Deposit

DEPOSIT PRODUCTS*
(as of September 29, 2017)

*Rates are subject to change depending on market trends.

CHECKING AND SAVINGS ACCOUNT

TYPE OF DEPOSIT ACCOUNT
REQUIRED INITIAL DEPOSIT
REQUIRED MINIMUM BALANCE
REQUIRED MONTHLY ADB BALANCE TO EARN INTEREST
SERVICE CHARGE IF BELOW MINIMUM BALANCE
INTEREST RATE PER ANNUM
Current Account
Individual: Php 5,000

Corporate: Php 10,000
SAME
N/A
Php 200 per month
--
Savings Account
Individual: Php 1,000

Corporate:
Php 2,000
SAME
Php 1,000
Php 200 per month
0.5%
Automatic Transfer Account (CA/SA)
Individual: Php 10,000

Corporate: Php 20,000
SAME
Php 10,000
Php 200 per month
0.5%


AMA BANK PRIME SAVINGS ACCOUNT
Product Description: A special term of savings deposit earning a higher rate of interest. Evidenced by Prime Savings Agreements (PSA) and passbooks.
Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000

Features:

Minimum Amount
Php 50,000
Term
Minimum of 30 days up to 360 days
Interest Rate (per annum)
1.75% to 4%
*Rates are subject to change without prior notice
Final Withholding Tax
20% Withholding Tax

Subject to change without prior notice.
Liquidity Features
Deposit may be used as a collateral to a back to back 90% loanable amount

AMA CERTIFICATE TIME DEPOSIT*

Product Description:
A form of deposit evidenced by Certificate of Deposit
Member: PDIC, Maximum Deposit Insurance for each depositor Php 500,000

Features:
Same as AMA Prime Savings Account


5 YEARS AMA BANK TIME DEPOSIT

Product Description:
A non-negotiable certificate of Time Deposit with a maximum term of 5 years & 1 day exempt from withholding tax; interest payable monthly.

Features:


Minimum Amount
Php 50,000
Term
Minimum of 30 days maximum of 5 years & 1 day
*Rates are subject to change without prior notice
Withholding Tax
20% on term up to 5 yrs.
Tax exempt if placement is 5yrs & 1 day.

No partial  Pre-Termination
Pre-Termination is subject to penalty based on graduated rates. Documentary Stamps- Php- 1.00 for every Php200.00 or fraction thereof charged to the depositor. 
Liquidity Features
Deposit may be used as a collateral to a back to back 90% loanable amount
Rates
**See below

TIME DEPOSIT INTEREST RATES


PSA & TD
30 Days
60 Days
90 Days
180 Days
360 Days
5 Yeas & 1 Day
50,000 - 99,999
1.75
1.75
1.75
2.00
2.25
3.00
100,000 - 999,999
2.00
2.00
2.00
2.25
2.50
4.00
1,000,000 - 1,999,999
2.25
2.25
2.25
2.50
3.00
4.50
2,000,000 - 4,999,999
2.25
2.25
2.25
2.50
4.00
5.25
5,000,000 - up
2.25
2.50
2.75
3.00
4.00
5.25