US Dollar Savings Account
|Product||Interest Rate||Minimum MADB Requirement1||Minimum Maintaining Balance||Posting of Interest|
|US Dollar Savings Account Corporate||0.25%||USD 2,000.00||USD 2,000.00||Quarterly Interest|
|US Dollar Savings Account Personal||0.25%||USD 500.00||USD 500.00||Quarterly Interest|
(1) MADB – Monthly Average Daily Balance
US Dollar Time Deposit
|Minimum Placement||Interest Rate Per Annum||Term||Withholding tax on Interest earned|
|USD 5,000.00 –|
|0.5%||30, 60 or 90 Days||15%|
|USD 10,000.00 – above||1%||5 years||exempt|
- Deposit on foreign currency accounts are subject to a holding / float period ( 7 banking days for Cash, 15 banking days for USD checks/drafts, from date of deposit). No interest shall be earned during the holding/float period and withdrawals shall only be allowed after the holding/float period.
- Foreign Currency Account interest earning is subject to 15% withholding tax
- Interest shall be credited at the end of the month for the above type of Dollar Time Deposit. For Time Deposit, Documentary Stamp Tax PHP 1.00 for every PHP 200.00 multiplied by the term divided by 365 days. Filidian Bank shoulders the Documentary Stamp Tax for Dollar Time Deposit.
For more information , please feel free to call Filidian Customer Contact Center at 650-8659 or 697-0838