Savings

CARD Bank, Inc. subscribes to the view that the poor can and does save. With this in mind, CARD Bank, Inc. offers different type of savings accounts, designed to meet the needs of members/clients. Allowing them to enjoy higher interest rates for their savings at low maintaining balance.

PLEDGE SAVINGS (FOR CENTER MEMBERS)

  • Gateway to CARD Bank, Inc. ownership
  • Compulsory savings of P50 a week with option to do voluntary deposit
  • Maintaining balance of P100 or 15% of loan principal (whichever is higher)
  • Minimum ADB of P500 to earn interest
  • With 2% * interest rate per annum
*Interest rates are subject to change without prior notice. Interest is subject to 20% withholding tax.

KAYANG-KAYA SAVINGS (REGULAR SAVINGS ACCOUNT)

  • An easy way to start savings
  • Minimum initial deposit of P200
  • Minimum ADB of P500 to earn interest
  • With 1.5% interest rate per annum

MATAPAT SAVINGS (ATM SAVINGS ACCOUNT)

  • Minimum initial deposit of P100
  • Minimum ADB of P500 earn interest
  • With 1% interest rate per annum
  • Can conveniently perform other bank transactions such as bills payment, reloading of mobile phone load, and domestic and international remittances
  • Easy to check account balance at anytime with mini statement slip

MAAGAP SAVINGS (KIDDIE SAVINGS ACCOUNT)

  • Minimum initial deposit of P100
  • Minimum ADB of P500 to earn interest
  • With 1.5% interest rate per annum
  • Automatically become a member of Maagap Savers Club
  • Freebies are given as incentive to savers depending on savings balance in a given period

TIWALA SAVINGS (SPECIAL SAVINGS DEPOSIT)

  • The purpose of this account is to encourage savings for different occasions and necessities e.g. Old age benefit, education, purchasing vehicle/equipment, house and lot acquisition.
  • With maturity terms of 35, 65, 95, 185 and 365 days
  • Minimum initial deposit of P10,000
  • Maintaining balance of P10,000
  • With 2% to 4.25% interest rate per annum, depending on the amount of deposit and terms
  • Allow increase and decrease in principal amount
  • With automatic rollover instruction

TAGUMPAY SAVINGS (RECURRING DEPOSIT)

  • With signed agreement/contract
  • Higher return upon maturity of 5 years term
  • Minimum fixed deposit amount of P100 for microfinance clients and P200 for non-microfinance clients
  • With 1.5% to 6%, depending on the maturity term

CHECKING ACCOUNT

  • It has checkbook facility ideal for business payment transactions
  • Must have existing Kayang-kaya or Pledge Savings
  • With initial and maintaining balance of P5,000
*Available only at San Pablo Branch

DOLLAR ACCOUNT

  • Minimum initial deposit of USD 100
  • Minimum USD 500 ADB to earn interest
*With .25% interest rate per annum. Available only at San Pablo Branch