BDO Savings Account

BDO Peso Savings Account offer endless possibilities to keep and grow your money. Whether you’re saving for a long-term goal or setting aside money for upcoming commitments, there’s an option for you: Passbook Savings, ATM Savings, Optimum Savings, and Junior Savers.

Each type of Savings account has their different functionality:

Passbook Savings – Easily keep track of your account while growing your savings.

ATM Savings – A convenient way to save and access your money anytime and anywhere.

Optimum Savings – Maximize our high interest rates and get the best out of your savings.

Junior Savers – Teach your child to save early and value money.

How much interest?

The BDO Peso Passbook Savings account have 0.125% Gross Interest Rate Per Annum.

BDO ATM Savings Account’s Gross Interest Rate Per Annum is 0.125% .

BDO Optimum Savings Account’s Interest Rate is 1.25%.

How much is the maintaining balance?

Passbook Savings Account’s Minimum Balance to Earn Interest is PHP 10,000.

ATM Savings Account Requires a Minimum of PHP 5,000 as Balance to earn interest.

Optimum Savings Account has two types of Minimum Balance to earn interest one is for personal and the other is for business, The minimum balance for Personal is PHP 30,000 while the Business has A minimum balance of PHP 50,000.

Junior Savers

What are the requirements?

  • Passport (must have English characters/translations and the holder must have a residence address in the Philippines).
  • Philippine Postal ID
  • Tax Identification Number ID
  • New Social Security System (SSS) ID
  • Government Service and Insurance System (GSIS) e-Card
  • PhilHealth Card
  • Driver’s License that is issued by Land Transportation Office (LTO)
  • Senior Citizen ID
  • Voter’s ID
  • Integrated Bar of The Philippines (IBP) ID
  • School ID (for minors)
  • Professional Regulations Commission (PRC) ID

Pros and Cons

Pros – BDO Optimum Savings Account have the highest interest rate of all bank in the Philippines with an interest rate of 1.25%

There are a lot of branches and ATM machines so banking with them is convenient

Cons –

Since there are a lot of depositors, mobile apps tend to incur problems especially during Payday.

How much is the minimum amount required to open an account?

The minimum amount to open an account is just as little as PHP 2,000.

Opening a BDO account is easy, you’ll only have to to fill out an online form that will take no longer than 15 minutes to answer, Choose your preferred BDO branches and set your visit’s date and time. After filling out the online form and choosing a BDO branches, you have to complete your application by submitting your requirements to your chosen branch on the day of your appointment that you set.
Requirements to open an account is Two (2) Valid ID’s and Deposit the Minimum Initial Deposit.

How Many BDO branches are there?

BDO has an estimated number of 1,459 domestic operating branches and offices (including BDO Network Bank branches and office) and two full-service branches outside the country. 4,400 ATM’s are complementing these domestic operating branches nationwide.

What will happen if your account fall below minimum balance?

You will be charged of PHP 300. Falling Below Minimum Balance Fee will be collected if account falls below the required minimum Monthly Average Daily Balance (MADB) for two consecutive months.

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