According to the Central Bank of the Philippines, the following are the top 5 Best Performing Banks in the Philippines based on their assets. These banks are not just the best but also the biggest banks in the country.
1. BDO Unibank Inc. —2,665,307.23
2. Metropolitan Bank & Trust Co. —1,705,575.78
3. Bank of the Philippines Island —1,649,267.36
4. Land Bank of the Philippines —1,633,082.18
5. Philippine National Bank —788,835.37
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Here are the following requirements if you are interested in opening a savings account in the top five best bank in the country.
1. BDO Unibank — There are six types of Peso Savings Account you may choose from;
1. BDO Unibank — There are six types of Peso Savings Account you may choose from;
A. Peso Passbook Savings (with or without ATM)
- Minimum Initial Deposit — P5,000
- Minimum MADB Requirements — P10,000
- Minimum Balance to Earn Interest — P10,000
B. Peso ATM Debit Card (without passbook)
- Minimum Initial Deposit — P2,000
- Minimum MADB Requirements — P2,000
- Minimum Balance to Earn Interest — P5,000
C. Optimum Savings
- Minimum Initial Deposit — P30,000 (Personal); P50,000 (Business)
- Minimum MADB Requirements — P30,000 (Personal); P50,000 (Business)
- Minimum Balance to Earn Interest — P30,000 (Personal); P50,000 (Business)
D. Junior Savers
- Minimum Initial Deposit — P100
- Minimum MADB Requirements — P100
- Minimum Balance to Earn Interest — P2,000
E. Prime Savers
- Minimum Initial Deposit — P2,000
- Minimum MADB Requirements — P2,000
- Minimum Balance to Earn Interest — P5,000
F. Direct Deposit
- Minimum Initial Deposit — P0
- Minimum MADB Requirements — P0
- Minimum Balance to Earn Interest — P5,000
How to Open a Savings Account in BDO and what are the requirements
- Visit BDO Branch near you
- Present the original copy of at least two valid IDs
- Prepare the minimum initial deposit
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2. Metrobank Savings Account — the following are the various types of Savings Account offered by Metrobank:
A. Passbook Savings Account
- Minimum initial deposit — P10,000
- Minimum maintaining balance — P10,000
- Balance required to earn interest —P10,000
B. Metrobank Debit or ATM Savings Account
- Minimum initial deposit — P2,000
- Minimum maintaining balance — P2,000
- Balance required to earn interest — P10,000
C. Fun Savers Club
- Minimum initial deposit —P100
- Minimum maintaining balance — P500
- Balance required to earn interest —P4,000
D. OFW Peso Savings Account
- Minimum initial deposit — P0
- Minimum maintaining balance —P0
- Balance required to earn interest — P10,000
How to apply for Metrobank Savings Account?
- Phone Call — +632-8700-700 or 1-800-1888-5775
- Face to Face — Visit the nearest Metrobank branch!
Requirements:
- 3 copies of pictures
- The government issued valid ID card
- Initial deposit
- Proof of billing
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3. Bank of the Philippine Island (BPI)
A. BPI Padala Moneyger
- Required Initial Deposit — P0
- Required Minimum Monthly ADB — Waived. As long as there are 4 remittance transaction in a year
- Required Daily Balance to Earn Interest —P5,000
B. Jumpstart Saver
- Required Initial Deposit — P100
- Required Minimum Monthly ADB — P1,000
- Required Daily Balance to Earn Interest —P2,000
C. Kaya Savings
- Required Initial Deposit — P200
- Required Minimum Monthly ADB — N.A.
- Required Daily Balance to Earn Interest —P1,000
D. Express Teller Savings
- Required Initial Deposit — P500
- Required Minimum Monthly ADB — P3,000
- Required Daily Balance to Earn Interest —P5,000
E. Passbook Savings
- Required Initial Deposit — P10,000
- Required Minimum Monthly ADB — P10,000
- Required Daily Balance to Earn Interest —P25,000
F. BPI Advance Savings Account with Passbook
- Required Initial Deposit — P100,000
- Required Minimum Monthly ADB — P100,000
- Required Daily Balance to Earn Interest —P100,000
G. Maxi-Saver(4) Savings with Debit Card (ATM Card)
- Required Initial Deposit — P50,000
- Required Minimum Monthly ADB — P50,000
- Required Daily Balance to Earn Interest —P50,000
H. Maxi-Saver(4) Savings with Passbook
- Required Initial Deposit — P75,000
- Required Minimum Monthly ADB — P75,000
- Required Daily Balance to Earn Interest —P75,000
Requirements and How to Apply for BPI Savings Account
Visit the nearest branch in your area and bring the following;
- Valid, unexpired, photo-bearing Identification Card (ID) with signature
- Initial deposit
A. ATM Savings Account
- Required Initial Deposit — P500
- Required Minimum Monthly ADB — P500
- Required Daily Balance to Earn Interest —P2,000
B. Easy Savings Plus (ESP)
- Minimum Initial Deposit— P20,000
- Required Minimum Monthly ADB—P20,000
- Required Daily Balance to Earn Interest — P20,000
C. Regular Passbook Savings Account
- Minimum Initial Deposit — P10,000
- Required Minimum Monthly ADB — P10,000
- Required Daily Balance to Earn Interest — P10,000
Requirements and How to Apply for Landbank Savings Account
- Visit the nearest Landbank Branch in your area
- Bring at least one Valid ID
- Initial deposit
A. PNB Superteller ATM
- Initial Deposit — P3,000
- Minimum Maintaining Balance — P3,000
- Minimum ADB to Earn Interest — P10,000
B. PNB Passbook Savings
- Initial Deposit —P10,000
- Minimum Maintaining Balance—P10,000
- Minimum ADB to Earn Interest—P15,000
C. Direct Deposit Program
- Initial Deposit — P100
- Minimum Maintaining Balance—P100
- Minimum ADB to Earn Interest— P5,000
D. PNB Prime Savings Account
- Initial Deposit—P50,000
- Minimum Maintaining Balance—P50,000
- Minimum ADB to Earn Interest —P100,000
Requirements and How to Apply for PNB Savings Account
- Visit the nearest PNB Bank in your area
- Bring at two IDs
- 2 ID pictures (1x1 or 2x2)
- Initial deposit
- Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form
Looking for the best bank in terms of interest rate? Read: 10 Best Banks to Open Savings Account in the Philippines
This article is filed under savings account, best bank to open a savings account, deposit account, bank interest, assets, minimum deposit, bank loans, and interest rate.
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