DEPOSITS

DEPOSIT PRODUCTS  (September 29, 2017)

*Rates are subject to change depending on market trends.

CHECKING AND SAVINGS ACCOUNT

TYPE OF DEPOSIT ACCOUNTREQUIRED INITIAL DEPOSITREQUIRED MINIMUM BALANCEREQUIRED MONTHLY ADB BALANCE TO EARN INTERESTSERVICE CHARGE IF BELOW MINIMUM BALANCEINTEREST RATE PER ANNUM
Current AccountIndividual: Php 5,000
SAMEN/APhp 200 per month--
Corporate: Php 10,000
Savings AccountIndividual: Php 1,000
SAMEPhp 1,000 Php 200 per month0.5%
Corporate: Php 2,000
Automatic Transfer Account (CA/SA)Individual: Php 10,000
SAMEPhp 10,000 Php 200 per month0.5%
Corporate: Php 20,000

AMA BANK PRIME SAVINGS ACCOUNT

Product Description:
A special term of savings deposit earning a higher rate of interest. Evidenced by Prime Saving Agreements (PSA) and passsbooks.
Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000.

Features:

Year-ModelMinimum Down PaymentMaximum Term
Brand New20% of the cash price60 months
2011-up30% appraised value48 months
2008-201040% appraised value36 months
2005-200750% appraised value18 months

AMA CERTIFICATE TIME DEPOSIT*

Product Description:
A form of deposit evidenced by Certificate of Deposit issued by the bank.

Member: PDIC, Maximum Deposit Insurance for each depositor Php 500,000

Features:
Same as AMA Prime Savings Account.
*Rates are subject to change without prior notice.

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.
 

Member: PDIC, Maximum Deposit Insurance for each depositor Php 500,000

Features:
Same as AMA Prime Savings Account.
*Rates are subject to change without prior notice.

Minimum AmountPhp 50,000
TermMinimum of 30 days maximum of 5 years & 1 day
*Rates are subject to change without prior notice
Withholding Tax20% 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 FeaturesDeposit may be used as a collateral to a back to back 90% loanable amount
Rates**See below

TIME DEPOSIT INTEREST RATES

PSA & TD30 Days60 Days90 Days180 Days360 Days5 Yeas & 1 Day
50,000 – 99,9991.751.751.752.002.253.00
100,000 - 999,9992.002.002.002.252.254.00
1,000,000 - 1,999,9992.252.252.252.503.004.50
2,000,000 - 4,999,9992.252.252.252.504.005.25
5,000,000 – up2.252.502.753.004.002.25