Philippine-based
Time Savings Accounts
Peso
Time Deposit (PNBig). This is a special
account that earns a higher yielding on deposit. It is evidenced by a passbook
Details
- Initial
Deposit: P25,000
- Minimum
Holding Period: 30days
- Maximum
Holding Period: 365days
- Balance
to Earn Interest: P25,000
- Interest
Rate: by term
- Interest
Payment: Upon maturity (Auto compounded)
- Pre-termination
Penalty:
- Less
than ½ of term – ¾ of interest rate
- More
than ½ of term – ½ of interest rate
Opening
Requirements (Individual/Joint Account)
- Proof
of ID (valid passport) read
more
- Proof
of Address (original utility bill, bank statement, credit card statement,
council tax notices) read
more
- Completed
application form
- 2 signature
cards
Note: Non-Filipino
passport holders are not allowed to open a Peso (savings and/or checking)
account in the Philippines, in accordance with the Banko Sentral
ng Pilipinas (BSP) regulations.