Deposit

Our Deposit Products

Regular Deposit

Regular Deposit
Initial Deposit to open an Account Php 500.00
Minimum Maintaining Deposit amount to earn Interest Php 1,000.00
Savings Interest Rate 2.00% per annum
Tax Free

Time Deposit

Time Deposit
Amount 3 Months Interest Rate per annum 6 Months Interest Rate per annum 1 year Interest Rate per annum
Php 10,000.00 - Php 100,000.00 3.00% 3.25% 3.50%
Php 100,001.00 - Php 500,000.00 3.25% 3.50% 3.75%
Php 500,001.00 - Php 1,000,000.00 3.50% 4.00% 4.50%
Php 1,000,000.00 & above

Auto Debit Deposit

Auto Debit Deposit
A savings Deposit intended for AUTOMATIC PAYMENT OF LOAN
Serves as AUTO-DEBIT DEDUCTION ACCOUNT for required monthly loan amortization payment
Open to ALL MEMBER-BORROWER of Simbayanan
Have existing loan of Php 50,000 and above
Have a GOOD CREDIT RECORD FOR THE PERIOD OF 3 YEARS based on Branch assessment
INITIAL AND MAINTAINING DEPOSIT OF Php 2,000 PLUS ONE(1) MONTH AMORTIZATION PAYMENT RETAIN
Interest shall be computed based on PREVAILING SAVING RATE
CO-TERMINUS OF LOAN
REQUIRED TO ALWAYS BRING OR PRESENT PASSBOOK in making deposit
Example: Entrep Borrowers

Joint Saving Deposit

Joint Saving Deposit
A savings Deposit of two individuals with LEGAL AND BLOOD RELATIONSHIP to each other
AT LEAST ONE(1) MEMBER is already Regular or Associate member
INITIAL AND MAINTAINING DEPOSIT of Php 1,000
Interest shall be computed based on PREVAILING SAVINGS RATE
withdraw of deposits shall BE SIGNED BY BOTH INDIVIDUALS
REQUIRED TO ALWAYS BRING OR PRESENT PASSBOOK in making deposit or withdrawal. NO PASSBOOK, NO WITHDRAWAL

Pre-Laboratory Coop Member

Open to all 0 - 6 years old

Laboratory Coop Member
Share Capital P 25.00
Savings P 25.00
Membership Fee P 50.00
Interest 2% per Annum minimum balance P 1,000.00 in savings deposit

Laboratory Coop Member

Open to all 7 - 17 years old

Laboratory Coop Member
Share Capital P 25.00
Savings P 25.00
Membership Fee P 50.00
Interest 2% per Annum minimum balance P 1,000.00 in savings deposit