SecuredFuture Fund
Product Definition :
A term deposit account that provides clients the opportunity to take advantage of tax benefits as provided by law, for as long as the deposit is kept with the Bank for a minimum of five (5) years.
Product Benefits :
Guaranteed yields on investment.
Interest earnings are tax-free and documentary stamps tax is waived.
Provides added security with a FREE Personal Accident Insurance benefit of up to a maximum of P 1 Million
Covered with PDIC up to P 500,000.00
| Product Features : |
| |
| |
Fixed Monthly Payout |
Lumpsum |
| Minimum Investment Amount: |
P100,000.00 |
P50,000.00 |
| Term: |
5 years |
| Interest Rate: |
Prevailing rate fixed for the entire term |
Prevailing rate fixed for the entire term |
| Withholding tax: |
Exempted provided that the minimum 5-year term is completed |
| Interest credited: |
At the end of each month to a designated Savings or Current account |
Interest earnings shall be paid at maturity date. |
| Fund Access: |
Withdrawal Slip OTC |
| Transaction Record: |
Certificate of Time Deposit |
Pretermination Penalty:
• Withdrawn w/in 1st half
• Withdrawn w/in 2nd half
|
Early withdrawal or pre-termination of placement will be subject to the following pre-termination penalty and appropriate withholding tax and DST:
50% of total interest earned
25% of total interest earned
No partial pre-termination shall be allowed
Penalty shall be deducted from the pre-termination proceeds.
Interest earnings shall be computed by using the formula (PxRxT) divided by 365. |
Terms and Conditions
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Banking Fees and Charges 
Banking
Requirements
Effective Interest Rates as of October 2009
Changes in Check Clearing Process as
of January 2011
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To know more about EastWest Bank's SecuredFuture Fund:
Call 888-17 or
Email at service@eastwestbanker.com
Visit your nearest EastWest Bank Branch
