It is often said that when you start saving is more important than how much you save. The power of compound interest does the trick. Wouldn’t it be great then if you can teach your children to save as early as possible? If they can learn to handle their money while they are still young?

Parents may then want to consider encouraging their teens and pre-teens to open a BPI Jumpstart Savings Account. For as low as P500, you can open an interest-earning account for your kids. This will teach them the habit of saving regularly, budgeting their expenses, among other things.

You can visit any BPI or BPI Family Savings Bank branch to inquire. You can also look for BPI Express Banking Centers in the malls, which are open beyond regular banking hours and on weekends.