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Deposits: Premium Savings Deposit

An interest bearing deposit with specific maturity date that earns higher rates with bigger deposits.

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Features

Requirements To Open An Account

	Minimum deposit of P5,000
	Minimum term of 30 days
	Better rates for bigger deposits
	Evidenced by a Premium Savings Deposit Passbook and Letter-Agreement
	Interest payment is credited upon maturity or pre-termination of placement
	Eligible as collateral for back-to-back loan
	Easy monitoring of funds via passbook
	Exempted from the documentary stamp tax
	Deposits up to P100,000 insured with PDIC