BML boosts kids’ saver accounts with higher profits and exciting rewards!
The Bank of Maldives (BML) has announced enhancements to its Kids’ Saver accounts, increasing the profit rates to 3% for MVR accounts and 3.5% for USD accounts.
The move aims to encourage savings habits among young account holders while offering attractive financial returns.
In addition to the higher profit rates, BML introduced a new promotion offering exciting rewards for both new and existing Kids’ Saver account holders.
The promotion includes a grand prize of MVR 10,000 each for five lucky winners, along with annual rewards of MVR 2,500 for 20 active accounts.
Aishath Noordeen, Deputy CEO and In-charge of BML, highlighted the bank's commitment to fostering financial literacy among future generations.
With our enhanced rates and exciting rewards, we are encouraging savings for our future. We believe in equipping our future generations with essential financial skills to save and spend wisely
She said
BML also announced that parents opening new Kids’ Saver accounts can request a free reloadable Mastercard Prepaid card.
This card allows children to make everyday purchases, providing a practical way to teach budgeting and financial responsibility.
The new profit rates apply to both new and existing Kids’ Saver accounts, including those under BML Islamic.
Advertisement
