Savings Account

  1. REGULAR SAVINGS ACCOUNT

Product Description:

  • Interest-bearing Savings Account, which allows deposit & withdrawals over the counter with the use of passbook .
  • Transactions can only be done via over the counter on its domicile branch and other RBA branches.
  • Uses passbook to monitor transactions.
  • Deposits are insured by PDIC up to P500,000 per depositor.
DetailsTerms
Minimum Initial Deposit1,000.00
Maintaining Balance1,000.00
Withholding Tax Rate20%
Interest Rate0.25%
Interest CreditedQuarterly
ADB Requirement5,000.00
Required ADB to Earn Interest5,000.00
Below Maintaining (ADB) ChargeP250.00 Monthly
SecurityPDIC insured up to P500,000.00

2. BASIC DEPOSIT

Product Description:

  • Interest-bearing Savings Account, which allows deposit & withdrawals(with approval from S.O/BM/A.O) over the counter with the use of passbook .
  • Transactions can only be done via over the counter on its domicile branch and other RBA branches.
  • Uses passbook to monitor transactions.
  • PDIC insured up to P500,000
DetailsTerms
Initial DepositNot more than 100
Maintaining Balance0
Withholding Tax Rate20%
Interest Rate0.25%
Interest CreditedQuarterly
ADB Requirement0
Required ADB to Earn Interest5000
Below Maintaining (ADB) ChargeN/A
SecurityPDIC insured up to P500,000.00

DEPOSITS ARE INSURED BY PDIC UP TO P500,000.00 PER DEPOSITOR