Savings Deposit

Minimun of P2000 for 2%

Time Deposit

Type of Time Deposit Account	Amount
		90 days	180 days	365 days	730 days
Chief Engineer Account	P20,000.00-above	2.75%
Captain	P20,000-100,000		3%	4%	5%
	P101,000 above		3.5%	4.5%	5.5%
Master Account	P501,000-1.5million		4%	5%	6%
	P1,501,000-above		4%	5%	6.5%

Pre-termination

  -2% p.a only if withdrawn within 30 days from date of placement/renewal.
  -2.75% if withdrawn after 30days from the date of placement/renewal.

Share Capital

  - Initial deposit of PHP 6250
  - Requirement for loan
  - Patronage and Dividend distribution

WITHDRAWAL (DEPOSITS):

Share capital
  • Letter addressed to the BOD stating the amount to be withdrawn
  • Amount to be withdrawn must not below the minimum balance of P6250.00