Other Currency Accounts

Terms And Conditions

Preferred Dollar Savings

Description:

  • An interest-bearing dollar denominated passbook account, which allows deposits and withdrawals anytime.
  • Funds earn interest.
  • PDIC insured up to Php 500,000

Details Terms
Minimum Initial Deposit N.A.
Minimum Maintaining Balance (ADB) USD 500
Interest Earning Balance (ADB) USD 500
Interest Rate 0.125% p.a.
Withholding Tax 7.5%
Term/Repricing Cycle N.A.
Interest Credited Quarterly
Fund Access Interbranch transactions, Internet* and Mobile Banking*
Transaction Record Passbook
PDIC insured up to Php 500,000
Charges/Fees
Early Closure (accounts closed within 30 days from opening) USD 5
Below Maintaining Balance USD 5
Lost Passbook/ATM Card Php 100
Others N.A.

Preferred Dollar Time

Description:

  • Certificate of deposit (in dollars) with the Bank for a fixed period of time, in return for a fixed interest payable at the end of the term.

Details Terms
Minimum Placement USD 1,000
Minimum Maintaining Balance (ADB) N.A.
Interest Earning Balance (ADB) USD 1,000
Interest Rate Based on market rates
Withholding Tax 7.5%
Term/Repricing Cycle 30, 60, 90, 120, 180, 360 days
Interest Credited At maturity
Fund Access Branch of account renewal, viewing for internet and mobile banking
Transaction Record Certificate of Time Deposit
PDIC insured up to Php 500,000
Charges/Fees
Early Closure (accounts closed within 30 days from opening) N.A.
Below Maintaining Balance N.A.
Inactivity Fee N.A.
Lost Passbook/ATM Card N.A.
Others Pre-termination: interest based on prevailing savings rate

Preferred Foreign Currency Savings

Description:

  • An interest-bearing third currency denominated passbook account, which allows deposits and withdrawals anytime.
  • Funds earn interest.
  • PDIC insured up to Php 500,000
  • Available in selected branches only

Details Terms
Minimum Initial Deposit N.A.
Minimum Maintaining Balance (ADB) EUR 500 / JPY 50,000 / CNY 500
Interest Earning Balance (ADB) EUR 2,500 / JPY 50,000 / CNY 2,500
Withholding Tax 7.5%
Term/Repricing Cycle N.A.
Crediting of Interest Monthly
Charges/Fees
Early Closure (accounts closed within 30 days from opening) EUR 5 / JPY 500 / CNY 50
Below Maintaining Balance EUR 5 / JPY 500 / CNY 50
Lost Passbook/ATM Card Php 100