• Security Bank Savings Account

    Security Bank offers high interest on the savings account. You can open a foreign currency account, children, and student account. The account can come with a debit or an ATM card that can be used to make withdrawals and payments. You also get a passbook account which will help track the expenses.

    Features and Benefits

    Following are the various features and benefits of Security Bank Savings Account:

    • The minimum balance required to open an account is low.
    • You need a low minimum balance to maintain the account.
    • You must have at least P100,000 to earn interest.
    • You can open the account conveniently.
    • You can carry out transactions at ATMs and POS terminals.
    • You can open up to 10 eSecure Savings account.
    • There is no lock-in period and you can access the amount anytime you want.
    • You can also open a foreign currency account.
    • You get a passbook to keep track of your account.

    Types of Security Bank Savings Account

    Following are the various types of savings account offered by Security Bank:

    1. All Access

      This is a checking and a savings account in one. The account also comes with a cheque book, passbook, Everyday Debit MasterCard. You can easily access funds and pay your bills. You get preferential loan rates, free ATM transaction, and waived fees when you upgrade to Gold.

      Opening balance

      P5,000.

      Maintaining balance

      P25,000.

      Balance required to earn interest

      P100,000.

    2. Easy Account

      This is the basic and simplest savings account offered b Security Bank. You get a debit card that you can use to pay for dining, shopping, utility bills, etc. There is no limit set on the amount you can deposit. You can monitor your account online. You get exclusive promotions from the partner merchants.

      Opening balance

      P5,000.

      Maintaining balance

      P5,000.

      Balance required to earn interest

      P100,000.

    3. eSecure Savings

      This is a high interest earning savings account. You can manage your account online. You can open up to 10 accounts and monitor their progress.

      Opening balance

      P500.

      Maintaining balance

      P5,000.

    4. Build-up Savings

      You get four times a higher interest than you would on a traditional savings account. There is no lock-in period and you can access your funds at any time. There is no limit on the amount of deposits you can make. You can withdraw up to 3 times in a quarter. This is an ideal account if you want to see your money grow. You can open this account if you want to start saving for your long term goals. Higher interest can be earned without having to keep the amount locked-in. You can also schedule regular transfers from your Security Bank account.

      Opening balance

      Regular: P5,000

      Premium: P50,000.

      Maintaining balance

      Regular: P5,000

      Premium: P50,000.

      Balance required to earn interest

      Regular: P10,000

      Premium: P50,000.

    5. Money Builder

      This is a high-interest savings account that can be opened by an individual, corporations, and sole proprietors. Monthly and the quarterly bonus is computed annually and is credited by the end of the applicable month.

      Opening balance

      P10,000.

      Maintaining balance

      P10,000.

      Balance required to earn interest

      P10,000.

      Monthly bonus interest rate

      0.50% p.a.

      Quarterly bonus interest rate

      0.40% p.a.

    6. USD Account

      This account is ideal for those who are frequently travelling. You can keep your USD safe and also earn higher interest rates. You can make payments in dollars. You can choose how you want to withdraw, you can choose to withdraw in Pesos or Dollars.

      Opening balance

      USD500

      Maintaining balance

      USD500

    Security Bank Savings Account Eligibility Requirements

    You will have to meet the following requirements to be eligible to open a Security Bank Savings Account:

    • Resident citizen
    • Non-resident citizen
    • Resident alien
    • Non-resident alien

    Documents Required for Security Bank Savings Account

    You will have to submit the following documents along with the duly filled application form:

    • Non-resident aliens will have to submit passport and Alien Certification of Registration or Alien Employment Permit.
    • Passport.
    • Driver’s license.
    • Company ID.
    • Police clearance.
    • NBI clearance.
    • PRC ID.
    • GSIS e-card.
    • Digitised Voter’s ID.
    • Postal ID.
    • OWWA ID.
    • Senior Citizen Card.
    • Seaman’s Book.
    • Health Certificate Card. 

    Security Bank Savings Account Interest Rates

    Following are the interest rates offered for Security Bank Savings Account:

    All Access

    0.10% p.a.

    Easy Account

    0.10% p.a.

    eSecure Savings

    P5,000 – P49,999: 0.50% p.a.

    P50,000 – P99,999: 1% p.a.

    P100,000 – P999,999: 1.10%p.a.

    P1 million – P4.999 million: 1.20% p.a.

    P5 million and above: P1.20%p.a.

    Build-up Savings

    Regular - 0.50%

    Premium – 1%

    Money Builder

    0.10% p.a.

    USD Account

    0.25% p.a.

    Fees and Charges

    Following are the applicable fees and charges:

    OTC Deposit fee

    P100

    Charges for not maintaining the minimum balance per month

    P300

    Dormancy fee per month

    P350

    How to apply for Security Bank Savings Account

    You can apply for a Security Bank Savings Account through the following ways:

    • Online: You can apply for the account online by entering the basic information.
    • Phone: You can call 632-88-791-88 to know more about the account and find out the process to apply and initiate it.
    • Face-to-face: You can find the closest Security Bank branch online. You can visit the branch and meet with the bank representative and learn more about the account before applying for it.

    Security Bank Savings Account Hotline Number

    You can call the bank at 632-88-791-88 if you have any queries. You can send an email to customercare@securitybank.com.ph.

    Security Bank Savings Account FAQs

    1. Can I open a Dollars Savings Account?

      Yes, you open USD Savings account that lets you withdraw in Pesos or Dollars and you earn a fixed interest rate.

    2. What is the minimum amount required to open a USD Savings Account?

      You will need a minimum of USD500 to open a USD Savings Account.

    3. How many eSecure Savings Account can I open?

      You can open up to 10 eSecure Savings Account.

    4. Is there a limit on the number of deposits I can make?

      No, there is no limit on the number of deposits you can make.

    5. What is the minimum balance I need to maintain in Easy Account to earn interest?

      You must maintain a minimum of P100,000 in Easy Account to earn interest.

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