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Easy Savings Plus (ESP)


A premium savings account offered to Individual and Institutional customers with higher interest rates than a regular savings account and with no term.

Minimum Initial Requirements

Individual Institutional
P20,000 P1,000,000

Interest Rate per Annum

Individual Institutional
For P10,000 to below P20,000 - 0.05% For P20,000 and above - Tiered rates based on LANDBANK's Regular Peso TD posted rates Fixed rate - 0.50% Note: Below P1,000,000 - 0.00%

Required Minimum Monthly Average Daily Balance (ADB)

Individual Institutional
P20,000 P1,000,000

Required Daily Balance to Earn Interest

Individual Institutional
P20,000 P1,000,000

Withholding Tax on Interest

Individual Institutional
20% 20%

Documentary Stamp Tax (DST)

Individual Institutional
None None

Documentation

Individual Institutional
ESP Passbook ESP Passbook

Deposit Transactions

Individual Institutional
Unlimited fund transfer (FT) and over-the counter (OTC) Unlimited FT and OTC

Withdrawal Transactions

Individual Institutional
Unlimited FT and OTC Note for OTC: Free of charge - two (2) withdrawals per month With P100.00 fee per withdrawal in excess of two (2) withdrawals in a month Unlimited FT and OTC

Account Fees

Fee for Falling Below the Required Monthly ADB P200
Closing of Account within one month from opening date P300
Dormancy Fee Coverage - Accounts with no depositor-initiated financial transaction for two (2) years and falling below the required ADB. Collection - Monthly collection to start on the 5th year, reckoned from the date of last financial transaction. P30 per month
Passbook Replacement Fee P200 for lost and damaged passport

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Customer Care Hotline
(+632) 8-405-7000

PLDT Domestic Toll Free
1-800-10-405-7000

Email Address
customercare@landbank.com

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