*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) |
**Daily Balance is equivalent to end-of-day balance.
***Interest earned shall be credited quarterly to your savings (except for Maxi-Saver where interest earned is credited monthly and BPI Advance) and/or current account(s) provided that the account has not been closed prior to schedule of interest crediting. Interest earnings will be subject to the applicable final withholding tax rate as prescribed by law.