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April 3, 2017 By iSensey

Interest Rates ATM and Passbook Savings Account in BDO, BPI, Metrobank, Security Bank

Do you have extra cash that you want to put in the bank? Still can’t decide which universal bank to place your savings or emergency fund? If interest rates matter to you, check this list of the prevailing savings account interest rates offered by the big banks in the country.

iSensey got the details from the respective banks official website, and this is accurate as of writing this post this April 2017. We will try out best to update this post once we are aware of changes to the prevailing interest rates being given on deposit accounts.

Time Deposit interest rates for 2017 will also be published soon.

For this article we will focus on these four big banks namely, Banco de Oro, Bank of the Philippine Islands, Metropolitan Bank and Trust Company, and Security Bank and their basic savings account interest rates for both passbook and atm.

Interest rate passbook atm of BDO BPI Metrobank Security Bank

These banks also offers US Denominated savings accounts, some even offers Foreign Currency deposit accounts.Kindly visit or call your bank of choice for further details on their other bank products.

 2017 Interest Rate Savings Account Philippines- ATM / Passbook

BANK Product Name Interest Rate
BDO Peso ATM Debit Card (without passbook) 0.250%
BDO Peso Passbook Savings (with or without ATM) 0.250%
BPI Express Teller Savings 0.250%
BPI Passbook Savings 0.250%
BPI BPI Advance Savings Account with Passbook* 0.750% to 1.250%
BPI Maxi-Saver(4) Savings with Debit Card (ATM Card)* 0.250% to 0.750%
Metrobank Passbook Savings Regular 0.250%
Metrobank Debit / ATM Card Savings 0.250%
Metrobank Passbook Savings SSS Pensioner 0.250%
Security Bank All Access Savings and Checking 0.10%
Security Bank Easy Savings Account 0.10%
Security Bank eSecure Savings* 0.50% to 1.20%
Security Bank Build Up Savings Regular* 0.50%
Security Bank Build Up Savings Premium* 1.00%
*Those with *asterisk means that the interest rate depends on the Monthly Average Daily Balance, or the allowable number of withdrawals per month/quarter.

Example: For the BPI product “BPI Advance Savings Account with Passbook”, this is the rule on the interest rates:

  • The interest rate per annum for accounts with less than P100,000 monthly ADB is “0.00%” or no interest.
  • The interest rate per annum for accounts with monthly ADB of 100,000 – 999,999 is 0.75%.
  • The interest rate per annum for accounts with monthly ADB of 1M and above is 1.250%.
*Interest gained from your savings accounts are still subject to the government mandated 20% withholding tax.

In case you are more concern about beating inflation, then putting your money in the bank may not be the best financial and investment strategy for you; you may want to explore and research more about Mutual Funds, RTBs, Real Estate Investments, Stock Market Investments, and others.

However, if you are building an emergency fund, we recommend that you go for banking products like savings and time deposits since this generally a liquid investment, which you can easily cash-out or withdraw if the need arises.

iSensey has other articles that shared details on bank’s opening requirements and maintaining balance as well as penalties, you can read more on this by checking the Banking categories on this website. Thanks!

Open a savings account ATM or Passbook today! Build up your savings for the future!

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Filed Under: Banking, BDO, BPI, Metrobank, Security Bank Tagged With: atm interest rate, interest rate savings, interest rate savings account philippines, passbook interest rate, savings account bdo, savings account bpi, savings account metrobank, savings account security bank

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Comments

  1. Ricardo batayola says

    April 16, 2021 at 4:49 pm

    How to contin new may cashcard BDO
    6018539042360358

    • iSensey says

      April 16, 2021 at 6:44 pm

      Hi Ricardo, you can make sure your BDO cashcard stats active by depositing / transferring funds to it regularly.

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