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Welcome Savings

Amount Interest rate
P1 ~ P499,999.99 1.50% p.a
P500,000 ~ P999,999.99 1.75% p.a
P1,000,000 above 2.00% p.a

Fees and Charges

  • Minimum Initial Deposit - Waived/Nil
  • Required ADB - Waived/Nil
  • Early Account Closure - P300.00
  • Falling below minimum balance - Waived
  • Account dormancy fee monthly - P30.00
  • Withholding tax for interest earned - 20%
  • Manager's Check (MC) Application - P50.00

Conditions

  • Early Account Closure fee will be collected if account is closed within 30 days from account opening.
  • Falling below minimum balance fee will be collected if account falls below the required minimum monthly ADB for at least two(2) consecutive months.
  • Account dormancy fee will be collected if account is dormant and falls below the minimum monthly ADB

A Savings account is dormant if it has no client-initiated activity for two (2) year.

Collection will start five (5) years after the last client-initiated activity date.

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