City Savings Bank (CitySavings), the thrift subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), is intensifying its mission to champion financial inclusion and wellness for the Philippines’ public servants, which include teachers, uniformed personnel and local government unit (LGU) workers, through specialized products and capability-building programs.
The bank recently launched its Power Savings account with an introductory rate of 4 percent per annum. The account is designed to offer competitive yields while maintaining accessibility for client withdrawals and deposits.
Complementing its product offerings, CitySavings actively promotes responsible financial management through its flagship corporate social responsibility (CSR) program which is designed to educate clients on simple and practical steps for saving, investing and managing debt.
The bank holds frequent financial education sessions in schools, local government offices and off-the-grid camps for its teacher and uniformed personnel clients.
CitySavings said it has trained nearly 120,000 teaching and uniformed personnel in practical wealth management.
