BPI Deposits and Rates

Here's a summary of the existing BPI Peso deposit products. 

BPI
Product	Required Initial Deposit	Required Maintaining balance / Average Daily Balance	Balance to Earn Interest	Interest	Type of Account / Remarks
Jumpstart Savings	Php 100.00	Php 1,000.00	Php 2,000.00	0.25%	Jumpstart is an account for kids/teens aging 10-17 years old. Maintaining balance must be met after one year of opening the account.
Easy Saver	Php 200.00	Php 0.00	Php 1,000.00	0.25%	Easy Saver has no maintaining balance. No need to worry for service charges. ATM card has an initial fee of Php 50.00 and every debit transaction (ATM withdrawal, EPS, etc.) has a charge of Php 5.00.

Express Teller Savings

Php 500.00

Php 3,000.00

Php 5,000.00

0.25%

ATM savings account that requires maintaining balance. Can be used for remittance and EPS (debit) transactions.

Passbook Savings

Php 10,000.00

Php 10,000.00

Php 25,000.00

0.25%

Monitor your savings and transactions on a passbook.

BPI Advance Savings Account with Passbook	Php 100,000.00	Php 100,000.00	Php 100,000.00	Less than 100,000.00		N.A.	You can reap the interest in advance every time you deposit.
				100,000 -299,999		1.250%
				300,000 – 499,999		1.250%
				500,000 – 999,999		1.375%
				1M and up		1.500%
Maxi-Saver Savings with ATM	Php 50,000.00	Php 50,000.00	Php 50,000.00	Less than 50,000.00		N.A	Get a .5% bonus if you don’t withdraw within a month.
				50,000 -299,999		0.625%
				300,000 – 499,999		0.750%
				500,000 – 999,999		0.875%
				1M and up		1.000%
				With 0.5% BONUS p.a. if no withdrawal within a month
Maxi-Saver Savings with Passbook	Php 75,000.00	Php 75,000.00	Php 75,000.00	Less than 75,000.00		N.A	Get a .5% bonus if you don’t withdraw within a month.
				75,000 -299,999		0.625%
				300,000 – 499,999		0.750%
				500,000 – 999,999		0.875%
				1M and up		1.000%
				With 0.5% BONUS p.a. if no withdrawal within a month
Get Started (ATM)	Php 25,000.00	Php 25,000.00	Php 25,000.00	0.25%			Has free life insurance coverage equivalent to 5x of your saving’s account balance. No medical checkup needed and has same day coverage upon opening.
Get Started (Passbook)	Php 75,000.00	Php 75,000.00	Php 75,000.00	0.25%			Has free life insurance coverage equivalent to 5x of your saving’s account balance. No medical checkup needed and has same day coverage upon opening.
BPI Save-Up Automatic Savings + Insurance	None	Php 1,000.00	Php 5,000.00	0.25%			Setting aside a portion of your income automatically. Account can be enrolled online. **This comes with an insurance coverage 5x of your  average monthly balance
BPI Save-Up High Automatic Savings	None	Php 1,000.00	Php 5,000.00	5,000 – 49,999	0.250%		Setting aside a portion of your income automatically. Account can be enrolled online. The higher your balance, the higher the rate.
				50,000 – 299,999	0.625%
				300,000 – 499,999	0.750%
				500,000 and Up	0.875%

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BDO Deposits and Rates

Here's a summary of the existing BDO Peso deposit products. 

BDO
Product	Required Initial Deposit	Required Maintaining balance / Average Daily Balance	Balance to Earn Interest	Interest	Type of Account / Remarks
Peso Passbook Savings Account (with or without ATM)	Php 5,000.00	Php 5,000.00	Php 5,000.00	0.25%	For secured and conservative way of monitoring account.
Peso ATM (without passbook)	Php 2,000.00	Php 2,000.00	Php 5,000.00	0.25%	Enjoy shopping with your ATM card and enjoy savings too.
Optimum Peso Savings Account --- Personal	Php 30,000.00	Php 30,000.00	Php 30,000.00	Please call or visit your prefered BDO Branch for the latest interest rates	If you want an account that yields higher interest as you grow your deposits. Withdrawal is free of charge for the three (3) times a month.
Junior Savers Club	Php 500.00	Php 100.00	Php 500.00	0.25%	A savings account for children. Ages 12 and below.
Power Teens Club	Php 2,000.00	Php 2,000.00	Php 2,000.00	0.25%	This is intended for teen aging 13-19 years old. It can be a passbook or atm account. The atm account can be used as a shopping card.
Club 60 Peso	Php 5,000.00	Php 5,000.00	Php 5,000.00	PHP 5,000 to 49,999 - 0.25% PHP 50,000.00 and over - 0.3750%	Available for individuals who are atleast 60 years of age.

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How to avoid ATM Scam

Who doesn’t want to protect their hard-earned money in the bank?  In the first place, you put your money in the bank to get more security and experience some growth for the money you are saving. Right? Most accounts nowadays are being placed in a savings ATM account. We all wanted easier banking transaction of withdrawing money from our account and convenient to our time as well. But along with the increasing use of ATMs, are the protruding crimes along with it. ATM scam has been threatening news to most ATM cards users.  Most banks already took action in preventing ATM scams such as improving their ATM systems. That includes installation of pin pad shields and even daily inspections. For us, customers we take extra caution in using the machine. Here are some few reminders and tips to avoid ATM SCAM:

      CHANGE PIN REGULARLY

       KEEP your PIN to YOURSELF ONLY. Do not write them on your ATM CARD.

      When entering your PIN always COVER it  with your hand.

       Check ATM machines for card readers

 Use your ATM Card only in SECURE places. 

If you suspect that your account data is compromised, immediately inform your bank and have it replaced. Also, if not used internationally, deactivate international function/connectivity. It has been known that ATM syndicate operates internationally specially in countries such as Taiwan and Sri Lanka that were thought to be behind card skimming operations.

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Top Banks in the Philippines

One of the most commonly used landmarks (aside from malls and hospitals) are banks. They are strategically located and are designed to be accessible for customers. Banks also play a vital role in our economic and business systems. They work like a backbone for financial transactions of various activities in our economy. The big influence of banks within the economic financial structure defines somehow the development of a country.

The Philippine banking structure is very dynamic. I had once posted a List of Universal Banks in the Phil.. Aside from that these are commercial banks, thrifts banks and rural banks existing as well. All these banks are licensed by  Bangko Sentral ng Pilipinas  (Central bank of the Philippines).

Assets, Deposits, Capitals, Investments, Remittances and Loans are things being considered decidedly on the following top ranking banks in our country:

Banco de Oro

Banco de Oro Unibank Inc is owned by Mr. Henry Sy (under SM Group of Companies). It was the first Philippine bank to claim a milestone of over one trillion asset base. BDO has been known on its famous tag-line “ We find ways”.  They did find ways of extending service to customers by being the first to have banking operations during weekends and even extended hours on a regular banking day.

Metropolitan Bank and Trust Company (Metrobank)

Metrobank is owned by Mr. George Ty. It has big network of about 800 branches and subsidiaries worldwide. Metrobank is one of the most popular banks for me when I was young . They are very famous for this line: “YOU”RE IN GOOD HANDS” in Metrobank.

Bank of the Philippines Islands

BPI is the oldest bank both in the Philippines and in Southeast Asia. BPI is known for its innovation in technology  and even tagged as country’s most profitable bank. BPI is owned by Ayala Corporation and it comprises the largest banking network in the country.

And well, I am proud to work for this bank and we say: “Let’s make it easy”.

Land Bank of the Philippines

Land Bank is owned by the Philippine government and has a very large rural branch networks. Thus, it

provide services especially inclined to rural sectors like our fishermen, farmers and the like. I also observed that most government offices payroll facility is under this bank.

Other top banks include Rizal Commercial Banking Corporation (RCBC), Development Bank of the Philippines (DBP), Philippine National Bank, Unionbank, Chinabank and Security Bank. I hope to feature them on one of my posts.

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I will INVEST in Myself

I was browsing over Randell Tiongson’s previous posts when I stopped by reading an excerpt from his book: Invest in Yourself. (By the way Randell Tiongson is one of the aggressive financial gurus/advisers  here in the Philippines)

*Photo grabbed at http://www.randelltiongson.com/invest-in-yourself/

He said and I quote “I believe the best way to earn is to first invest on your best performing asset—You! Improving yourself will be the best way for you to earn better. Have you ever honestly asked the question, ‘Am I investing in myself?’”

And so I asked myself, Am I investing in myself? What are the things that I have done to enhance my skills or improve my self-value and knowledge.  I seldom read books or newspapers. I was even more updated to Showbiz news and Teleseryes (tsk2). Much of my time over the web is spent on reading facebook statuses and twitter updates. I have attended seminars solely because it was a job requirement. Thus, I haven’t invested much time, effort and money in improving myself.  I can only remember learning again when I was teaching last first Semester 2012. I wanted to go back to school and take a Masters degree but then it didn't materialize yet.

So, I think this is a posted CHALLENGE to me today. To invest on my best performing asset : MYSELF. As Randell mentioned on his post, read a lot. Read about leadership, financial articles, news, literature, etc. Take reading materials that can widen your horizon and even develop one’s vocabulary and even writing skills. Take time to attend seminars and talks that would be self-enriching and would add value to you. Converse with a lot of people (those who talk with sense) and engage one’s self to opportunities for growth.

I agree with Randell when he said that the best ever investment one can make is investing on one’s self. I  am accepting this challenge. I will invest on my beloved self. You should too. :)

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BPI Deposit Real Thrills : April 16-June 15, 2012

BPI never runs out of thrills for its new and existing clients. Today, you are being rewarded while you are saving. Just for every deposit of atleast P150,000 you'll get to enjoy exciting at the same time valuable rewards (gift items).

Here's the mechanics (This can also be viewed at Promo Mechanics for BPI Deposit Real Thrills:) 

1. Promo is open to all new and existing individual clients of BPI, BPI Family Savings Bank or BPI Direct Savings Bank*. Promo period is from April 16 – June 15, 2012.
2. To join, simply deposit at least Php 150,000 in fresh funds (or its equivalent in foreign currency) to a new or existing Savings or Checking account.
3. Promo availment is for every deposit made for a minimum of Php 150,000. Complimentary gift will be based on which tier availment client will fall under.

   TIER	Amount (in PHP)
   TIER A	150,000
   TIER B	500,000
   TIER C	1,000,000
   TIER D	5,000,000

4. Complimentary gift from the following merchant partners will be in the form of a Gift Certificate.

   Abenson	Rustans
   Automatic Centre	PAL
   Citi Appliance	Mercury Drug
   National Bookstore	Fitness First
   Petron	Belo Medical
   Metro Gaisano	Bench

5. In case a specific item is no longer available at the time of redemption, a replacement model or brand of equal value will be awarded.
6. Deposit, depending on the tier availed, will be put on hold. In the event that client fails to meet the hold-out requirement, the bank reserves the right to deduct the value of the complimentary gift.
   
   • For 3 months if account is / will be enrolled in 24/7 Banking Channels
   • For 4 months if account will not be enrolled in 24/7 Banking Channels
7. To claim the complimentary gift/s, clients must fill out the Claim Certificate and submit to the branch where the deposit was made.
8. Chosen gift/s cannot be replaced once purchase is made by the Bank.
9. Complimentary gift will be delivered to the branch where the deposit was made. Turn-around-time (TAT) for the processing of claims will be as follows:
   
   • GMMA: 12 banking days
   • Provincial: 15 banking days
10. Merchandise items can be exchanged or replaced only if they arrive in defective or damaged condition. For items under warranty, coordination will be directly with the supplier.
11. All account openings are subject to existing policies and procedures of the Bank.
12. In case of dispute, the decision of the BPI Unibank with concurrence of DTI will be final.

Visit your nearest branch today. The promo period isn't over. You may wish to contact me as well at (082) 224 53 40. Save and enjoy!

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BPI Facebook Fan Page

I am so excited on where BPI is leading for the next coming years. Right now, I'd like to invite friends and readers (banking or not banking with us) to like our new BPI Facebook Fan Page : http://www.facebook.com/bpi


What can you expect from the site:

• More updates about BPI.

• Seek help and financial assistance (TALK TO US)

• TIPS on financial wellness

Let's make it easy at BPI! :)

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