Burgan Bank has launched the “BuBa Kids Account”, a new savings account that provides an array of benefits, and is specifically tailored for children up to 14 years of age.

The new account gives parents the opportunity to save money for their children while benefiting from a wide range of features that are associated with it, a statement from the banks said.

As an added benefit, the bank is offering the first 200 customers that enroll in the “BuBa Kids Account”, an additional KD20 ($72.48) to be deposited into their accounts. 

Two draws will also be held in February and May 2012 for BuBa account holders offering a family trip to Abu Dhabi in collaboration with Ritz Travel, and experience the excitement of Ferrari World, the statement said.

Haneen Al Rumaihi, head of marketing, Burgan Bank, said: Our new “BuBa Kids Account” aims at helping parents who want financial security for their children and want to begin financial planning for them. The new account is a rewarding one, and presents a diverse array of incentives and rewards schemes for children. It has been designed to be both fun and educational, encouraging children to save from an early age.”

“The BuBa Kids Account” is a new addition that marks a milestone in Burgan Bank’s continued efforts of providing tailored banking services to its varied customers at every stage of life,” Al Rumaihi added.

The minimum opening balance of the account begins at KD10 ($36.24), with no required minimum balance or interest earning or charges, the statement said.

Children will also be entitled to a free branded ATM Visa Electron card, which will allow them to withdraw money from any of Burgan Bank’s local branches, it said. – TradeArabia News Service