- A Peso or US Dollar Savings and Time Deposit Account for Individuals 60 years old and above
- Can be opened singly or jointly, provided one of the account holders is 60 years old and above
- Higher interest rate than regular Savings and Time Deposit Account
- Peso Savings Account that offers option for an ATM Card that can be used for Point-of-Sale and online purchase transactions
- Priority servicing of deposit and withdrawal transactions
- Initial deposit requirements
- Savings Account: P5,000.00 or US$100.00
- Time Deposit: P50,000.00 or US$1000.00
- Tenure (Time Deposit): 18days to 365 days
|Minimum Daily Balance Requirement||P5,000.00|
|ADB to earn interest||P5,000.00|
Interest rate subject to 20% withholding tax.
|US DOLLAR ACCOUNT|
|Minimum Daily Balance Requirement||$100.00|
|ADB to earn interest||$100.00|
Interest rate subject to 7.5% withholding tax.