1. Bdo Optimum Savings Account Interest Rate
2. Bdo Savings Account Interest Rate
3. Bdo Time Deposit Rate
4. Bdo Savings Account Interest Rate Computation
5. Bdo Kabayan Savings Account Interest Rate
6. Bdo Savings Account Interest Rate 2019

In building a solid financial foundation, it is important to build from ground up. We start first in protecting ourselves through healthcare and life insurance. We must make sure to eliminate our debt. Then we need to build an emergency fund before investing. In this article I’m going to show you how you can open a BDO savings account for your emergency funds.

In building an emergency fund, the best way to do it is opening a bank savings account. If you noticed, the interest rates of the banks are very minimal. Because the bank knows that anytime you can withdraw your money (as in the case of ATM card and/or checking accounts).

Thus, having a bank account is perfect for building an emergency fund.

Banco de Oro (BDO) is one of the major banks in the Philippines. A pretty stable company and a part of the SM group of companies (Henry Sy’s companies – the richest man in the Philippines).

• BDO has all your banking needs covered for life. From basic savings and checking accounts you have the flexibility to manage your money and maximize its growth potential. With our extended banking hours, nationwide branches, and ATMs, you can keep your money safe throughout the day. At BDO, we don’t stop finding ways for you.
• For concerns, please visit any BDO branch nearest you, or contact us thru our 24x7 hotline (+632) 8631-8000 or email us via callcenter@bdo.com.ph. BDO Unibank is regulated by the Bangko Sentral ng Pilipinas with contact number (02) 8708-7087 and with email address consumeraffairs@bsp.gov.ph, and webchat at www.bsp.gov.ph. BDO Unibank, Inc.

The interest rate is for an approximate 12 month / 1 year term (360 days) for Peso deposit balances of the following: 1,000 to. About BDO Kabayan Savings Account. Remittance Fees. Promos Interest Rate. Home » Personal » Remittance Services » Interest Rate. Overview Interest Rate Application Requirements. BDO Kabayan Program - Unsecured. Tenor Factor Rate Monthly Add-on Rate Effective Rate/Annum; 6: 0.186667698: 2%: 40.05%: 12. BDO Checking Account: 0.25%. Philippines Savings Accounts Providers. Please confirm the precise terms and interest rates of the product with the.

I personally am a client of BDO and I love their online banking facility especially their funds transfer and bills payment.

Thus opening a bank account in BDO for emergency funds is a perfect choice. Below is the requirements and the step-by-step guide in opening a savings account in BDO.

Bdo Optimum Savings Account Interest Rate

BDO Savings Account Requirements:

1. Two Valid IDs – Examples: Police Clearance, Passport, Barangay Clearance, Voter’s ID, NBI Clearance, Senior Citizen Card, PRC, Postal ID, Philhealth, Driver’s License, and etc.

2. Proof of Billing – This will be used to verify your address. Examples: Phone bills, electric bill, water bill, credit card bill, etc.

3. Two copies of latest photo – you might want to bring a 1×1 and/or 2×2 photo.

4. Initial deposit requirement – bring cash. Different account types have different initial deposit. Might as well bring a substantial amount of cash.

Steps in opening a BDO savings account:

Step 1: Go to the nearest BDO branch in your area. One great thing with BDO is that, there are tons of branches inside SM malls. Thus, it is one of the most convenient banks to get access to.

Unfortunately, due to convenience, BDO branches inside the malls can be quite crowded.

Step 2: Go to the new accounts counter (or ask the guard where to open an account) and ask the teller for the application form for opening a savings account.

Fill out application form correctly. Double check all information. Provide the necessary signatures and submit to the bank teller.

Step 3: Provide the initial deposit requirement

For BDO Passbook Savings Account: P5,000
For BDO ATM Savings Account: P2,000

Step 4: Wait for 1 – 2 banking days for your account to be activated. Your ATM card and/or passbook will be made available around 5 – 7 days. Just communicate with your bank teller for inquiries and updates.

Step 5:(optional) Enroll your account to BDO online banking for convenience.

Other Important Information regarding your BDO savings account:

For ATM accounts:

Minimum monthly Average Daily Balance (ADB) requirement: P2,000
Minimum balance to earn interest: P5,000
Interest rate per year: 0.25%

Service Fees and Charges:

Account Closure within 30 days: P300
Below minimum balance: P300
Withholding tax for interest earned: 20%

For Passbook savings accounts:

Minimum monthly Average Daily Balance (ADB) requirement: P10,000
Minimum balance to earn interest: P10,000
Interest rate per year: 0.25%

Service Fees and Charges:

Bdo Savings Account Interest Rate

Account Closure within 30 days: P300
Below minimum balance: P300
Withholding tax for interest earned: 20%

Other account types can be seen here – source: Official BDO website

That’s it! Start building your emergency funds now by opening your BDO savings account!

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[Last updated 20 May 2020] Compare these high-interest savings accounts (peso-savings) for 2020 offered by the 10 largest banks in the Philippines to find the best one where you could deposit your hard-earned money. Consider high interest rates, initial deposits, maintaining balance, and amount to earn interest.

As I have clarified in one of my articles, maintaining savings accounts and other deposits remains far better than simply keeping a stash of cash under the mattress. Yes, many argue that these are not real investments because we allow our money to sleep in the vault (well, we know what banks do with our money) with a very low interest. However, financial gurus advise that we save and build our emergency funds – in high-interest savings accounts.

Here is a list of peso-savings accounts (2020) offered by the 10 largest banks. Annual interest rates, as indicated, range from 0.10 to 1.25 percent (usually tiered-rate accounts). To know more about interest computations, click this link: Gabay sa Pagbubukas ng Savings Account.

[1] Bank of the Philippine Islands (BPI)

• Advance Savings
• PHP100,000 (min initial deposit)
• PHP100,000 (min MADB requirement)
• PHP100,000 (min balance to earn interest)
• 0.75-1.125% (annual interest)

• Maxi Saver (High Returns)
• PHP50,000 (min initial deposit)
• PHP50,000 (min MADB requirement)
• PHP50,000 (min balance to earn interest)
• 0.25-0.625% (annual interest)

• Pamana Savings (with 3X Life Insurance)
• PHP25,000 (min initial deposit)
• PHP25,000 (min MADB requirement)
• PHP25,000 (min balance to earn interest)
• 0.25% (annual interest)

source: BPI website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[2] Security Bank Corporation (Security Bank)

• eSecure Savings
• PHP500 (min initial deposit)
• PHP500 (min MADB requirement)
• PHP5,000 (min balance to earn interest)
• 0.50-1.20% (annual interest)

• Build Up Savings
• PHP5,000/50,000 (min initial deposit)
• PHP5,000/50,000 (min MADB requirement)
• PHP10,000/50,000 (min balance to earn interest)
• 50/1.00% (annual interest)

• Money Builder
• PHP10,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.10-0.40% (annual interest)

source: Security Bank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[3] BDO Unibank, Inc. (BDO)

• Optimum Savings
• PHP30,000 (min initial deposit)
• PHP30,000 (min MADB requirement)
• PHP30,000 (min balance to earn interest)
• NO DATA (annual interest)

• Passbook Savings
• PHP5,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.25% (annual interest)

• ATM Savings
• PHP2,000 (min initial deposit)
• PHP2,000 (min MADB requirement)
• PHP5,000 (min balance to earn interest)
• 0.25% (annual interest)

• Junior Savers
• PHP100 (min initial deposit)
• PHP100 (min MADB requirement)
• PHP2,000 (min balance to earn interest)
• 0.25% (annual interest)

source: BDO Unibank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[4] Metropolitan Bank and Trust Company (Metrobank)

• Regular Passbook Savings
• PHP10,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.25% (annual interest)

• Regular Debit/ATM Savings
• PHP2,000 (min initial deposit)
• PHP2,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.25% (annual interest)

source: Metrobank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[5] Rizal Commercial Banking Corporation (RCBC)

Bdo Time Deposit Rate

• Dragon Peso Savings (Premium)
• PHP25,000 (min initial deposit)
• PHP25,000 (min MADB requirement)
• PHP25,000 (min balance to earn interest)
• 0.15-0.5625% (annual interest)

• iSave
• NONE (min initial deposit)
• NONE (min MADB requirement)
• PHP5,000 (min balance to earn interest)
• 0.15-0.20% (annual interest)

source: RCBC website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[6] China Banking Corporation (Chinabank)

• Money Plus Savings
• PHP20,000 (min initial deposit)
• PHP20,000 (min MADB requirement)
• PHP50,000 (min balance to earn interest)
• 0.125% (annual interest)

• ChinaCheck Plus
• PHP5,000 (min initial deposit)
• PHP5,000 (min MADB requirement)
• PHP50,000 (min balance to earn interest)
• 0.125% (annual interest)

• Passbook Savings
• PHP5,000 (min initial deposit)
• PHP5,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.125% (annual interest)

source: Chinabank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[7] Philippine National Bank (PNB)

• Passbook Savings
• PHP10,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP15,000 (min balance to earn interest)
• 0.10% (annual interest)

• Debit Savings Account
• PHP3,000 (min initial deposit)
• PHP3,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.10% (annual interest)

source: PNB website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[8] Union Bank of the Philippines (Unionbank)

• Regular Savings Account
• PHP10,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP25,000 (min balance to earn interest)
• 0.10% (annual interest)

• Personal Savings Account
• NONE (min initial deposit)
• NONE (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.10% (annual interest)

Source: Unionbank official website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[9] Land Bank of the Philippines (Landbank)

• Easy Savings Plus (ESP)
• PHP20,000 (min initial deposit)
• PHP20,000 (min MADB requirement)
• PHP20,000 (min balance to earn interest)
• NO DATA (annual interest)

• Regular Passbook Savings
• PHP10,000 (min initial deposit)
• PHP10,000 (min MADB requirement)
• PHP10,000 (min balance to earn interest)
• 0.10% (annual interest)

source: Landbank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

Bdo Savings Account Interest Rate Computation

[10] Development Bank of the Philippines (DBP)

• ATM or Passbook
• PHP500 (min initial deposit)
• PHP500 (min MADB requirement)
• PHP500 (min balance to earn interest)
• NO DATA (annual interest)

Bdo Kabayan Savings Account Interest Rate

• Wisdom Account
• PHP5,000 (min initial deposit)
• PHP5,000 (min MADB requirement)
• PHP5,000 (min balance to earn interest)
• NO DATA (annual interest)

source: DBP website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

Bdo Savings Account Interest Rate 2019

Disclaimer: The author is not directly affiliated with any of these 10 largest banks in the Philippines, however maintains peso-savings accounts with some of them. Please take this article providing helpful information about high-interest savings accounts as a personal guide upon opening a savings account; hence, visiting the official websites and servicing branches of these banks is highly advised.