Savings

One of the most important values the Cooperative encourages its members to practice is the value of thrift. With this, the Coop offers variety of savings facilities the members can avail of.

The types of Savings that the member can enjoy are the:

1. Regular Premium Savings Fund (PSF)

2. Premium Savings Fund Plus (Time Deposit)

3. Christmas Paluwagan Fund (CPF)

4. Home Equity Savings Fund (HESF)

Regular Premium Savings Fund (PSF) – regular savings deposit by members, which earns an interest, usually 2% higher than the interest offered by the banks. This type of savings is withdrawable anytime, with a minimum maintaining balance of P2,000.

Premium Savings Fund Plus (PSF Plus) – earns higher interest than the Regular Savings Fund. Interest rates vary depending on amount of deposit. Deposits are locked for 30, 90, 180 or up to 360 days, and minimum amount to be deposited is P100,000.00

Christmas Paluwagan Fund – this type of savings deposit aims to give the members a savings facility that will be used for Christmas expenditures. Usually earns around 3% per annum, and is released every 2nd week of December.

Home Equity Savings Fund – this type of savings deposit will help you get in the habit of saving to buy your Dream House Earn 3% interest per annum.

NEW DEPOSIT RATES

EFFECTIVE AUGUST 16, 2013

PSF Regular (Savings Deposit)
INTEREST RATE

AMOUNT PER ANNUM

2,000.00 – 49,999.99 = 0.50%
50,000.00 – 499,999.99 = 0.75%
500,000.00 and up = 1.00%

PSF PLUS (Time Deposit)

INTEREST RATE

AMOUNT PER ANNUM

(3,6,9 or 12 mos.)

100,000.00 – 499,999.99 = 1.75%
500,000.00 – 999,999.99 = 2.00%
1,000,000.00 and up = 2.25%

SAVINGS FORM