bdo optimum savings account

BDO Optimum Savings

BDO Optimum Savings Account

BDO Optimum Savings is a BDO Peso Savings Account Product that gets higher interest rates as you build up your deposit balance.

BDO Optimum Savings Account Features:
1. Minimum Initial Deposit
a. Personal - P30,000
b. Business - P50,000

2. Minimum Monthly Average Daily Balance Requirement -
a. Personal - P30,000
b. Business  - P50,000

3. Minimum Monthly Average Daily Balance to earn interest
a. Personal - P30,000
b. Business - P50,000

4. Withdrawal transaction per month - free of charge up to 3 times a month.
On the 4th and subsequent withdrawals - P110 per withdrawal will be deducted from your account.
5. Dormancy Fee - P30.00

Dormant - When there has been no financial activity for a long period of time, other than the posting of interest, an account can be classified as dormant.

BDO Dormancy - 

1. A savings account is dormant if it has no client-initiated activity for two (2) years.
2. Collection will start five (5) years after the last client-initiated activity date.
3. The revised collection and dormancy fee is effective on April 25, 2017.

6. Falling below minimum MADB requirement for two (2) consecutive months - A charge of P300 deducted from your account.

7. If You close your account within 30 days from the opening date - you will be charged P300

BDO Optimum Savings Account Interest Rate - subject to change, call, or visit your preferred BDO Branch for the latest interest rates. The average interest rate for similar products of competing banks are slightly higher than .250% per annum (year)