Regular Savings
Product Description
A type of savings accounts also known Mortuary Saving Account that allows you to have a passbook to deposit your money, earn fixed interest rate, and withdraw funds. It’s the first type of Savings Account that co-op members open due to its low initial deposit and maintaining balance requirements.
Purpose
A Regular Savings Account is a multi-purpose financial tool. It aids in achieving relaxation goals like vacations or hobbies by allowing regular income allocation. It provides a financial safety net for unpredictable medical emergencies. Moreover, it’s ideal for building an emergency fund, recommended to cover unforeseen situations like job loss or major repairs.
- 1% Interest Rate per annum
- Maintaining balance Php 500.00
- Can withdraw over the counter anytime during office hours
- With passbook to monitor the balance
Member's Testimony
SAVINGS PRODUCTS AND LOAN PRODUCTS
