Equipping children with the basics on financial management paves the way for better management of funds and other resources which contributes to a positive impact on livelihoods.
This year, the 142,000 member-based Society is set to roll out its Kids Savings Account drive at selected schools within NCD and Lae which is the second-largest city.
In preparation for the roll-out, ncsl informed Gordon International School Principal, Mrs. Jennie Kaupa about introducing savings culture to children at an early age, and its benefits as a member registered to ncsl’s Kids Savings Account and the rewards as a loyal member.
The opportunity was warmly accepted by Mrs. Kaupa who didn’t hesitate in informing the visiting Team about her membership with ncsl and her appreciation of the services provided to make personal financial commitments possible.
Ncsl’s Marketing & Client Relations – Team Leader, Ms. Evelove Farapo said having a savings account at a young age is a great way to begin the savings culture as they learn to manage their own funds early in life.
KSA savings are interest-bearing accounts, and these savings also earn monthly and annual interest paid by the Society.
Regular deposits to KSA accounts are encouraged and contributions can be made via salary deduction, EFTPOS at all ncsl branches, mobile, and internet banking or directly depositing monies at commercial banks.
ncsl in support of instilling a savings culture amongst young minds as introduced by Bank of Papua New Guinea in 2014, has registered over 12,000 KSA savings accounts belonging to children from infants up to 18 years of age.
Why not make a wise choice in opening your children’s KSA account today.