Is a regular passbook-evidenced and interest-bearing deposit product that has a fixed interest rate and can be withdrawn anytime. Interest rate shall be reviewed periodically and is subject to change considering changes in market rates.
Interest per Annum
0.5% per annum, compound quarterly
Criteria:
a. Customers who are willing to provide all necessary information and documents.
| Acceptable Valid ID’s | |
|---|---|
| a) PhilID or ePhilID from the PhilSys |
|
| b) Other identification documents with picture issued by the Government of the Republic of the Philippines |
|
| 1. Passport | 10. OFW e-Card |
| 2. Driver’s License | 11. Alien Certificate of Registration (ACR) |
| 3. PRC ID | 12. Seaman’s Book |
| 4. NBI Clearance | 13. GOCC ID i.e. AFP ID, HDMF ID |
| 5. Police Clearance | 14. PWD ID issued by the National Council on Disability Affairs |
| 6. Voter’s ID | 15. Integrated Bar of the Philippines (IBP) ID |
| 7. Postal ID | 16. PhilHealth ID |
| 8. Senior Citizen Card | 17. Unified Muti-Purpose ID (UMID) |
| 9. OWWA ID | |
| c) Other identification documents that can be verified using reliable, independent source documents, data or information. |
|
IDs should be:
- ✓ Clear
- ✓ Un-expired (for IDs with expiration date)
- ✓ Bears photograph and with signature of the individual-owner
- ✓ Signed by an official authority and whose authenticity may be verified with said agencies/instrumentalities
- ✓ Free from alterations
- ✓ Preferably bears the security features or seal (if applicable) provided by the issuing agencies/instrumentalities that will prevent tampering of the ID.
Initial Deposit and Maintaining Balances
| Required Initial Deposit - Individual/ Joint Savings Account | P 500.00 |
| Required Initial Deposit - Partnership/ Associations/ Corporate Savings | P 5,000.00 |
| Minimum Maintaining Balance - Individual/ Joint Savings Account | P 1,000.00 |
| Minimum Maintaining Balance - Partnership/ Associations/ Corporate Savings | P 5,000.00 |
Fees and Charges
| Below minimum balance - Individual | P 50.00 |
| Below minimum balance - Corporate | P 150.00 |
| Passbook replacement (for lost passbooks only) | P 100.00 |
| Inter-branch withdrawal | P 100.00 |
| Inter-branch deposit | P 100.00 |
| Closure of account (voluntary closure or closing of account within 180 days from Account Opening) | P 100.00 |
| Bank Certification | P 100.00 |
| Statement of Account Request Fee | P 10.00/page |
