East West Bank | Personal Banking | Savings Maximizer

Personal Banking

Statement Savings Account

Product Definition :
East West Statement Savings is an affordable, interest-bearing deposit account withdrawable upon presentation of a duly accomplished withdrawal slip. The account is evidenced by a bank statement issued to the client upon request. The account can be linked to ATM Access for individual accountholders only.

Product Benefits :
Affordable . Low balance requirement makes start up savings easier.

Earns interest . Provides opportunity to earn from your funds.

Liquidity . Funds can be withdrawn anytime.

Record-Keeping . Bank statement provided as record of transactions.

Insured with PDIC . Funds insured up to P 250,000.00

Product Features :

Minimum Initial Deposit:	P 2,000.00
Maintaining Balance:	P 2,000.00
Interest Earning Balance:	P 10,000.00
Interest Rate:	1.0% p.a.
Withholding tax:	20%
Fund Access:	Over-the-counter/ATM Access/ Net Access/Mobile Access
Transaction Record:	Statement of Account