Deposit

DEPOSIT PRODUCTS*
(as of July 04, 2016)

*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
1%
Automatic Transfer Account (CA/SA)
Individual: Php 10,000

Corporate: Php 20,000
SAME
Php 10,000
Php 200 per month
1%


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

Features:

Minimum Amount
Php 50,000
Term
Minimum term 30 days
Rate
2% to 3.75%
Withholding Tax
20% Withholding Tax

Subject to Documentary Stamp Tax
Liquidity Features
Client can avail of back to back 90% loanable amount on existing deposit

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 exempt from withholding tax.

Features:

Minimum Amount
Php 50,000
Term
5 years
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.
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
2.50
2.75
4.00
1,000,000 - 1,999,999
2.50
2.50
2.50
2.75
3.00
4.00
2,000,000 - 4,999,999
2.50
2.50
2.50
2.75
4.00
5.00
5,000,000 - up
2.50
2.75
3.00
3.25
4.00
5.00