A premium savings account which offers higher interest rates than a regular savings account and are tiered based on ADB levels.
TARGET MARKET
Individuals
| FEATURES | |
|---|---|
| Minimum Initial Deposit | P20,000 |
| Interest Rate (per annum) | - Based on LANDBANK's posted rates - Tiered rates based on daily balance |
| Required Minimum Monthly ADB | P20,000 |
| Required Daily Balance to Earn Interest | P20,000 |
| Closing Fee • closing of account within 30 calendar days from opening date | P300 Effectivity date: Dec. 1, 2017 |
| Service Fee for Account Falling Below the Required Monthly Average Daily Balance (ADB) • Coverage - Accounts falling below ADB requirement for two (2) consecutive month-end and every month-end thereafter • Collection - Monthly to start at the end of the 2nd month | P200/month |
| Documentary Stamp Tax (DST) | None |
| Dormant Account • Coverage - Accounts with no depositor-initiated financial transaction for two (2) years and falling below the required ADB • Collection - Monthly to start on the 5th year reckoned from the date of last financial transaction. | P30.00/month Effectivity Date: April 24, 2017 |
| PDIC Insurance | P500,000 (Maximum deposit insurance per depositor) |
| Allowed Number of Withdrawals per month | Two (2) |
| Service Fee in Excess of Two (2) Withdrawals per Month | P100/withdrawal |
| Documentation | Passbook |
| Replacement Fee for Lost/Damaged Passbook | P200 |
| CONTACT UNITS | |
| LANDBANK Branches Nationwide | |
| Customer Care Center | • NCR-8405-7000 • Toll free for non-NCR- 1800-10-405-7000 |
| BASIC REQUIREMENTS | |
|---|---|
| Local | 1. Presentation of at least one (1) original valid photo-bearing ID, including Philippine Identification (PhilID) Card) Notes: • When necessary, branches shall require secondary proof of identification (e.g., billing statement of utilities or major credit cards in the name of the customer). • Identifying documents shall be signed by the customer. • SSC of referred customer shall be signed by the endorsing officer/employee of the Bank or valued customer. • The BH/BOO/BSO[1] who shall approve the opening of the deposit account may, at his discretion, confirm the same with the referring officer/employee or valued depositor of the Bank. 2. Two (2) recent ID photos (to be attached to CISSC/LOCIS and SSC) 3. Students who are beneficiaries of remittances/fund transfers and are not yet of voting age may be allowed to present the original school ID duly signed by the Principal or head of the school and submit a clear photocopy of the same. 4. Whenever necessary, the Branch may accept other IDs, provided that it shall not be the sole means of identification. 5. In case the identification documents mentioned above or other identification documents acceptable to the Bank do not bear any photo of the customer or authorized signatory, or the photo-bearing ID or a photocopy thereof does not clearly show the face of the customer or authorized signatory, the Branch may utilize own technology to take the photo of the customer or authorized signatory 6. Birth certificate of the child in case of parents opening an account in behalf of their child Notes: • The Branch shall retain a photocopy of the same duly authenticated by the NAC • The parent(s) shall still be identified in accordance with the requirements |
| Foreigner, all of the following: | 1. Passport 2. ACR/Diplomatic Identification Card issued by the DFA specifying status i.e., working, business, student or non-resident Note: • Foreign national whose working permit is under process shall be required to submit Certificate of Employment. |
| Court-appointed Fiduciary (Guardian, Administrator, Trustee or Receiver), all of the following: | 1. Original Copy of Court Order containing the Fiduciary’s appointment 2. Original Copy of Court Order authorizing the Fiduciary to open a deposit account with LANDBANK Note: • The Branch shall retain a photocopy of the Court Order duly authenticated by the NAC. |
| Single Proprietorship | 1. Certificate of Registration with the DTI 2. City/Municipal Mayor’s Permit |
| P300 Effectivity Date: Dec. 1, 2017 | |
As of Fri, April 26, 2024
| Buying | Selling | |
|---|---|---|
| JPY | 0.364423 | 0.378718 |
| EUR | 60.88343 | 63.227886 |
| GBP | 71.01648 | 73.751132 |
| HKD | 7.325222 | 7.869664 |
| USD | 57.55 | 58.05 |
As of Thu, April 25, 2024
| UITF | NAVPU |
|---|---|
| PERA Bond Fund | 1.091992 |
| Growth Fund | 2.476541 |
| Alpha Equity Fund | 3.089357 |
| Blue Chip Equity Fund | 0.957602 |
| Equity Fund | 0.797698 |
| High Dividend Equity Fund | 0.916452 |
| US$ Money Market Fund | 1.38553 |
| Global $ Fund | 1.43403 |
| Bond Fund | 1.881378 |
| Balanced Fund | 2.475779 |
| Cash Management Fund | 1.490839 |
| Money Market Fund | 1.258764 |
| Money Market Plus Fund | 1.171069 |
| PERA Money Market Fund | 0.996586 |
| Medium-Term Bond Fund | 2.323009 |
I want to know more
Customer Care Hotline
(+632) 8-405-7000
PLDT Domestic Toll Free
1-800-10-405-7000
Email Address
customercare@mail.landbank.com
