BML to introduce savings accounts for children

Bank of Maldives (BML) has decided to introduce savings accounts for children.

The Managing Director and CEO of BML, Andrew J. Healy said that teaching children the importance of saving is the foundation for a bright future.

“Encouraging good saving values in children from an early age will provide a foundation for a brighter future for them. We will soon introduce a dedicated savings account for children to help them start their savings journey.” Mr. Healy said.

BML has announced a new competition to inspire children to save today for a brighter tomorrow.

The campaign consists of 2 parts: a poster competition, and a naming contest for the new children’s savings account that BML will soon be introducing. For the poster competition, children are encouraged to submit posters in line with the theme ‘Save for the Future’. The winning artwork will win MVR 5000 as a grand prize, and could be featured in the campaign.

All posters and names are to be uploaded to the BML website www.bankofmaldives.com.mv, and winners will be selected based on votes received. Top 5 from each category will be chosen and will also receive a prize of MVR 3000. Grand Prize winners will be selected by the Bank.