Bank of Maldives (BML) has announced enhanced benefits for its Kids’ Saver accounts, increasing profit rates to 3% for MVR accounts and 3.5% for USD accounts.

In addition to these rate increases, BML has launched a new promotion offering exciting prizes for both new and existing Kids’ Saver account holders. The promotion includes:

  • Grand Prize: MVR 10,000 each for five lucky winners
  • Annual Rewards: MVR 2,500 for 20 active accounts

Aishath Noordeen, BML’s Deputy CEO and In-charge of the Bank, expressed enthusiasm about the changes: "With our enhanced rates and exciting rewards, we are encouraging savings for our future. We believe in equipping future generations with essential financial skills to save and spend wisely."

Starting today, parents can also request a free reloadable Mastercard Prepaid card with every new Kids' Saver Account. The card can be topped up and used for everyday purchases, helping children learn budgeting and responsible spending.

The new profit rates apply to both new and existing accounts, including BML’s Islamic Kids' Saver account.