Micro bank eyes savings for kids

Business, Normal

The National, Monday February 3rd, 2014

 PEOPLE’S Micro Bank will launch a children’s savings account this March.

Chief executive Anthony dela Cruz the bank wanted to address financial inclusion among the bigger portion of the population. 

Cruz said at the moment the children were being encouraged to open a school fee account, which is the trust account, through their parents, so they too (children) would learn how to save money.

He said that was with a minimum deposit of K10. 

Cruz said the bank was offering four types of deposits, which included regular savings account (for anytime withdrawal) and school fee account.