A special deposit account with minimum placement of ₱1,000,000.
MINIMUM PLACEMENT | ₱1,000,000 | |
MINIMUM TERM | 30 days | |
INTEREST RATE (PER ANNUM) | Based on LANDBANK's posted rates, terms and amount | |
PRE-TERMINATION RATE / PENALTY | Interest rate shall be pro-rated: • 15 days and below = 1/4 of the given rate or prevailing savings rate whichever is higher • more than 15 days = 1/2 of the given rate or prevailing savings rate whichever is higher | |
DOCUMENTARY STAMP TAX (DST) | • Charged to Bank upon initial placement and every renewal • Charged to depositor if pre-terminated |
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