An international bank in Fiji has launched a product specifically designed to assist students in saving their money.
BRED Bank chief executive officer Thierry Charras-Gillot said they were passionate believers in the importance of financial education with the introduction of a new savings account called the Premium Student Saver Account.
“Our Premium Student Saver Account presents the opportunity for students to start their financial journey from an early age,” he said.
“Apart from taking advantage of the attractive features present in the product, they will have access to experienced bankers who are ready to provide advice and guidance to achieve financial goals.
“Thus, the slogan for this product: Start with BRED, Grow with BRED.” According to him they recognised the responsibility in presenting opportunities and products which would promote financial literacy from an early age.
“By doing so, we improve the chances of our children developing a sensible amount of financial management skills, and a habit of saving, which is going to help them achieve their financial goals.
“These goals commonly include the purchase of an asset; a car, family home or starting a business. He said the account was for students between the ages of 13 years and 24 years and had attractive features such as , no monthly fees to maintain the account, no fees or penalties for withdrawals, a high interest rate of 1.75 per cent per annum as well as free access to their internet banking.
“The account can be opened easily at any of our branches. Our personal bankers will be happy to assist with the process.
“We warmly welcome the students of MGM School, who are present here today to launch this product.
“The management and administration of the MGM School share the common goal of financial literacy of their students and we thank you for being part of the exciting new product.
He said BRED Bank (Fiji) had six branches in Fiji and offered attractive products and services.
“Our goal is that consumers should be able to choose the right product at the right price at the right age.
“With these efforts, we aim to deepen financial capacity which will present a far better chance of our customers succeeding in their financial goals,” said Mr Charras-Gillot.
