Building society makes bid for young customers

(CNS): The National Building Society of Cayman is going after new business at the earliest opportunity by encouraging youngsters to start saving. The society will be launching its new junior savings products, the Student saver account aimed at school children aged 10 years and over as well as the Destiny savings account which it said is designed for college students 17 years and up, at a special family fun event this weekend. Having teamed up with other local businesses for a back to school event the society will be promoting the new accounts with prizes such as Blackberrys, “staycations”, MP3 players, back to school supplies and more, it said.

Officers of the Building Society will be on location to explain the details of these accounts to students and to open accounts on the spot for those who bring photo ID.

The family fun day on Saturday is in association with Digicel, Cost U Less, JN Money Services, Tortuga RumCo, Winners Circle, OneTreeFourFive Collection, Funky Tangs and It’s Your Party as a back to school saver at the Grand Caymanian Resort from 2.00 pm.
The event will also feature  a fashion show by OneTree FourFive Collection and Winner’s Circle, a kids fashion show by Its Your Party, Jet Skiing, BBQ specials by Blue Iguana Grill, drink specials for parents and students, compliments of Tortuga Rum Company, local entertainment,  special guest appearances and free giveaways.

The society said it was inviting parents to take advantage of the opportunity to open accounts for their children to start the savings habit early.

“The opening of an account may be the first step towards obtaining a home mortgage later in life, and in the interim, the money saved will help to secure your financial future,” the society said. “The Building Society pays the best interest rates on deposit accounts in the Cayman Islands, so your savings will definitely grow. Here is an opportunity to spend the afternoon with family, be entertained and start a savings account with National Building Society.”

The accounts will earn interest of 0.5% per annum and once the account balance grows to a certain level the account holder will be eligible for the rewards loyalty programme which guarantees special discounts from select business places.