Savings Account

Terms And Conditions

Preferred Peso Savings

Description:

  • An interest-bearing account, which allows deposits and withdrawals either over the counter with the use of a passbook or via ATM card or through Phone Banking Service.
  • Transactions can be done via over the counter or through ATM/ Phone Banking service.
  • Uses passbook to monitor transactions.
  • PDIC insured up to Php 500,000.00.

Details Terms
Minimum Initial Deposit N.A.
Minimum Maintaining Balance (ADB) Php 5,000
Interest Earning Balance (ADB) Php 500,000
Interest Rate 0.125% p.a.
Withholding Tax 20%
Term/Repricing Cycle N.A.
Interest Credited Quarterly
Fund Access Interbranch transactions, ATM, 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) Php 110
Below Maintaining Balance Php 250
Lost Passbook Php 100
ATM Card Php 100
Others N.A.

Preferred Peso Savings Plus

Description:

  • A Special Savings Account
  • An investment passbook account with a fixed deposit balance maintained for a fixed term and rate.
  • Pays higher interest rates than the Preferred Peso Savings account and competitive with our Time Deposits.
  • Passbook serves as certificate of deposit.
  • Insured with PDIC up to Php 500,000.00.

Details Terms
Minimum Placement Amount Php 100,000
Interest Rate Based on market rates
Withholding Tax 20%
Term/Repricing Cycle Minimum term is 30 days
Interest Credited At maturity
Fund Access Branch of account renewal, viewing for 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) N.A.
Others Pre-termination: interest based on prevailing savings rate

Starter Savings

Description:

  • A no-maintaining balance, ATM based, savings account
  • Insured with PDIC up to Php 500,000.00.

Details Terms
Minimum Initial Deposit N.A.
Minimum Maintaining Balance (ADB) None
Interest Earning Balance (ADB) Php 1,000
Interest Rate 0.125% p.a.
Withholding Tax 20%
Term/Repricing Cycle N.A.
Interest Credited Quarterly
Fund Access ATM, Internet* and Mobile Banking*
Transaction Record e-SOA
PDIC insured up to Php 500,000
Charges/Fees
One-time ATM Card processing Fee Php 100
ATM Card Replacement Php 200
ATM withdrawal fee Php 5 AUB ATMs /Php 11 - other Bancnet ATMs
Preferred Online Banking enrollment Php 2,000
Over the Counter withdrawal Fee Php 100
Daily ATM Withdrawal limit Php 50,000

* Enrollment to Preferred Online Banking required.