Tiered Savers Plus
Frequently Asked Questions
Frequently Asked Questions (FAQs)
Tiered Saver Plus
Tiered Savers Plus is a savings deposit product that offers higher interest rates as you account balance increases. The more you save, the higher the interest rate you earn.
- Competitive interest rates based on your balance tier
- No minimum term requirement
- Unlimited deposits and withdrawals
- Passbook-based account for easy tracking
The minimum initial deposit required to open a Tiered Savers Plus account is Php 5,000.00
To earn interest, your account must maintain a minimum balance of Php 5,000.00
Interest is computed monthly based on the Average Daily Balance (ADB)
The interest rates are as follows:
| ADB (Php) | Interest Rate (Gross) |
|---|---|
| 5,000.00 - 99,999.00 | 0.1500% |
| 100,000.00 - 499,999.99 | 0.2000% |
| 500,000.00 - 2,499,999.99 | 0.2250% |
| 2,500,000.00 - 4,999,999.99 | 0.2750% |
| 5,000,000.00 - 8,999,999.99 | 0.3000% |
| 9,000,000.00 - 9,999,999.99 | 0.3500% |
| 10,000,000.00 and up | 0.4000% |
Yes, the following fees apply:
| Fee Type | Amount |
|---|---|
| Service fee for more than 2 withdrawals per month | Php 100.00 |
| Service fee falling below minimum ADB for 2 consecutive months | Php 300.00/month |
| Dormancy Fee | Php 30.00/month |
| Service fee for account closure within 1 year | Php 300.00 |
| Replacement fee for lost/damaged passbook | Php 200.00 |
Yes, your deposit is insured up to Php 1,000,000.00 by the Philippines Deposit Insurance Corporation (PDIC)
Yes, interest earned is subject to a 20% withholding tax.
Currently, account opening is available at our branches. Visit your nearest branch to apply
No, the Tiered Savers Plus account is a passbook-based savings account and is not designed for payroll or auto-debit transactions.
Individuals who meet the minimum deposit requirement and comply with the bank's Know Your Customer (KYC) requirements can open an account.
An account is considered dormant if there are no transactions for two years. A dormancy fee of Php 30.00 per month will be charged.
An account is considered dormant if there are no transactions for two years. A dormancy fee of Php 30.00 per month will be charged.
Visit any of your branches with the following requirements
- Valid government-issued ID
- Minimum initial deposit of Php 5,000.00
- Completed account opening forms
For further inquiries, visit your nearest branch of contact our customer service hotline.