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| Deposit
Products (as of
March 2008) |
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Checking and Savings Accounts
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| 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
- P 5,000
Corporate - P 10,000 |
same |
N/A |
P
100.00 / month |
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| SAVINGS
ACCOUNT |
Individual
- P 1,000
Corporate - P 2,000 |
same |
P
500.00 |
P
100.00 / month |
1% |
| AUTOMATIC
TRANSFER ACCOUNT (CA/SA) |
Individual
- 10,000
Corporate - 20,000 |
sam |
P
500.00 |
P
100.00 / month |
1% |
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AMA Bank Prime Savings Account (PSA)
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| Product
Description |
A special term of savings deposit earning a higher rate of interest. Evidenced by PSA agreements and passbooks.
Covered by insurance PDIC – Php500,000.00 |
| Features |
| Minimum Amount |
Php 1,000.00 |
| Term |
Minimum term 30
days |
| Rate |
3.5% to 7.5% |
| Withholding Tax |
20% Withholding tax |
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Subject to Documentary Stamp Tax |
| Liquidity Features |
Client can avail of back to back 90% loanable amount on existing
deposit. |
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| * RATES SUBJECT TO CHANGE WITHOUT PRIOR NOTICE |
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** PRIME SAVINGS ACCOUNT ( PSA )
Under Cellphone Promo Part 7, With minimum deposit of P50,000.00 and Lock-in maturity period of One (1) full year, depositor can avail of the latest Sony Ericsson, Nokia, Samsung and Motorola Cellphones. |
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AMA Certificate Time Deposit
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| Product
Description |
A form of deposit evidenced by Certificate of deposit issued by the Bank.
Covered by insurance PDIC – Php500,000.00 |
| Features |
| Same as
the AMA Prime Savings Account |
| * RATES SUBJECT TO CHANGE WITHOUT PRIOR NOTICE |
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5-Years AMA Bank Time Deposit
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| Product
Description |
| A non- negotiable certificate of Time Deppsit with a miminum term of Five years exempt from withholding tax. |
| Features |
| Minimum Amount |
Php
50,000.00 |
| Term |
5
years |
| Rates |
| Deposit
Amount |
Rate |
| 50,000.00 - 99,999.00 |
7 % |
| 100,000.00 - 499,999.00 |
7.25% |
| 500,000.00 - 999,999.00 |
7.5 % |
| 1.0M - 4.99M |
7.75% |
| 5.0M and UP |
8 % |
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| Withholding Tax |
Tax exempt if placement is held on until maturity.
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 of the principal will be charged to the depositor and will be deducted from the proceeds. |
| Liquidity Features |
Client can avail of back to back 90% loanable amount on existing
deposit. |
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