A peso savings account for individuals.
Minimum Initial Deposit | ₱500 | |
Required Minimum Average Daily Balance (ADB) Note: Accounts falling below ADB requirement for two (2) consecutive month-end and every month-end thereafter. Monthly collection to start at the end of the second month | ₱500 | |
Interest Rate (per annum) | 0.05% Note: Effective on 1 August 2020 | |
Required Daily Balance to Earn Interest | ₱2,000 | |
Monthly Service Charge Below Minimum ADB Note: Accounts falling below ADB requirement for two (2) consecutive month-end and every month-end thereafter. Monthly collection to start at the end of the second month | ₱200 | |
Monthly Dormancy Fee Note: Accounts with no depositor-initiated financial transaction for 1 year for Demand Deposit Accounts and 2 years for Savings Deposit Account and which fall below the required ADB. Monthly collection to start on the 5th year reckoned from the date of last financial transaction. | ₱30 | |
Fee if closed within 30 calendar days from date of opening | ₱300 |