Kids savings account

Sayang po kasi yung interest. P20k ang maintaining balance tapos very minimal interest pa. Then bawal magwithdraw until mag-18yo si lo. so in case of emergency na kahit para kay lo, hindi rin magagamit. Buti na lng at naiclose ko without issue since 2yo pa lang naman si lo. Yung sa MP2, although sa akin nakapangalan, strictly pera lang ni lo ang nandun, and pati dividends sa kanya rin naman ☺️ When he's already of valid age, itransfer ko na under his name yung funds. I have my own MP2 acct, then one for my child. Nagcompute kasi ako kahit na sa existing stocks acct ko (colfinancial), mas ok na rin yung 6-7% annual dividend ng mp2 since low risk, passive investor lang naman ako. Even kasi nung nag-inquire ako sa insurance financial adviser ko, asking for a VUL proposal as an educ plan alternative (mahal kasi ng educ insurance 🙈), he suggested that mp2 is a better option for me considering may traditional insurance na rin naman si lo.