The Two Frugals

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Best Savings Account in the Philippines

Ready to create your savings account? How do we choose the right bank to open a savings account with?  We narrowed down the best saving accounts in the Philippines.

coinbank

1. BDO Optimum Peso Savings Account – Corporate1. BDO Optimum Peso Savings Account – Corporate

bdo

  • Interest: 1.25%
  • Initial Deposit: 50,000
  • Balance to earn interest: 50,000
  • Details: Save more with higher interest rates and withdraw from your account for free up to 3 times a month.

2.Security Bank eSecure Savings Account

secbank

  • Interest: 1.20%
  • Initial Deposit: 500
  • to earn interest: 5,000
  • Details: Higher-earning savings account for existing Peso CASA clients that is designed to get you more from your savings

3. BPI Advance Savings Account

bpi

  • Interest: 0.75%
  • Initial Deposit: 100,000
  • Balance to earn interest: 100,000

4. Citi Citi e-Savings

4citibank

  • Interest: 0.75%
  • Initial Deposit: 100,000
  • Balance to earn interest: 100,000
  • Details: High interest earning savings account that lets you enjoy frree and unlimited Citibank Online funds transfer

5. Maybank Yippie Savings Account

5maybank

  • Interest: 0.50%
  • Initial Deposit: 500
  • Balance to earn interest: 5,000
  • Details: Open a savings account for your children ages 12 years old and below that comes with a personal accident insurance

Premium Checking Account

1. Citibank Peso Bonus Saver Account

4citibank

  • Interest rate p.a.: 0.7% to 1.9%
  • Initial deposit: P50,000 (but a client must have at least P500,000 worth of deposit accounts and investments with Citibank)
  • Minimum ADB (average daily balance): P50,000
  • Minimum balance to earn interest: P50,000
  • Minimum balance to earn maximum interest: P4 million or 12 consecutive monthly deposits worth P5,000
  • Account access: ATM BancNet (no charge), online, over the counter

2. Security Bank Premium Build Up Savings

secbank

  • Interest rate p.a.: 1.0%
  • Initial deposit: P50,000
  • Minimum ADB: P50,000
  • Minimum balance to earn interest: P50,000
  • Minimum balance to earn maximum interest: P50,000
  • Account access: ATM, online banking, over the counter, mobile banking

3. Sterling Bank of Asia Bayani OFW Savings Account

sterling

  • Interest rate p.a.: 1.0%
  • Initial deposit: Not required
  • Minimum ADB: None, as long as remittances are deposited to the account at least once a year
  • Minimum balance to earn interest: P2,000
  • Minimum balance to earn maximum interest: P2,000
  • Account access: Over-the-counter transactions, ATMs (Comes w/ Bayani OFW Visa Card), Sterling Bank Online, BancNet online

4. BPI Family Savings Bank Advance Savings Account with passbook

bpi

  • Interest rate p.a.: 1.0% to 1.75%
  • Initial deposit: P100,000
  • Minimum ADB: P100,000
  • Minimum balance to earn interest: P100,000
  • Minimum balance to earn maximum interest: P1 million
  • Account access: Passbook, online banking

5. PSBank Premium Checking account

sterling

  • Interest rate p.a.: 0.5% to 1.25%
  • Initial deposit: P25,000 Minimum ADB: P25,000
  •  Minimum balance to earn interest: P25,000
  • Minimum balance to earn maximum interest: P10 million Account access:
  • Checkbook, ATM, record book, PSBank Online, PSBank Mobile

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