We all want to do the best for our children and setting them up financially for their future is one of the many things we consider. Setting aside a fixed amount each month or putting money away as and when we see fit can help to create a significant amount of money that will help them to buy a car, a home or finance their education. So, is it possible to open a children’s savings account in Pakistan? Yes, it is.
There are a number of banks that offer savings accounts for children such as HBL’s Moneyclub account or Young Savers Account with Bank Al Habib limited. Often, these bank accounts can remain in place until the child is 18 years old and they can give a better return on investment than normal savings accounts. This is what makes a children’s savings account so beneficial and the exact reason why it is worth opening a child’s bank account in Pakistan.
To compare all the bank accounts offered by Pakistani banks, please visit https://www.mawazna.com/compare-bank-accounts/current-accounts .