Deposits
REGULAR SAVINGS ACCOUNT*
• Opening balance – Php 200.00
• Maintaining balance – Php 200.00
• Interest bearing balance – Php 500.00
• 0.50% interest per annum
*Deposits are insured by PDIC up to P500,000 per depositor
POLICY FOR TIME DEPOSIT INTEREST RATE OFFERINGS OF BANGKO NG KABUHAYAN
| Amount OF Time Deposit | Tenor of Time Deposit | |||
| 60 Days to 89 Days | 90 Days to 364 Days | 365 Days to 5 Years | 5 Years plus 1 Day | |
| P100,000.00 to P499,999.00 | 85% of counterpart “At Least P500.0 thousand” TD Offer Rate | Not applicable, not offered to TDs less than P500.0 thousand |
||
| At least P500,000.00 | 85% of >90 Days to 365 Days TD Offer Rate | 80% of highest rate for TD placements of the Bank not more than 180 days tenor | 120% of 90 Days to 364 Days TD Offer Rate | 120% of 365 Days to 5 Years TD Offer Rate |
| Internal Policy | Not applicable, no upward adjustment allowed | Interest rate for “At least P500.0 thousand” TDs of “> 1 Year to 5 Years” tenor may be negotiated depending on Loan Portfolio Matching but at no instance to exceed 7.5%, and subject to joint approval by Pres/CEO, COO and Treasurer | ||
TIME DEPOSIT INTEREST RATE OFFERINGS OF BANGKO NG KABUHAYAN
| Amount OF Time Deposit | Tenor of Time Deposit | |||
| 60 Days to 89 Days | 90 Days to 364 Days | 365 Days to 5 Years | 5 Years plus 1 Day | |
| P100,000.00 to P499,999.00 | 3.55% | 3.94% | 4.73% | Not applicable |
| At least P500,000.00 | 4.18% | 4.64% | 5.57% | 6.68% |
