Deposit Products

BASIC SAVINGS DEPOSIT

  • 100 initial deposit
  • no maintaining balance
  • non-interest earning
 

REGULAR SAVINGS DEPOSIT

  • 500 initial deposit
  • 500 maintaining balance
  • 5,000 average daily balance
  • interest rate 0.25%p.a

PLUS SAVINGS DEPOSIT 

  • 50,000 initial deposit
  • two maximum withdrawals per month.
  • higher interest rate than regular savings account.

Rates for Plus Savings Deposit (PSD)

50,000.00         to         499,999.99       1.75% p.a
500,000.00       to         999,999.99       2.00% p.a
1,000,000.00    to         1,999,999.99    2.50% p.a
2,000,000.00    and      over                   3.00% p.a

CHECKING ACCOUNTS

  • 5,000 initial deposit
  • 5,000 average daily balance
  • 10,000 average daily balance to earn interest
  • interest rate 0.25% p.a

 

TIME DEPOSITS

    1. Ordinary ( 50,000 minimum deposit )
    2. No Final Withholding Tax ( 50,000 minimum deposit )

Rates for CTD Ordinary and NFWT Fresh Funds

50,000.00         to          499,999.99          2.00% p.a
500,000.00       to          999,999.99          2.25% p.a
1,000,000.00    to          1,999,999.99       2.75% p.a
2,000,000.00    and      over                       3.25% p.a

      3. Fixed Rate ( 500,000 minimum deposit )

Rates for Fixed Rate Fresh Funds

500,000.00       to          999,999.99          2.50% p.a
1,000,000.00    to          1,999,999.99       3.00% p.a
2,000,000.00    and       over                      3.50% p.a

 

*rates are subject to change

Requirements For Account Opening

Savings Account Deposit

Individual:

  • Two valid IDs*
  • Billing statement
  • 2 pcs. 1×1 picture
*Please be advised that pursuant to the directives of RA 1055 and its IRR, The PhilID shall be accepted as a valid ID 
 
Corporate:
  • SEC Certificate of Filing Articles of Incorporation
  • SEC Certificate of Filing Articles of By-Laws
  • Articles of Incorporation and By-Laws
  • Board Resolution duly certified by the Corporate Secretary, designating Biñan Rural Bank, Inc. as its depository bank and designated Authorized signatories
  • Certificate of Tax Exemption / Preferential Tax Treatment ( if exempt from withholding tax )
  • Business Permit
  • Latest General Information Sheet
  • Proof of Billing
  • For each Authorized Signatory, the following is required:  a.) Photocopy of 2 valid IDs ( official personal identification in an unexpired official document ) that bears a photograph of the individual. b.) Utility bill ( for confirmation of billing address )
 

Current Account Deposit

Individual:

  • Two valid IDs* 
  • Billing statement
  • 2 pcs. 1×1 picture
  • Business Permit
  • DTI
  • Mayor’s Permit
*Please be advised that pursuant to the directives of RA 1055 and its IRR, The PhilID shall be accepted as a valid ID

Corporate:
  • SEC Certificate of Filing Articles of Incorporation
  • SEC Certificate of Filing Articles of By-Laws
  • Articles of Incorporation and By-Laws
  • Board Resolution duly certified by the Corporate Secretary, designating Biñan Rural Bank, Inc. as its depository bank and designated Authorized signatories
  • Certificate of Tax Exemption / Preferential Tax Treatment ( if exempt from withholding tax )
  • Business Permit
  • Latest General Information Sheet
  • Proof of Billing
  • For each Authorized Signatory, the following is required:  a.) Photocopy of 2 valid IDs ( official personal identification in an unexpired official document ) that bears a photograph of the individual. b.) Utility bill ( for confirmation of billing address )

"Deposits are insured by PDIC up to P500,000 per depositor."
Binan Rural Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas