Press Release
For Immediate Release
June 3, 2022


Sagicor Bank incentivises savings for over 1500 children during child month

Kingston, Jamaica – More than 1500 Jamaican children will now have access to their first savings account, with opening balances of up to $3,000, after Sagicor Bank Jamaica (SBJ), engaged their parents during Child’s Month and incentivised them to introduce the habit of saving to their children from an early age. 
During the month of May, through its ongoing Star Savers initiative, Sagicor Bank feted over 1000 students at the Glendevon Primary and Infant School in Montego Bay, St James to a fun day, while their parents were invited to the school to open savings accounts for them on spot. Each student at the school received a gift certificate valued at $1000 to open their new Star Savers accounts.
The bank also treated 450 new mothers at the Victoria Jubilee Hospital in Kingston and the Mandeville Regional Hospital in Manchester to gift certificates valued at $3000 each. The mothers also received diaper bags from the financial institution.
Students from the Sagicor Foundation adopted schools also benefitted from gifts certificates from Sagicor Bank. 
Damion Hylton, Senior Vice President – Retail & Payments, Sagicor Bank noted that Sagicor continues to prioritise financial literacy and good money management habits in children, to help them secure their financial futures.
“Child’s Month is important to us at Sagicor Bank, because it is a time when greater attention is placed on the welfare of our children, and there is no better time to engage parents and caregivers about starting the healthy habit of saving in children”, Hylton said. 
Norman Brown, Chairman of the Glendevon Primary and Infant School, saluted the bank for the initiative while underscoring the importance of access to financial services in children’s educational development.
“We are very thankful to Sagicor for coming to our school and interacting with the students and their parents,” he said. “Many of us as parents and guardians traditionally shy away from banking, and are not familiar with accessing capital or investing, but we recognise that is the way forward for the next generation.”