Banco de Oro or BDO is one of the leading banks in the Philippines with numerous branches all over the country. In fact, you can see at least one branch in every SM mall.
It has many products and facilities that it offers to its customers such as saving account, credit cards, checking account, UITF, car loans, housing loans and a lot more. It is also providing Internet banking to its customers so they can do banking transactions any where they are at any time they want.
It is not hard to apply for a savings account at BDO. You only need some basic requirements like valid IDs, initial deposit and a proof of billing.
Below you can see the savings account interest rates of BDO so you can have an idea how much money can you get from the money you deposited. Usually, the interest rate will go around 0.5-2% depending on the type of account.
| Product Name | Minimum Balance to Accrue Interest | Interest Rate | |
|---|---|---|---|
| Peso Passbook Savings Account | Php 5,000.00 | 0.3750% | |
| Peso ATM | Php 5,000.00 | 0.3750% | |
| Peso Savings Account Payroll | Php 5,000.00 | 0.3750% | |
| Junior Savers Club | Php 500.00 | 0.3750% | |
| Power Teens Club | Php 2,000.00 | 0.3750% | |
| Club 60 Peso | Php 5,000 | Php 5,000 to 49,999 Php 50,000 and over |
0.3750% 0.6250% |
| Smart Guarantor | Php 5,000.00 | 0.3750% | |
| Kabayan Peso Savings Account | Php 5,000.00 | 0.3750% | |
| Savings Account w/ ATF – Personal | Php 25,000.00 | 0.3750% | |
| Savings Account w/ ATF – Commercial | Php 50,000.00 | 0.3750% | |
| Optimum Savings Account – Personal | Php 30,000 | Php 30,000 to 99,999 Php 100,000 to 249,999 Php 250,000 to 499,999 Php 500,000 to 999,999 Php 1,000,000 to 4,999,999 Php 5,000,000 to 9,999,999 Php 10,000,000 and over |
1.2500% 1.3750% 1.5000% 1.6250% 1.7500% 1.8750% 2.0000% |
| Optimum Savings Account – Commercial | Php 50,000 | Php 50,000 to 99,999 Php 100,000 to 249,999 Php 250,000 to 499,999 Php 500,000 to 999,999 Php 1,000,000 to 4,999,999 Php 5,000,000 to 9,999,999 Php 10,000,000 and over |
1.2500% 1.3750% 1.5000% 1.6250% 1.7500% 1.8750% 2.0000% |
Please be reminded that the interest rates indicated above may be changed anytime so you should BDO’ site for the updated list of interest rates. If you notice here, the interest given by savings account is very small but it is a guaranteed earnings from the money you invested.
{ 6 comments… read them below or add one }
may i know how much is the interest rate offered for time deposit for 30 days/60 days/90 days etc.?
HI there,
Please visit this link to answer your question: http://learnfinancialeducation.com/time-deposit-rates-of-banks-in-the-philippines/
Hi,
Please visit this link: http://learnfinancialeducation.com/time-deposit-rates-of-banks-in-the-philippines/
I have a friend who save his money at BDO with an amount of 3000 pesos and after 1year he withdraw his cash and received only an amount of 1,000 pesos. I am planning to save at BDO bt I’m thinking that it might lessen my savings. Please help. text me at cp 09264202682
for the interest rate is it annually or monthly???
Hi nene,
The interest rate is paid annually. It is very low, right?
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