Peso Savings Account |
Initial Deposit & Required Minimum Maintaining Balance |
Minimum Average Daily Balance to Earn Interest |
Interest Rate Subject to 20% WTax |
|---|---|---|---|
| Peso Savings Account ATM | PHP 2,000.00 | PHP100,000 | 0.075% |
| Peso Savings Account ATM and Passbook | PHP 10,000.00 | PHP100,000 | 0.075% |
| Payroll Savings Account ATM | PHP 100.00 | No interest | 0.000% |
SA Prime |
From PHP1,000,000.00 to PHP4,999,999.99 |
0.09375% |
|
From PHP5,000,000.00 and above |
0.1125% |
||
| Account closure within 30 days | Php 500.00 |
| Below minimum balance | Php 300.00 |
| Withholding tax per interest earned | 20% |
| Dormancy Fee | PHP 30.00 |
| DOLLAR SAVINGS ACCOUNT | PASSBOOK |
|---|---|
| Initial deposit requirement | USD 500.00 |
| Minimum monthly ADB requirement | USD 500.00 |
| Minimum balance to earn interest | USD 2,000.00 |
| Interest rate per annum | 0.075% |
| Account closure within 30 days | USD 10.00 |
| Below minimum balance | USD 10.00 |
| Withholding tax per interest earned | 15% |
| Dormancy Fee | PHP 30.00 |
| CHECKING ACCOUNT | PERSONAL CHECKING ACCOUNT (Checkbook,Passbook,ATM) |
CORPORATE ACCOUNT (Checkbook,Passbook) |
|---|---|---|
| Initial deposit requirement | Php 10,000.00 | Php 20,000.00 |
| Minimum monthly ADB requirement | Php 10,000.00 | Php 20,000.00 |
| Interest rate per annum | 0.000% | 0.000% |
| Account closure within 30 days | Php 500.00 |
| Below minimum balance | Personal Account: Php 300.00 Corporate Account: Php 500.00 |
| Checkbook | Php 350.00 |
| Dormancy Fee | PHP 30.00 |
| For Drawee Bank | Php 1,000.00 |
| For Presenting Bank | Php 1,000.00 |
| Bank Penalty | Php 200.00/day for every Php 40,000.00 check amount |
| Upon Application | Php 300.00/check |
| Upon Receipt From PCHC | Php 1,000.00 |
Amount of Deposit |
1 Month |
3 Months |
1 Year |
|---|---|---|---|
From PHP 100,000 To PHP 499,999 |
1.750% |
2.250% |
2.500% |
From PHP 500,000 To PHP 999,999 |
2.000% |
2.500% |
2.750% |
From PHP 1,000,000 To PHP 4,999,999 |
2.500% |
2.750% |
3.000% |
From PHP 5,000,000 and above |
3.500% |
3.750% |
4.000% |
> Interest earned is subject to 20% withholding tax.
> Documentary Stamp Tax (DST) of Php1.50 for every Php200 or a fractional part of the principal amount, upon opening or renewal/roll-over of account, shall be paid by the Bank, however, if the account is withdrawn prior to maturity, the depositor shall reimburse the Bank and may be collected from the principal balance or earned interest thereof.
> Interest rate quoted is for the term as indictaed. In case of early withdrawal or pretermination, the following
penalties shall apply:
| Withdrawn within the first half of the stipulated term | 75% of stipulated interest rate |
| Withdrawn within the second half of the stipulated term | 50% of stipulated interest rate |
Amount of Deposit |
1 Month |
3 Months |
1 Year |
|---|---|---|---|
From USD 2,000 To PHP 9,999 |
1.250% |
1.500% |
1.750% |
From USD 10,000 To PHP 19,999 |
1.250% |
1.750% |
2.000% |
From USD 20,000 To PHP 49,999 |
1.250% |
2.000% |
2.125% |
From USD 50,000 and above |
1.250% |
2.125% |
2.250% |
> Interest earned is subject to 15% withholding tax.
> Interest rate quoted is for the term as indictaed. In case of early withdrawal or pretermination, the following
penalties shall apply:
| Withdrawn within the first half of the stipulated term | 75% of stipulated interest rate |
| Withdrawn within the second half of the stipulated term | 50% of stipulated interest rate |
| PRA Speacial Savings Account | Rates | |
|---|---|---|
| Peso | 0.0755% | Interest earned is subject to 20% withholding tax. Php1.50 for every Php200 or a fractional part of the principal amount, upon opening or renewal/roll-over of account, shall be paid by the Bank, however, if the accounts is withdrawn prior to maturity, the depositor shall reimburse the Bank and may be collected from the principal balance or earned interest thereof. |
| Dollar | 0.0755% | Interest earned is subject to 15% withholding tax. |
