When you open a savings account, you are helping yourself become financially independent. You can access the funds at any time. You can accumulate funds for times of emergencies and you can also start saving for future investments. You get attractive interest rates. PNB also lets you open a foreign currency savings account.
Features and Benefits
The following are the various features and benefits of PNB Savings Account:
- You get attractive interest rates.
- Your deposits are insured under PDIC. You get insurance up to P500,000.
- You can transfer funds, make the payments online, withdraw cash from ATMs, purchase goods through Bancnet accredited merchants, etc.
- You can open foreign currency accounts.
- The interest is auto compounded.
- The account can be monitored through passbook.
- You get a PIN-based ATM card.
- The interest rates for certain types of savings account are tiered and is based on the amount deposited.
Types of PNB Savings Account
The following are the various types of Savings Account offered by PNB:
- Super Teller ATM
This account comes with a PIN-based ATM card and it is an interest-earning account. You can check your balance, make cash deposits at PNB ATMs, withdraw cash, pay bills online, transfer funds, purchase goods through Bancnet accredited merchants, and pay bills through local ATMs. The ATM card can be used at local ATMs, Bancnet online transactions, PNB’s mobile, phone, and internet banking, and Bancnet merchants nationwide.
Initial deposit requirement
P3,000
Minimum maintaining balance required
P3,000
Minimum average daily balance required to earn interest
P10,000
Maximum withdrawal limit per day
P50,000
Maximum limit per transaction
P10,000
Maximum POS usage in a day
P50,000
- Debit MasterCard
You get a PIN-based ATM card. The card is accepted across the globe. This is an interest-earning account. You can check your balance, make cash deposits at PNB ATMs, withdraw cash, transfer funds, pay bills online, purchase goods through Bancnet accredited merchants, and pay bills through local ATMs. The ATM card can be used for local and international transactions.
Initial deposit requirement
P3,000
Minimum maintaining balance required
P3,000
Minimum average daily balance required to earn interest
P10,000
Maximum withdrawal limit per day
P10,000
Maximum limit per transaction
P50,000
Maximum POS usage in a day
There is no limit.
- TAP MasterCard
This account offers TAP MasterCard which makes purchasing items easier as you have to just tap the ATM card at the PayPass-enabled machine. The card can be used to check your balance, withdraw cash, purchase goods and services, etc. This is an interest-earning account. The ATM card is PIN-based. You get an online copy of statement through internet banking. The card is accepted at Expressnet, Megalink, and Bancnet ATMs in the Philippines. You can use the card for local transactions, international transactions, and at boutiques and stores that have PayPass-enabled machines.
Initial deposit requirement
None.
Minimum maintaining balance required
None.
Minimum average daily balance required to earn interest
P10,000
Maximum withdrawal limit per day
P10,000
Maximum limit per transaction
P50,000
Maximum POS usage in a day
There is no limit.
- Passbook Savings
This is an interest earning account. You can monitor the account with the passbook. You can make withdrawals and deposits at branch network nationwide.
Initial deposit requirement
P10,000
Minimum maintaining balance required
P10,000
Minimum average daily balance required to earn interest
P15,000
- SSS Pensioners Account
This account lets you receive and secure your SSS pension every month. You can withdraw cash from the PNB ATM account. This is an interest-earning account. The account can be monitored with the passbook. The ATM card can be used to withdraw cash, check the balance, transfer funds, make deposits, pay bills, and purchase goods and services. This account is applicable to SSS Pensioners account holders who have passbook access.
Initial deposit requirement
P100
Minimum maintaining balance required
P100
Minimum average daily balance required to earn interest
P5,000
- Direct Deposit Program
This is an interest-earning account. You can monitor the account through your passbook. The account can be opened in Peso or Dollar. This program offers you the service where the pension benefits of US Federal Agencies are credited directly to the account maintained with PNB. The withdrawals can be made with the maintaining branch. You are not allowed to open a joint account. The account can only be opened under the name of the eligible customer.
Initial deposit requirement
Peso – P100
Dollar – USD200
Minimum maintaining balance required
Peso – P100
Dollar – USD200
Minimum average daily balance required to earn interest
Peso – P5,000
Dollar – USD1,000
- Prime Savings Program
This account offers a higher interest rate. The interest rates are tiered. You can make deposits at any time. You are allowed to make 2 withdrawals in a month. The account can be monitored through the passbook.
Initial deposit requirement
P50,000
Minimum maintaining balance required
P50,000
Minimum average daily balance required to earn interest
P100,000
- Dollar Savings Account
This is an interest-bearing deposit account that can be opened with Dollar. The transactions are recorded in a passbook. This account is available at select PNB branches.
Initial deposit requirement
USD500
Minimum maintaining balance required
USD500
Minimum average daily balance required to earn interest
USD1,000
- Euro Savings Account
This is an interest-bearing Euro account. The account can be monitored by updating your passbook. You can make deposits and withdrawals at PNB branch network. This account is available at select PNB branches.
Initial deposit requirement
EUR500
Minimum maintaining balance required
EUR500
Minimum average daily balance required to earn interest
EUR500
- Renminbi Savings Account
This is a Renminbi-denominated, passbook based savings account. You can monitor the account with your passbook. This account is available at select PNB branches.
Initial deposit requirement
CNY2,500
Minimum maintaining balance required
CNY2,500
Minimum average daily balance required to earn interest
CNY2,500
- Japanese Yen Savings Account
This is a Japanese Yen-denominated, passbook based savings account. The account can be monitored with passbook. This account does not offer interest. This account is available at select PNB branches.
Initial deposit requirement
JPY50,000
Minimum maintaining balance required
JPY50,000
Minimum average daily balance required to earn interest
NA
- PNBig Savings Account
This is a special savings account where you get a higher rate of interest than regular savings account. You can monitor your account with the passbook. The interest rate is tiered and is based on the term. The interest is auto compounded and is credited on the maturity.
Initial deposit required
P25,000
Holding period
Minimum – 30 days
Maximum – 360 days
The interest rates for private PNBig Savings Account offered are as follows:
Amount
30 days
60 days
90 days
180 days
1 year and above
P10,000 – P49,999
0.25% p.a.
0.25% p.a.
0.25% p.a.
0.25% p.a.
0.25% p.a.
P50,000 – P249,999
0.375%p.a.
0.375%p.a.
0.375%p.a.
0.50% p.a.
0.50% p.a.
P250,000 – P499,999
0.50% p.a.
0.50% p.a.
0.50% p.a.
0.625% p.a.
0.625% p.a.
P500,000 – P999,999
0.625% p.a.
0.625% p.a.
0.625% p.a.
0.75% p.a.
0.75% p.a.
P1 million – P4.9 million
0.75% p.a.
0.75% p.a.
0.75% p.a.
0.875% p.a.
0.875% p.a.
P5 million and above
0.875% p.a.
0.875% p.a.
0.875% p.a.
1% p.a.
1.125% p.a.
The interest rates for government PNBig Savings Account offered are as follows:
Amount
30 days
31 days – 90 days
91 days – 1 year
P10,000 – P499,999
0.375% p.a.
0.375% p.a.
0.5% p.a.
P500,000 – P1,999,999
0.5% p.a.
0.5% p.a.
0.75% p.a.
P2 million and above
0.75% p.a.
0.75% p.a.
0.875% p.a.
PNB Savings Account Eligibility Requirements
The PNB savings account can be opened by:
- Resident.
- Individual.
- Senior citizens.
- Resident foreigners.
Documents Required for PNB Savings Account
You will have to submit the following documents:
- Driver’s license.
- GSIS ID.
- SSS ID.
- Voter’s ID.
- Passport.
- PRC license.
- 2 ID pictures.
- Account information form.
- Client information form.
- Conditions form.
- Signature card.
- Direct Deposit program - US Social Security I, USTW Checks, and Letter from the US Federal Agencies.
PNB Savings Account Interest Rates
The following are the interest rates offered for the various Savings Account:
Super Teller ATM |
0.10% p.a. |
Debit MasterCard |
0.10% p.a. |
TAP MasterCard |
0.10% p.a. |
Passbook Savings |
0.10% p.a. |
SSS Pensioners Account |
0.10% p.a. |
Direct Deposit Program |
0.10% p.a. |
Prime Savings Program |
P100,000 to P499,999 – 0.125% p.a. Above P500,000 – 0.25% p.a. |
Dollar Savings Account |
0.10% p.a. |
Euro Savings Account |
0.10% p.a. |
Renminbi Savings Account |
0.25% p.a. |
Japanese Yen Savings Account |
NA |
PNBig Savings Account |
Interest rates are tiered. |
Fees and Charges
The following are the applicable fees and charges:
Dormancy fee |
P300 Dollar – USD10 Euro – EUR5 Renminbi – CNY50 Yen – JPY1,000 |
Withdrawal on other Bank’s ATM |
P11 |
Passbook replacement |
P100 Dollar – USD5 Euro – EUR5 |
Inquiry on other Bank’s ATM machine |
P2 |
Fund transfer to other Bank account through Bancnet |
P25 |
Card replacement |
P100 |
Account closure fee |
P500 |
ADB of account falls below the requirement |
P300 Direct Deposit Program: Peso – P55; Dollar – USD10 Yen – JPY1,000 |
Request for issuance of certificate of deposit |
P100 |
TAP account fee |
P180 for a year or P15 every month |
Non-usage fee |
P250 per month |
Foreign currency fund transfer |
1/4th of 1% transaction amount or P100, whichever is higher. |
How to apply for PNB Savings Account?
You can apply for a PNB Savings Account through the following ways:
- Phone: You can call +632-526-3131 to 70 or 891-6040 to 70, +632-573-4580 to know more about the account and find out the process to apply and initiate it.
- You can download the application form and take the duly filled form to the bank.
- Face-to-face: You can find the closest PNB branch on the PNB website and visit the branch where you can meet with the bank representative and learn more about the account before applying for it.
PNB Savings Account Hotline Number
You can reach PNB at +632-526-3131 to 70 or 891-6040 to 70, +632-573-4580. You can also send an email to customercare@pnb.com.ph.
PNB Savings Account FAQs
- Can I open a foreign currency savings account?
Yes, you can open a foreign currency savings account with PNB.
- How can I monitor the savings account?
You can monitor the savings account by updating your passbook, phone banking, internet banking, and mobile banking.
- Can I apply for the savings account online?
You can download the application form online and submit it to the closest PNB Branch.
- Do I get an ATM with my savings account?
Yes, you will get a PIN-based ATM card with your savings account.
- How is the interest calculated?
The interest is calculated on the amount in your account on a monthly basis. Some savings account offers tiered interest rates.