Plant It, Save For It

Plan it, Save for it is a programmed savings account. It is best for members who save for specific goals or set targets. Deposits with this account is on regular basis for specific purposes and time periods. It has a higher interest rate than regular savings.

Features

• Planned savings with fixed term according to depositor’s purpose
• P100.00 initial deposit
• 5% interest rate per annum when deposits reach P1,000.00
• P100.00 minimum acceptable deposit per month
• All deposits and interest are withdrawable after maturity date
• 1 year minimum term automatically renewable every end of term
• May be pre-terminated with the following condition
  May be terminated prior to maturity but regular savings interest rate shall apply
  from date of opening/renewal.
• Can be applied as loan collateral to be electronically tagged as “HOLD-OUT” deposit.
• 85% of the total amount can be applied as “Loan against Deposit”.