Heritage Bank tutors kids on savings

By Amaka Ifeakandu


In its efforts to expose the citizenry to financial literacy at very early age in life, Heritage Bank Plc, joined the world in celebrating the World Savings’ Day with the theme: Our Future Starts with Savings.
The World Savings Day, stresses the ingenuity of savings to economic development, which is in line with the bank’s financial literacy programme aimed at introducing its financial literacy edutainment resources to children and young persons under its BUD proposition, was held at the Nigerian Navy Secondary School, Ojo in Lagos.
The Managing Director/ Chief Executive Officer of the Bank, Ifie Sekibo, emphasized the importance of savings both modern economies and for individuals- young and old alike to attain a higher standard of life and secure the economy.
He stated that Heritage Bank’s involvement in the World Savings celebration was a demonstration of the bank’s commitment to innovation.
According to him, children are very special to us at Heritage Bank, hence we decided to celebrate today with them in a unique way that offers the opportunity to have fun and learn about bank savings.
Sekibo noted that for early positioning of children for global and local relevance, there was need to teach them on how to prioritize savings over spending, which is a valuable life lesson and one that takes time to learn.
According to him, opening a savings account for a child is one of the best ways to introduce him/her to that concept of saving at an early age.
He explained that one of the ways the bank has continued to promote savings amongst children is the introduction of “My day as a banker” which is also the Heritage Bank’s unique way of promoting financial literacy among children, which is the core of the HB Bud Savings Account, specially designed to promote savings habit among children and youths.
In line with its mission to create, preserve and transfer wealth across generations, he said Heritage Bank developed the HB Bud Savings Account to help its customers to create wealth for the children and provide them a future of financial independence.

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