No. i think it is an ideal form of a savings account
The Summit ATM machines will teach your child invaluable banking and saving skills. Some of the names of these products are: Summit Zillionz Big Deluxe ATM Machine, Summit YOUniverse Small ATM Machine, and the Summit Zillionz ATM Savings Bank.
This savings bank does not hole much money - the smaller the coin the more it can hold. It will let you know when the bank is full. It's a great way to teach your kids how important it is to save money.
contact the treasury dept
yes for saving in a piggy bank, no for savings account
basic savings account
Piggy Bank
There are a variety of services offered by the Summit Bank, including but not limited to, checking and savings account, ATM and debit card services, loans, and financial advice.
You can buy him a piggy bank, or a wallet, or (If possible) help him create his own bank account.
According to BritishSlangs, "Piggy Bank", is actually British slang.
"My Piggy Bank" How about "my investment PORK folio"
Philippine Savings Bank (PSBank) BPI Family Savings Bank RCBC Savings Bank, Inc. Planters Development Banco Filipino Savings and Mortgage Bank Producers Savings Bank Corporation Philippine Business Bank, Inc., A Savings Bank Robinsons Savings Bank Corporation First Consolidated Bank, Inc. (A Private Dev't. Bank) Citibank Savings, Inc.
List of local thrift banksGovernment-ownedPhilippine Postal Savings BankPrivately ownedAccord Savings BankAllied Savings Bank (subsidiary of Allied Bank)Anchor Savings BankArea Development BankAsiatrust Development BankBank of CalapeBank of CebuBankOne Savings and Trust CorporationBankwiseBataan Development BankBataan Savings and Loan BankBPI Direct Savings Bank (subsidiary of Bank of the Philippine Islands)BPI Family Savings Bank (subsidiary of Bank of the Philippine Islands)Business and Consumers BankCentury Savings BankChinabank Savings (formerly Manila Bank; subsidiary of Chinabank)City Savings BankCitystate Savings BankCordillera Savings and Loan BankDumaguete City Development BankDungganon BankEIB Savings Bank (subsidiary of Export and Industry Bank)Equicom Savings BankExpress Savings BankFarmers Savings and Loan BankFirst Consolidated BankGSIS Family Bank (subsidiary of the Government Service Insurance System)Hiyas BankIloilo City Development BankInter-Asia Development BankISLA BankKauswagan BankLBC Bank (subsidiary of LBC Express Corporation)Legazpi Savings Bank, Inc.Lemery Savings and Loan BankLiberty Savings and Loan AssociationLife Savings BankLuzon Development BankMalasiqui Progressive Savings and Loan BankMalayan BankManilabankMerchants Savings and Loan AssociationMetro Cebu Public Savings BankMicro Enterprise BankMicrofinance Maximum Savings Bank, Inc. (MAXBANK)Northpoint Development BankOpportunity Microfinance BankOptimum Development BankOrion BankPacific Ace Savings BankPalawan Development BankPampanga Development BankPeñafrancia Savings and Loan AssociationPhilam Savings Bank (subsidiary of Philam Life)Philippine Business BankPhilippine Savings Bank (Metrobank Group)Pilipinas Savings BankPlanters Development BankPremiere Development Bank (to be acquired by Security Bank)Progress Savings and Loan AssociationQueen City Development BankQuezon Coconut Producers Savings and Loan BankRCBC Savings Bank (subsidiary of Rizal Commercial Banking Corporation)Robinsons Savings Bank (subsidiary of JG Summit Holdings)Sampaguita Savings and Loan AssociationSan Pablo City Development BankSandigan Savings BankSilangan Savings and Loan BankSterling Bank of AsiaThe Real BankTower Development BankUCPB Savings Bank (subsidiary of United Coconut Planters Bank)University Savings and Loan BankVillage Savings and Loan AssociationVizcaya Savings and Loan AssociationWealth Development BankWinbankWorld Partners BankList of foreign banks with thrift banking operationsCitibank (through Citibank Savings)HSBC (through HSBC Savings Bank)United Overseas Bank PhilippinesUnited Alalaybank Bank Philippines