High-Interest Savings Accounts offered by BPI and BDO Philippines

1.06.2012

Earn more from your savings accounts; deposit them in higher-interest accounts.
You can earn more from time deposits or mutual funds, but if you don't want to use these at present because of certain reasons, you can deposit your money in savings accounts with higher interest rates.

Nevertheless, when we say high interest, hindi talaga siya HIGH, ibig sabihin mas mataas lang siya sa karaniwang interest rate for regular savings accounts na 0.5 %. So ang pag-uusapang interest rate dito ay 0.6 pataas hanggang 2.875 % lang.

Here are higher-interest savings accounts offered by 2 of the top 3 banks in the Philippines:

BDO 

BDO Optimum Savings Account 

- monthly average daily balance is 30k
- for individuals and non-stock, non-profit entities
- you can withdraw or debit 3 times a month without charge
- available with passbook and ATM card for personal accounts
- service charge is 300 pesos if monthly average daily balance falls below 30k
- dormancy fee is 300

BDO Super Savings Account
- monthly average daily balance is 100k
-other features are same as above Optimum Savings

Interest rates:
Php 30,000 to 99,999  --  1.375 %
Php 100,000 to 249,999  --  1.5 %
Php 250,000 to 499,999  --  1.625 %
Php 500,000 to 999,999  --  1.75 %
Php 1,000,000 to 4,999,999  --  1.875 %
Php 5,000,000 to 9,999,999  --  2 %


BPI and BPI FAMILY SAVINGS BANK

BPI Maxi-Saver Savings

BPI ATM-based Maxi-saver Savings 
- monthly average daily balance is 50k
- interest rates:
  50k to less than 300k  --  1.375%
  300k to less than 500k  --  1.5%
  500k to less than 1M  --  1.625%
  1M and above  --  1.75%

BPI Passbook-Based Maxi-Saver Savings Account

- monthly average daily balance is 75k
- interest rates:
  75k to less than 300k -- 1.375%
  other amounts, same as above ATM-based Maxi-Saver

Note: If you do not withdraw within a month, you get a bonus 1% interest for the month
Interest is credited monthly.

BPI Get Started Savings Account with Life Insurance

ATM-based:
- monthly average maintaining balance = 25k
- annual interest rate =  0.625%

Passbook-based:
- monthly average maintaining balance = 75k
- annual interest rate =  0.625%


BPI Save-Up Automatic Savings with Free Accident and Life Insurance

- monthly average daily balance = 1k
- monthly average daily balance to earn interest = 3k
- free accident and life insurance from BPI-Philam Life Insurance
- amount of insurance equals 5 times your account's average month-to-date average daily balance up to 2 million pesos (life insurance) and an additional accidental insurance of 5 times your account's average daily balance up to 2 million
- interest is credited quarterly
- annual interest rates:
3k to less than 400k  --  0.75 %
400k and up  -- 1.5 %


BPI Save-Up Automatic Savings With Higher Interest but No Free Insurance 

- no initial deposit required if you have an ATM savings account
- monthly average daily balance = 1k
- monthly average daily balance to earn interest = 3k
- automatic transfer of a certain amount of money weekly or monthly from your ATM savings account to your Save-Up account
- you can enroll in BPI Express Online banking
- interest is credited quarterly
- annual interest rates:
3k to less than 25k  --  0.75 %
25k to less than 300k  --  1.25 %
300k to less than 500k  --  1.5 %
500k and above  --  1.625 %

For Save-Up Automatic Savings at BPI (Bank of Philippine Islands), the monthly average daily balance is higher (5k) and the interest rates are lower (0.5% and 1% for account with insurance and 0.5 % to 1.625 % for account without insurance)


TAX on Interest:  20 % Withholding tax

Kung gusto mong mag-ipon ng pera within a 5-year period at a higher interest rate (5 % or higher), check this
PAG-IBIG II Savings Program.

0 comments:

THANK YOU VERY MUCH FOR YOUR COMMENTS.

Manila, Photo: Mike Gonzalez
 
 
 
 
Copyright 2013 . Banks Philippines . Powered by Blogger
About Author / GOOGLE+ / Privacy Policy
Using Xclear theme by daris4 . Themescook