HomeArticles

Metrobank underscores importance of bank accounts for Savings Consciousness Week

Featured

Metrobank underscores importance of bank accounts for Savings Consciousness Week

Financial security is one of the primary goals of every individual. Achieving that goal requires a lot of patience and hard work. Above all, to get to a place in our lives where we are comfortable in terms of our finances requires discipline in our spending and saving habits.

In celebration of Savings Consciousness Week (from June 30 to July 6, 2021), Metrobank reminds everyone that one key tool that can help with our overall financial health is a bank account where we can store and keep track of our hard-earned money. “Forming a meaningful relationship with your money, and your bank, is an important first step in every financial journey,” Metrobank said.

Under the theme "Pinagpagurang pera ay ingatan, pag-iimpok sa bangko ay simulan", the celebration hopes to encourage more people to open bank accounts. According to data from the BSP, there are more than 70 million active bank depositors in the Philippines as of the second quarter of 2020. It grew by 10.1% compared to the 64 million depositors in 2019. While this growth can also be an after-effect of the COVID-19 pandemic, when people had to rely more on online financial transactions, it does further enforce the necessity of banking in the modern world.

Having a bank account makes it easier to save, transact, and keep track of your activities, all while helping the economy because banks keep money moving.

“Apart from earning interest, having a bank account gives us access to features that allow us to manage our money better,” Metrobank said. Some of these features include the ability to send and receive payments, automatic recording and logging of transactions, automated and scheduled bill and loan payments, and many others. “Learning to use these features and how they fit into your financial plans will enable meaningful growth for your money,” Metrobank added.

To know more about what type of bank account is suitable to your needs, you may visit https://metrobank.com.ph/save/savings.