Stanbic sets up saving account for children
Tuesday, November 04, 2008
The bank shall deposit P50, 000 per annum into the account, which shall bear interest in terms of normal bank rates for similar accounts. Each child shall be entitled to a life start up amount of P5, 000.00 or such other amount as may be subsequently determined by the bank and SOS. The amount will also be free of any bank charges.
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...