Important Customer Advisory on Maxi-Saver Savings Accounts
Effective July 1, 2021, there will be changes in the Terms and Conditions governing all Peso Retail Maxi-Saver Savings Accounts.
Changes in the Terms and Conditions of Peso Retail Maxi-Saver Savings Accounts are as follows:
Item | From | To | ||||
ADB1 Requirement | Php 50,000 / Php 75,0002 | Php 2 Mn | ||||
Required Daily Balance3 To Earn Interest | Php 50,000 / Php 75,000 | Php 2 Mn | ||||
Applicable Interest Rates Per Annum | ADB | Base | Bonus | ADB | Base | Bonus |
Less than Php 50,000 / Php 75,000 | N/A | Less than Php 2 Mn | N/A | |||
Php 50,000 / Php 75,000 < Php 5 Mn | 0.125% | 0.125% | ||||
Php 5 Mn and up | 0.250% | 0.125% | Php 2 Mn and up | 0.125% | 0.125% | |
Withdrawal Limit Per Month | 6 withdrawals; lowest interest-bearing tier applies beyond 6 withdrawals | Not applicable | ||||
Monthly Service Charge4 for Falling Below ADB | Php 300 | Php 300 |
All other Terms and Conditions shall remain unchanged and in full force and effect.
We will be communicating to customers with Peso Retail Maxi-Saver Savings Accounts in the coming weeks about these changes to the above-stated deposit product. Kindly ensure that your contact details with the bank are updated.
1 ADB refers to Average Daily Balance, which is defined as the sum of the daily end-of-day balances in the account for a month divided by the number of days in that month. The formula for computing ADB is as follows:
ADB = (Day 1 ending balance + Day 2 ending balance …+ Day 30/31 ending balance)
Number of days in the month (i.e. 30/31 days)
2ADB requirement for Debit card is Php 50,000, while ADB requirement for Passbook is Php 75,000
3Daily Balance is equivalent to end-of-day balance
4Monthly Service Charge applies if account falls below the required minimum average daily balance for two consecutive months.
Updated as of June 1, 2021
- Maxi Saver Change in T&Cs
For inquiries and comments, send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.
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