Stratified Savings Account

Stratified Savings Deposit (SSD) is a special type of savings deposit whose interest is based on the pre-agreed rates and level of deposit (ADB for the month). This account is evidenced by a passbook and by a SSD Agreement. Withdrawal is done thru the presentation of passbook with a duly accomplished withdrawal slip.

FEATURES:

Individual Corporation
Initial Deposit 100,000.00 100,000.00
Interest Rate Based on the negotiated rate at the of time opening
Minimum Maintaining ADB (MMADB) to earn Interest 500,000.00 500,000.00
Minimum Maintaining ADB (MMADB) not subject to service charge 100,000.00 100,000.00
Manner of Interest Payment Monthly
Withdrawal presentation of passbook and accomplished withdrawal slip
Dormancy Two (2) years from the last customer initiated transaction

CHARGES:

Individual Corporation
Below Minimum Maintaining ADB (MMADB) for two (2) consecutive months 250.00 250.00

REQUIREMENTS:

  1. Individual
    • Latest “1 x 1 ID” Picture
    • Two (2) Valid IDs
    • Proof of Billing
  2. Sole Proprietorship
    • Certificate of Registration of Business/Trade Name with DTI
    • Affidavit of Application of Business Name
    • Two (2) Valid IDs of the Proprietor
    • Proof of Billing
  3. Partnership
    • Articles of Partnership with SEC Certificate of Registration
    • By-Laws with SEC Certificate of Filing
    • Affidavit of Application of Business Name
    • Notarized Partnership Resolution
    • Two (2) Valid IDs of the Signatory/ies of the account
  4. Corporation
    • Articles of Incorporation with SEC Certificate of Registration
    • By-Laws with SEC Certificate of Filing
    • Notarized Board Resolution or Notarized Secretary’s Certificate indicating the following:
      1. USB as the Depository Bank
      2. The type of account to be opened
      3. The name of the authorized signatories to the account
      4. The signature combination/s
    • Two (2) Valid IDs of the signatory/ies of the account

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