BDO Optimum Savings Account

1 Feb

I just opened another bank account, but this time, I decided to open an account with tiered rates. 

For those who hardly withdraw money from their savings and want to earn higher interest rates, you can try BDO’s Optimum Savings Account. 

So, what is an Optimum Savings Account? Based on BDO’s description on their deposit products

Optimum Savings Account
– account for individuals and non-stock, non-profit entities
– tiered interest rates
allow three client-initiated withdrawals/debit transactions per month without charge
– available with passbook and ATM card for personal accounts 

http://www.bdo.com.ph/Personal/DepositsInvestments/NewInterestRates.asp 

Regular Savings vs. Optimum Savings

Better rates, right? =)

 

Requirements on opening a BDO bank account:

 

  • 1 ID pic
  • 2 valid ID’s (SSS, Driver’s License, Passport, SeniorID, Voter’s ID)
  • minimum balance (Php30,000 for Optimum Savings Account)

*Note: If you only have 1 valid ID, present a current NBI clearance

 

8 Responses to “BDO Optimum Savings Account”

  1. jade 2 May 2011 at 11:16 PM #

    just opened one today! tnx😉

    • twitterpatedme 3 May 2011 at 8:05 PM #

      Good for you, Jade!🙂
      Thanks for reading my post, by the way.🙂

  2. Vannah 4 July 2011 at 10:55 PM #

    Is there an age requirement? and do you have to be employed to open an optimum savings account?🙂

    • twitterpatedme 15 July 2011 at 9:12 AM #

      Hi Vannah!

      I don’t think there’s an age requirement. Better visit a BDO branch to inquire. Thanks!🙂

  3. roland 3 September 2011 at 5:59 PM #

    is there an option of joint account in optimum saving account coz i & my gf planning to a joint savings account.

    • twitterpatedme 3 September 2011 at 8:37 PM #

      Hi Roland!

      Yup. Optimum Savings could be for joint accounts, too. But better visit a branch to ask. Who knows, they could have changed their policies.

  4. Perry T (@ponkantwit) 26 September 2011 at 2:32 PM #

    hi, i opened an optimum savings account almost 2 years ago. And i think i know that bdo will start charging 200 or 300 php per month if the account remains stagnant after 2 years. My question is (i hope you guys can help me out since i am not in the country) if let’s say i remit something into the account before the 2 year deadline will my account have another 2 year grace period even if i don’t have money going in and out of it? or would i be required to deposit something every month after the 2 year period? (sorry not a simple question, hope you can help me)

    • twitterpatedme 5 October 2011 at 10:26 PM #

      if let’s say i remit something into the account before the 2 year deadline will my account have another 2 year grace period even if i don’t have money going in and out of it? — I think so

      or would i be required to deposit something every month after the 2 year period? Not really. As long as there’s an actvity (deposit or withdrawal) even for just 1 time in 2 years, I don’t think the account would end up dormant.

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