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Passbook Savings

Initial Deposit Requirement

  • P 5,000
     

Minimum Monthly Average Daily Balance (ADB) Requirement

  • P 5,000
     

Minimum Balance to Earn Interest

  • P 10,000
     

Interest Rate*

  • 0.125% per annum, subject to 20% withholding tax
     

Documentation

  • Passbook
     

Access Points

  • Branch
  • China Bank Online
     

Others

  • PDIC coverage: Maximum deposit insurance for each depositor P500,000

*Same rate applies to savings account with automatic transfer arrangement (ATA)

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