FAQs – Deposit Products – Sun Savings Bank

Savings Deposit

Savings Deposit

Regular Passbook Savings	Initial Deposit Requirement	Php 200
	Minimum Maintaining Balance	Php 200
	Average Daily Balance to Earn Interest	Php 200
	Evidence of Deposit	Passbook
	Interest Rate	2% p.a.
Regular ATM Savings	Initial Deposit Requirement	Php 200
	Minimum Maintaining Balance	Php 200
	Average Daily Balance to Earn Interest	Php 200
	Evidence of Deposit	ATM
	Interest Rate	2% p.a.
Regular Passbook Savings with ATM	Initial Deposit Requirement	Php 500
	Minimum Maintaining Balance	Php 200
	Average Daily Balance to Earn Interest	Php 200
	Evidence of Deposit	Passbook & ATM
	Interest Rate	2% p.a.

Sun Savings Bank Time Deposits

Short Term Deposits	Minimum Deposit	Php 5,000
	Term	30, 60, 90 days
	Evidence of Deposit	Certificate of Time Deposit
	Interest Payment	Optional monthly crediting to affiliate savings account
	Pre-termination Charges	Penalty + w/tax + documentary stamp tax
1 -Year TD	Minimum Deposit	Php 50,000
	Term	1 year
	Evidence of Deposit	Certificate of Time Deposit
	Interest Payment	Optional monthly crediting to affiliate savings account Optional – Interest Paid in Advance
	Pre-termination Charges	Penalty + w/tax + documentary stamp tax
3- Year TD	Minimum Deposit	Php 20,000
	Term	3 years
	Evidence of Deposit	Certificate of Time Deposit
	Interest Payment	Optional monthly crediting to affiliate savings account Optional – Interest for 1 year paid in advance and every year thereafter
	Pre-termination Charges	Penalty + w/tax + documentary stamp tax
5- Year TD (Tax Free)	Minimum Deposit	Php 50,000
	Term	5 years and 1 month
	Evidence of Deposit	Certificate of Time Deposit
	Interest Payment	Optional monthly crediting to affiliate savings account Optional – Interest for 1 year paid in advance and every year thereafter
	Pre-termination Charges	Penalty +graduated w/tax + graduated documentary stamp tax

Current Accounts

Regular Checking Account		Personal	Corporate
	Minimum Initial Deposit	Php 2,500	Php 5,000
	Minimum ADB to Maintain	Php 2,500	Php 5,000
	Evidence of Deposit	SOA & Checkbook	SOA & Checkbook
	Cost of Checkbook	Php 190	Php 190
	Service Fee if Account falls below ADB	Php 300	Php 300
Automatic Transfer Account	Minimum Initial Deposit	Php 20,000	Php 40,000
	Minimum ADB to Maintain	Php 20,000	Php 40,000
	Evidence of Deposit	Passbook and/or ATM	Passbook and/or ATM
	Service Fee if Account falls below ADB	Php 300	Php 300

Time Deposit Rate*

Term	Amount	Rate
30 to 90 days	5,000 to 49,999	2.35%
	50,000 to 249,999	2.50%
	250,000 to 999,999	3.00%
1 Year (Interest Paid in Advance)**	Minimum of P50,000 to P249,999	3.50%
1 Year (Interest Paid in Advance)**	250,000 and up	3.95%
3 Years (Interest Paid in Advance)	Minimum of P20,000	4.50%
5 Years and 1 month*** (Interest Paid in Advance)	Minimum of P50,000 to P499,000	5.00%
5 Years and 1 month*** (Interest Paid in Advance)	Php 500,000 and up	5.50%

*Updated May 15, 2018

**Updated April 22, 2017

***Corporate accounts are taxable

Rates are subject to change without prior notice.

Deposit Products – Frequently Asked Questions