on his own na

Ate ano ba yung sa ITF? educate mo naman ako

balak ko TD sa BDO kasi accessible sila kahit saan esp weekends

maganda ba yung Junior Savers nila? anong benefits ek ek?

thanks ate

[anne_imsointopink]

sis [textspeak!] maganda bdo metro?

[pinkcoyote]

i tried applying for the metrobank fun savers kaso when i went there, they were asking for baranggay certificate pa. kaya tinamad na ko mag-apply. maganda sana nga kasi sabi nyo may insurance pang kasama for the account holder.

siguro ill try the BDO junior savings account na lang.

[joden]

regarding BDO's JUNIOR SAVERS CLUB:

The Junior Savers Club (JSC) is a Savings Account for kids up to 12 years old. The JSC comes with a specially designed passbook and an ATM Card for kids 7 years old and above; kids below 7 years old will get an ID/Discount Card. 

FEATURES                       
     2.1 Initial deposit requirement        P 500.00               
     2.2  Minimum balance requirement        P 100.00               
     2.3  Min. amount to earn interest        P 500.00               
     2.4  Statement                        Passbook
     2.5  Interest credited and
            compounded monthly                0.75%

ELIGIBILITY AND DOCUMNETARY REQUIREMENT
    5.1  From 0 - below 7 years old
           >   At least any two (2) valid IDs of parent/legal guardian
           >   1 x 1 ID picture of parent/legal guardian AND child
           >   Birth certificate of child
    5.2  From 7 - 12 years old
           >   School ID and registration card for the current year
           >   1 x 1 ID picture of child
    5.3  Certificate of Guardianship if 'By Acct' opened is under the name of the
           child's guardian and not the parent       

HTH sa mga nagtatanong nating mga sis.. 

[jhogsHONEY]

^wow a big help sis! thanks

[spnliz]

^^thank you, thank you sobra 

[cyelo1]

i had my daughters get an account at BDO junior savers club.
Kaso yung youngest daughter ko (1 1/2 yr old) hanggang ngayon di pa rin nabibigyan ng mga discount coupons. Sayang din yun kasi SM dept. stores din yun, so kukulitin ko talaga yung staff don para mabigyan na kmi.

[gorgeous_mommie]

ive asked kanina sa bdo sm muntinlupa.. re sa coupons or freebies when opening an acct sa kanila ..isang malutong na WALA ang sagot eh.