Regular Savings
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.
Eligibility Criteria
Any person who is at least seven (7) years of age and not suffering from any legal disability may open a savings account.
Any guardian, trustee or administrator may also open a savings account for each person or estate committed to his care.
Minimum initial deposit of P100.00
Minimum deposit of P1,000.00 to earn interest
Minimum maintaining deposit balance of P100.00
Insured with Philippine Deposit Insurance Corporation (PDIC)
Funds insured up to P500,000.00
Requirements in Account Opening
For individual
Two (2) pcs. 1×1 ID picture
One (1) pc. 2×2 ID picture
One (1) photo-bearing valid ID
For Organization/Corporation
Two (2) 1×1 ID picture of each signatory
One (1) 2×2 ID picture of each signatory
Two (2) photo-bearing valid IDs of each signatory
Secretary Certificate (notarized)
Article of incorporation and by-laws
SEC registration
Business permit
Basic Deposit Account
Basic Deposit Account
Provides financial access to communities giving these “unbanked” individual accesses to a formal banking system educating them on savings & investments.
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; if student we allow minimum of P50.00
Basic Qualification Requirements:
At least 1 valid ID
Latest 2 copies of 2x2 or 1x1 pictures
Clients MUST UNDERGO THE FINANCIAL LITERACY LECTURES conducted by the bank.
Time Deposit
Regular Time Deposit Account
Time Deposits represent interest-bearing deposits with specific maturity dates and evidenced by Certificate of Time Deposit issued by the Bank.
It is an investment with optional term and a predetermined maturity which offers a higher interest maximizing client’s return of investment.
Earns higher interest compared with regular savings account
With certificate of time deposit
Interest is subject to the 20% withholding tax
Minimum Investment Amount: P10,000.00
Maximum Investment Amount: P10,000,000.00
Term: 30 days – 360 days
Requirements in Account Opening
For individual /joint accounts
Two 2×2 I.D picture
1 valid Identification card
For Corporate accounts
Articles of Incorporation
SEC registration
Notarized BOD Resolution
2×2 pictures
Valid Identification cards
High Five Time Deposit
High Five Time Deposit Account
A non-taxable 5 years Investment which offers a higher interest return with tax refund credited at the end of term giving client better earning over a long period of time.
Minimum Investment Amount: P100,000.00
Maximum Investment Amount: P3,000,000.00 and above
Term: 5 years
Requirements in Opening Account
For individual /joint accounts
Two 2×2 I.D picture
1 valid Identification card
For Corporate accounts
Articles of Incorporation
SEC registration
Notarized BOD Resolution
2×2 pictures
Valid Identification cards
Student Saver's Account
A deposit product offered to children, kids and young teens aging 0-16 years instilling the value of having a savings at very early stage allocating and establishing fund sources for future needs and expenses.
Minimum Deposit Account: P20.00 monthly average daily balance of P500.00 to earn interest.
Basic Qualification Requirements:
· At least 1 valid ID
· Latest 2 copies of 2x2 or 1x1 pictures
IMPORTANT NOTE:
For Ages 0-6 years old MUST BE opened as ITF accounts wherein parents or guardians are the one signing transactions.
Once the account is opened as an ITF account, the Trustee and the beneficiary shall INDIVIDUALLY comply with the SAME BASIC QUALIFICATION REQUIREMENT.
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 transactions provided he/she is still guided by the parent or the guardian.