FSCC Genrates P14,340.00 Initial Savings Deposit from the Launching of Its Junior Savers Program

On July 20, 2019, FSCC launches its Junior Savers Program. The principal objective of this program is to instill in the minds of all Floral kids the value of Savings at a very young age. They are encouraged to set aside some of their daily allowances before they spend, thereby teaching them the modern way of savings with the economic equation S= Y-C where S is Savings, Y is Income being their daily allowance and C is Consumption.

A total of P14,340.00 were generated as initial deposits of 11 junior savers which they have accumulated from their piggy bank. These junior savers will be issued with passbook to monitor their savings and its interest earnings to be paid by FSCC on a monthly basis for 1% interest rate per annum. Other features of this program which is intended for all dependents of FSCC members include an initial opening of P100.00 and a minimum balance of P500.00 to earn interest based on its Average Daily Balance (ADB) which is tax free.

The launching was graced by its BOD Chairperson, Catherine B. Puckett along with BOD members Ernestine B. Lalto-og, Rebecca Cynthia B. Batong, Mary Jane B. Alcido, and Oliver B. Alcido. Also present during the said event is FSCC's General Manager, Valentina B. Abnasan. As FSCC opens and operates its Junior Savers Program, more kiddie Florals are also expected to open their savings deposit account.