Retirement Savings Plus Deposit
SECURE your future and enjoy peace of mind with a RETIREMENT SAVINGS PLUS deposit that encourages long-term savings, builds financial security, and helps you prepare for a comfortable retirement.
Retirement Planning
Flexible Contributions
Long-Term Savings Growth
Financial Security for Retirement
Tax Free Earnings
| 4% Interest Rate Per Annum |
|---|
| Initial Deposit of ₱10,000.00. |
| Lock-in for 5 years - Flexible Deposit). |
| At least ₱2,000.00 in share capital. |
| At least ₱1,000.00 in savings. |
| Free Accidental Insurance for 5 years. |
| Sample Computation: | |
|---|---|
| Initial Deposit | : Php 10,000.00 |
| Monthly Fixed Deposit | : Php 5,000.00 |
| Annual Interest Rate | : 4% |
| Year | Principal | Additional Deposit | Yearly Interest (4% per annum) | Accumulated Deposit |
|---|---|---|---|---|
| 0 | Initial Deposit | ₱10,000.00 | --- | ₱10,000.00 |
| 1 | ₱10,000.00 | ₱60,000.00 | ₱1,518.19 | ₱71,518.19 |
| 2 | ₱71,518.19 | ₱60,000.00 | ₱4,021.98 | ₱135,540.17 |
| 3 | ₱135,540.17 | ₱60,000.00 | ₱6,627.68 | ₱202,167.86 |
| 4 | ₱202,167.86 | ₱60,000.00 | ₱9,339.43 | ₱271,507.29 |
| 5 | ₱271,507.29 | ₱60,000.00 | ₱12,161.55 | ₱343,668.84 |
| TOTAL | ₱310,000.00 | ₱33,668.84 | ₱343,668.84 | |
| Sample Computation: | |
|---|---|
| Initial Deposit | : Php 10,000.00 |
| Monthly Fixed Deposit | : Php 5,000.00 |
| Annual Interest Rate | : 4% |
| Year | Principal | Additional Deposit | Yearly Interest (4% per annum) | Accumulated Deposit |
|---|---|---|---|---|
| 0 | Initial Deposit | ₱10,000.00 | --- | ₱10,000.00 |
| 1 | ₱10,000.00 | ₱120,000.00 | ₱2,629.38 | ₱132,629.38 |
| 2 | ₱132,629.38 | ₱120,000.00 | ₱7,620.40 | ₱260,249.78 |
| 3 | ₱260,249.78 | ₱120,000.00 | ₱12,814.56 | ₱393,064.34 |
| 4 | ₱393,064.37 | ₱120,000.00 | ₱18,220.12 | ₱531,284.46 |
| 5 | ₱531,284.46 | ₱120,000.00 | ₱23,845.68 | ₱675,130.14 |
| TOTAL | ₱610,000.00 | ₱65,130.14 | ₱675,130.17 | |