Savings / Time Deposit
Deposits are insured by PDIC up to P500,000 per depositor.
Rates:
Regular savings account: 1.5% per annum
Time deposit:
Term | Rate |
30 days to 179 days | 2.5% per annum |
180 days | 4% per annum |
Minimum requirements:
- P 1,000.00 minimum saving deposit
- P 30,000.00 minimum initial time deposit
For Individual/Joint accounts:
- 2 Valid identification card
- 1x1 or 2x2 Picture
For Corporate accounts
- 2 Valid identification card of signatories
- 1x1 or 2x2 picture of signatories
- Board resolution
- By-laws
- Articles of incorporation
- SEC registration
- General Information Sheet
- Secretary Certificate