An interest-bearing deposit. It is evidenced by a passbook and can be drawn anytime within the banking hours. Withdrawal can be made upon presentation of a properly accomplished withdrawal slip together with the corresponding passbook.
Ordinary Savings Account - It is an easy access deposit account which gives leverage to clients for a quick demand for their deposit which client may use for any immediate needs.
Eligibility Criteria
Opening amount to all savings product is at P100.00 only.
Maintaining deposit balance of P2,000.00 on all Savings Deposit Products.
Insured with Philippine Deposit Insurance Corporation (PDIC)
Funds insured up to P1,000,000.00
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
Guidelines:
1. Interest Rate set at .15% per annum if account reaches P2,000 monthly average daily balance
2. Interest for Savings Account shall be credited on the depositor’s account quarterly but its interest shall be booked as ACCRUED INTEREST on a MONTHLY BASIS.
3. A Passbook shall be issued. It shall be free of charge if:
New Account Opened
It is already Filed up
4. For Passbook/CTD which has been declare lost by the client due to valid reasons, the depositor is required to:
Personally, Appear in the Bank or to a Bank Officer (BM or Cashier).
NONE PERSONAL APPERANCE IS NOT ALLOWED TO BE ISSUED A NEW PASSBOOK.
5. Fee of P100 for issuance of NEW PASSBOOK / CERTIFIED TRUE COPY OF CTD
Basic Deposit Account - It provides financial access to communities giving these “unbanked” individual access to a formal banking system educating them on savings & investments.
It provides a Financial Literacy Education which will orient client’s members of 4P’s Program, Farmers Associations, cooperative members with their respective family members instilling them the knowledge and value of money, savings and investments.
Minimum Deposit Amount: P100.00.
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
Guidelines:
1. No Dormancy Charges if the accounts become dormant beyond 2 yrs
2. In case the account reaches the Average Daily Balance of P50,000 or above to be computed every after end of the month the account shall be transferred to Regular Savings Deposit Product and shall be subject to 3% legal reserved requirement.
4. Set opening amount must not be beyond P100.00
Time Deposit Account - It is an investment with optional term and a predetermined maturity which offers a higher interest maximizing client’s return of investment.
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
Guidelines:
1. Interest for CTD shall be credited upon maturity but shall be booked as ACCRUED INTEREST on a MONTHLY BASIS.
2. A Certificate of Time Deposit shall be issued.
3. Clients with cumulative amount of CTD of P5,000,000.00 the client must be informed that he/she MUST GIVE A 30 DAYS NOTICE in case of NONE RENEWAL or Pre-termination of CTD.
4. An INVESTMENT FORM must be duly filled-in as an agreement and computation of applicable interest or term of investment. (1 copy attached to file and 1 given as client’s copy)
High Five Time Deposit Account - A non-taxable 5 years Investment which offers a quarterly net interest credited to SD account throughout the term. If pre-terminated, interest is subject to final tax based on remaining maturity.
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
A non-taxable 5 years Investment which interest is credited at maturity date and not subject to final tax. If pre-terminated, interest is subject to final tax based on remaining maturity.
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
Is a deposit product offered to children, kids and young teens aging 0 – 16 years old instilling the value of having a savings at a very early age allocating and establishing fund sources for future needs and expenses.
Qualification Requirements:
1. 2x2 or 1x1 ID Picture (2 copies)
2. 1 Valid Photo Bearing ID
3. Duly filled up bank forms
Client Information Form
Signature Specimen Card
Guidelines:
1.Interest Rate is set at .15% per annum
2.Initial Deposit or Account Opening Set Minimum of P2000
3.MONTHLY AVERAGE DAILY BALANCE of P500 to earn interest.
4.FOR AGES 0 – 6 years old MUST BE opened as ITF account wherein parents or guardians are the one signing transactions.
5.FOR AGES 7 – 16 years old the client MAY OPT to have it as an ITF or Single Depositor account where the child, kid or young adult can sign the documents on any transaction provided he/she is still guided by the parent or the guardian.