Micro Savings Account
Created to promote financial inclusion, the Micro Savings Account is designed for individuals who are just beginning their savings journey. With minimal requirements, no maintaining balance, and interest-earning capability, it encourages consistent saving habits and financial discipline for all.
Start your savings journey with minimal requirements and no maintaining balance.
Ideal for first-time savers who want to build good financial habits at their own pace.
Account Details:
Initial Deposit Requirement
₱100.00
Maintaining Balance
₱0.00
Maximum Account Balance
₱50,000.00
Interest Rate
*subject to change without prior notice
0.20% p.a
Interest Payment
Monthly
Final Withholding Tax
20%
Transaction Record
Passbook
Account Access
Over-the-Counter
Dormancy Charges
₱0.00
Deposits are insured by PDIC up to P1,000,000.00 per depositor