Product Definition : A special savings account that comes with a tiered-pricing scheme offering clients higher earnings as their balances grows. The account is evidenced by a passbook and comes with an optional ATM card for individual clients.
Product Benefits :
Affordable
Accessible – can withdraw & deposit anytime
Guaranteed Earnings
No documentary stamps tax
Insured with PDIC up to P 250,000.00
Product Features:
Minimum Initial Deposit:
P 50,000.00
Maintaining ADB:
P 50,000.00
Interest Earning Balance:
P 50,000.00
Interest Rate: (Effective on January 16, 2007)
Below P50,000
P50,001 to 1,000,000
P1,000,001 above
0.00%
1.50%
1.75%
Withholding tax:
20%
Fund Access:
Over-the-counter/ATM Access/ Net Access/Mobile Access