An interest-bearing peso savings account wherein deposit and withdrawal transactions are made over-the-counter at the RBSMI only thru depositors passbook during official banking hours/days.
Private Corporations, cooperatives, partnerships, associations and other duly registered organizations.
| Minimum Initial Deposit |
₱ 500.00 |
| Required Minimum Monthly ADB |
₱ 500.00 |
| Required Daily Balance to Earn Interest |
₱ 500.00 |
| Interest Rate (per annum) |
.50% |
| Withholding Tax on Interest |
20% |
| Maximum withdrawal for the day |
No Limit |
| Proof of Deposit |
Regular Savings Passbook |
| Closing Fee |
₱ 100 |
| Dormancy Fee |
| Coverage- accounts with no initiated financial transaction for two (2) years and falling below the required ADB |
₱ 30.00/Month |
| Collection- Monthly to start on the 5th year reckoned from the date of last financial transaction. |
| PDIC Insurance |
₱ 500,000.00 (maximum deposit insurance of depositor) |
| Passbook Replacement |
Free (with affidavit of Loss) |
| Bank certification on Deposit Balances (for all kinds of Bank Certification) |
₱ 100.00 |
