3 Recommendations For Best Children's Education Savings That Can Be Chosen By Parents

Illustration of child education savings (Photo: Pixabay/AlexBarcley)

YOGYAKARTA Every parent needs to prepare their children's savings funds, because the cost of children's education from kindergarten to college levels tends to increase. Children's savings products from banks can be an option for parents who want to prepare education funds for their children. Well, for those of you who want to start, see the recommendations for the following best child's education savings.

Best Children's Education Savings Options

The first recommendation for child education savings is Britama Plan. This is BRI's investment savings with a monthly fixed deposit equipped with life insurance protection facilities for customers.

This monthly deposit for savings starts from IDR 100,000 to IDR 5 million with a savings period of 1-20 years.

The advantage of this product is that customers can withdraw money at any time. This is different from other child savings products (TPA) which are usually only available for a certain period of time. In addition, there is an insurance facility of up to IDR 1 billion.

The requirements for making Britama Plan savings include:

The next recommendation for child education savings is Bank Mandiri's Plan Savings.

To be able to open an account, you only need to deposit at least Rp. 100,000. The period of your own savings ranges from 1 to 20 years. Next, you can deposit your monthly savings as you wish.

Through Bank Mandiri's Plan Savings, banks also provide free insurance every month worth IDR 5 million which is covered by AXA Mandiri Insurance.

The requirements to open Bank Mandiri Plan Savings include:

The last recommendation for child education savings is BCA Futures Savings. The minimum monthly deposit from this savings is IDR 500 thousand with a tenor of 1-20 years.

This savings using the autodebet system from the main account that is the source of the funds. If in three times the slashing fails, the money that has been stored in the savings will be returned to the main account.

BCA Futures Savings includes life insurance with a coverage value of up to IDR 1.5 billion.

BCA Futures Stage Requirements, namely:

This is information about the recommendations for the best child education savings that parents can choose. To get other interesting news, keep reading VOI.ID.