Products & Services

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         above                                 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 NEWT 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         above                              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         above                               3.50% p.a

*rates are subject to change without prior notice.

Requirements For Account Opening Savings Account Deposit Individual:
  • Two valid IDs
  • Billing statement
  • 2 pcs. 1×1 picture
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
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.