Bagong Bayani Savings Deposit
Specially crafted for Overseas Filipino Workers (OFWs), the Bagong Bayani Savings Deposit Account offers a safe and rewarding way to save. With competitive interest rates and convenient accessibility, it helps OFWs, and their families achieve financial goals while ensuring their hard-earned money works for them.
Bagong Bayani Savings Deposit Account
A secure, high-yield savings account made especially for OFWs and their families.
Grow your hard-earned money safely while supporting your financial goals back home.
Initial Deposit Requirement
₱500.00
Maintaining Balance to Earn Interest
₱500.00
Interest Rate (per annum)
1.00%
Interest Rate (per annum)
Quarterly
Transaction Record
Passbook
Account Access
Over-the-Counter
Final Withholding Tax
20%
Bagong Bayani Smart Time Deposit
A short-term time deposit that provides higher guaranteed income tailored for OFWs.
Ideal for clients seeking predictable, attractive returns over a fixed period with secure growth.
Initial Deposit Requirement
₱10,000.00
Interest Rate (per annum)
*subject to change without prior notice
1.50% to 6.25%
*depending on the amount and the term
Term of Deposit
30 days to 1 year
Liquidity
Deposit may be used as a collateral to a Back-to-Back Loan
Transaction Record
Certificate of time deposit
Account Access
Over-the-Counter
Final Withholding Tax
20%
Bagong Bayani Starflex Time Deposit
Provides steady and reliable returns to help build financial stability for their families.
Initial Deposit Requirement
₱50,000.00
Interest Rate (per annum)
*subject to change without prior notice
6.25% to 6.75%
*depending on the amount and the term
Term of Deposit
5 years and 1 day
Interest Payment
Monthly
Liquidity
Deposit may be used as a collateral to a Back-to-Back Loan
Transaction Record
Certificate of time deposit
Account Access
Over-the-Counter
Final Withholding Tax
20%
Additional Features:
1. Loan Discounts (Rebates)
2. Special KYC Procedures
3. OFW’s Beneficiaries can also open BBDA Products
Deposits are insured by PDIC up to P1,000,000.00 per depositor