Savings

Regular Savings


Characteristics:

Purpose:

To have liquid savings available for inopportune times.

Definition:

REGULAR SAVINGS – Liquid savings account that can be withdrawn without any notice. It is an interest-bearing account with no contractual maturity for convenient access to funds through over the counter withdrawals or day- to-day transactions.


Policy Statements:

  1. Eligibility
  2. All Filipinos of legal age.

  3. Qualifications
    • Members of Oro Integrated Cooperative;
    • Must have undergone Pre – Membership Education Seminar.
SAVINGS PRODUCT INTEREST RATE PER ANNUM INITIAL DEPOSIT REQUIRED TO OPEN MAINTAINING BALANCE TO EARN INTEREST INTEREST CREDIT PENALTIES FOR FALLING BELOW MAINTAINING BALANCE OTHER REQUIREMENTS/FEATURES
REGULAR SAVINGS 2.00% ₱ 100.00 ₱ 500.00 ADB Quarterly ₱ 10.00/Transaction