Announcements
Jun 01, 2021
Effective July 1, 2021, there will be changes in the Terms and Conditions governing all Peso Retail Maxi-Saver Savings Accounts.
Changes in the Terms and Conditions of Peso Retail Maxi-Saver Savings Accounts are as follows:
| Item | From | To | ||||
| ADB1 Requirement | Php 50,000 / Php 75,0002 | Php 2 Mn | ||||
| Required Daily Balance3 To Earn Interest | Php 50,000 / Php 75,000 | Php 2 Mn | ||||
Applicable Interest Rates Per Annum | ADB | Base | Bonus | ADB | Base | Bonus |
| Less than Php 50,000 / Php 75,000 | N/A | Less than Php 2 Mn | N/A | |||
| Php 50,000 / Php 75,000 < Php 5 Mn | 0.13% | 0.13% | ||||
| Php 5 Mn and up | 0.25% | 0.13% | Php 2 Mn and up | 0.13% | 0.13% | |
| Withdrawal Limit Per Month | 6 withdrawals; lowest interest-bearing tier applies beyond 6 withdrawals | Not applicable | ||||
| Monthly Service Charge4 for Falling Below ADB | Php 300 | Php 300 | ||||
1 ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month. The formula for computing ADB is as follows:
ADB = (Day 1 ending balance + Day 2 ending balance …+ Day 30/31 ending balance)
Number of days in the month (i.e. 30/31 days)
2ADB requirement for Debit card is Php 50,000, while ADB requirement for Passbook is Php 75,000
3Daily Balance is equivalent to end-of-day balance
4Monthly Service Charge applies if account falls below the required minimum average daily balance for two consecutive months.
All other Terms and Conditions shall remain unchanged and in full force and effect.
We will be communicating to customers with Peso Retail Maxi-Saver Savings Accounts in the coming weeks about these changes to the above-stated deposit product. Kindly ensure that your contact details with the bank are updated.
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| BPI is regulated by the Bangko Sentral ng Pilipinas