Bangkok--17 Feb--Bangkok Bank
Bangkok Bank is helping parents teach their children the benefits of saving with the introduction of the Sinmathaya Subthawee-Bualuang Kids account, a deposit account for children aged up to 14 years.
Account owners select an amount between Baht 500-25,000 to deposit every month for 24 months. The account offers an interest rate of 2.50 percent per annum with no tax on interest earned, which is higher than the current interest rate of 1.75% offered on one-year fixed deposit accounts.
Bangkok Bank Executive Vice President Ruchanee Nopmuang said “Bangkok Bank created the Sinmathaya Subthawee-Bualuang Kids account to help parents safeguard their child’s financial future and set a good example for them through regular, disciplined saving.”
“People who consistently make deposits each month for two years will enjoy a higher interest rate than with other types of accounts. At the end of the term, the child who owns the account will have a lump sum of savings and won’t have to pay tax on any interest earned,” Mrs. Ruchanee said.
In conjunction with the new launch, Bangkok Bank has also introduced a new deposit passbook, especially-designed for children and teenagers. Customers who open a Sinmathaya Subthawee-Bualuang Kids account at any Bangkok Bank branch nationwide will receive an imagination bag containing a notebook and art materials. For more information, contact Bualuang Phone 1333, or visit www.bangkokbank.com .