Targeting New Year's Money: Multiple Banks Launch Child-Exclusive Bank Cards

According to statistics, many financial institutions including China Guangfa Bank, Suzhou Bank, and Beijing Rural Commercial Bank have launched products and services such as children’s exclusive bank cards, parent-child account management, and children’s savings certificates. Some institutions offer three-year deposit products with interest rates up to 1.75%. In addition to choosing to put New Year’s money in the bank, many parents are also turning their attention to insurance, gold-related products, and some plan to deposit their children’s New Year’s money into fund accounts for “New Year’s money investment.”

When managing children’s New Year’s money and year-end bonuses, “steady growth” has become the core keyword for most investors, but there is a trend toward diversification in specific tool choices.