DEPOSIT PRODUCTS
SAVINGS ACCOUNT
Savings Deposit is an interest-bearing deposit evidenced by a passbook issued by the bank to a depositor. It can be withdrawn thru a properly accomplished withdrawal slip and with the corresponding passbook. Its rate is 0.0025% per annum with a minimum initial deposit without interest of P500 or minimum earning deposit of P2,000.
TIME DEPOSIT
Time Deposits represents fund left with the bank for a fixed period of time and earning higher rate of interest. Deposits are evidenced with a certificate issued by the bank. Initial minimum amount of time deposit is P10,000.
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