Savings
Savings that stay in the neighbourhood.
Your deposits fund other members' loans, so the interest the coop earns stays here, and part of it comes back to you. Deposit any day at the window; withdraw down to the minimum balance.
Savings accounts
Two accounts, no monthly fee
Every member gets a regular savings account on admission. Interest is worked out on your average daily balance and credited at the end of every quarter.
Regular Savings
2%a year
The everyday account every member opens: deposit any day, withdraw down to the minimum balance.
- Opening deposit
- ₱500
- Minimum balance
- ₱500
Youth Savings
2.5%a year
For a member's child under 18, kept in the parent's name until the child turns 18.
- Opening deposit
- ₱100
- Minimum balance
- ₱100
Time deposits
Lock it in, earn more
Place an amount for a fixed term and the interest is paid at maturity, or rolled over with it. Need it early? You can pre-terminate at a lower rate.
3 months
₱10,000 and up: 2.5%
2.5%
6 months
₱10,000 and up: 3.5%
3.5%
1 year
₱10,000 and up: 4.5% · ₱100,000 and up: 5%
5%
Pre-terminated before maturity: 0.75% a year for the days it was held.
How your savings work
Deposit any day
At the window of either office, with your member number. You get an official receipt for every peso.
See it any time
The member portal shows every deposit, withdrawal and interest credit, with the balance after each.
Protected by the coop
Savings are what the coop owes its members first. The reserve fund and the board's audit committee stand behind them.