Passbook Savings
Enjoy the security of a passbook and earn fixed interest on your savings.
The BDO Peso Passbook Savings Account lets you enjoy the benefits of a typical interest-earning account with the security of a passbook. It encourages you to develop a good savings habit.
When you open an account, you are given the option to choose if you want a BDO EMV Debit Card for convenience in accessing ATMs or have the passbook alone.
| FEATURES | ||||
|---|---|---|---|---|
| Minimum Initial Deposit | Php 5,000.00 | |||
| Minimum MADB Requirement (1) | Php 10,000.00 | |||
| Minimum Balance to Earn Interest | Php 10,000.00 | |||
| Gross Interest Rate Per Annum | 0.125% | |||
(1) MADB - Monthly Average Daily Balance
| FEATURES | ||||
|---|---|---|---|---|
| Account Closure (2) | Php 300.00 | |||
| Falling Below Minimum Balance (3) | Php 300.00 | |||
| Account Dormancy (4) | Php 30.00 (4) | |||
| Withholding Tax for Interest Earned | 20% | |||
(2) Account Closure Fee will be collected if account is closed within 30 days from account opening.
(3) Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months.
(4) Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.
- A savings account is dormant if it has no client-initiated activity for two (2) years.
- Collection will start five (5) years after the last client-initiated activity date.
- The revised collection and dormancy fee is effective April 25, 2017.
BDO EMV Debit Card
The BDO EMV Debit Card is the perfect banking companion wherever you go.
Deposits are insured by PDIC up to P500,000 per depositor.