SAVINGS DEPOSIT
SMPC now offers Regular Savings Deposit for members ages 18 years old and above effective December 7, 2021.
Product Features:
1. Initial deposit of Php500.00.
2. Maintaining balance of savings to earn interest shall be Php1,000.00.
3. Interest on savings in 1.5% per annum recognized quarterly, tax free
4. Passbook for initial deposit is free, succeeding passbooks given shall be charged Php50.00 each.
5. Inactive account- In the event the account falls below the maintaining balance after 2 years, a dormancy fee of Php20.00 per month shall be imposed.
Documentary Requirements:
1 valid identification cards
2 pcs. 1×1 ID picture
