• Sterling Bank of Asia Savings Account

    Savings account is an interest bearing account where you can deposit the money and earn interest on the amount deposited. You can open a savings account for your children and if you are an Overseas Filipino Worker.

    Features and Benefits

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

    • Competitive interest rates are offered.
    • You can open a Dollar and Yuan account.
    • You can open a savings account for children below 17 years.
    • If you are an Overseas Filipino Worker, you can open a savings account.
    • The account can be accessed through ATMs, Sterling Bank online, Bancnetonline, and over-the-counter transactions.

    Types of Sterling Bank of Asia Savings Account

    Following are the various types of Savings Account offered by Sterling Bank of Asia:

    1. Sterling Bank of Asia Solo Savings Account.
    2. Sterling Bank of Asia Solo Dollar Savings Account.
    3. Sterling Bank of Asia Solo Yuan Savings Account.
    4. Sterling Bank of Asia Neo Savings Account.
    5. Bayani OFW Savings Account.
    1. Sterling Bank of Asia Solo Savings Account :

      This account is a Peso savings account which is easy to access and maintain. The interest is credited on a monthly basis. You can access the account through ATMs, Bancnetonline, Sterling Bank online, and over-the-counter transactions. The account can be opened in any amount.

      Opening balance

      Any amount

      Maintaining balance

      P5,000

      Balance required to earn interest

      P5,000

    2. Sterling Bank of Asia Solo Dollar Savings Account

      This is also a Peso savings account and you can open a Dollar savings account as well. You can access the account through Sterling Bank online, over-the-counter transactions, and Bancnetonline.

      Opening balance

      $100

      Maintaining balance

      $200

      Balance required to earn interest

      $500

    3. Sterling Bank of Asia Solo Yuan Savings Account

      This account lets you deposit in Yuan. Competitive interest rates are offered. The interest is credited on a monthly basis. You can access the account through over-the-counter transactions.

      Opening balance

      CNY2,500

      Maintaining balance

      CNY2,500

      Balance required to earn interest

      CNY2,500

    4. Sterling Bank of Asia Neo Savings Account

      This is a special savings deposit account that is offered for children below 17 years. Your children can learn to save and earn interest on the amount saved at an early age. The account can be opened with any amount. There is no need to maintain minimum deposit balance. The interest is credit every month. The account can be accessed through Bancnetonline, Sterling Bank online, ATMs, and over-the-counter transactions.

      Opening balance

      Any amount

      Maintaining balance

      None

      Balance required to earn interest

      P2,000

    5. Bayani OFW Savings Account

      This account intends to support the requirements of Overseas Filipino Workers. The interest rate offered is high. The interest is credited on a monthly basis. This account aims to develop a habit of saving and also improve financial literacy of OFWs and their families. You can access this account through Bancnetonline, over-the-counter transactions, Sterling Bank online, and ATMs. This account comes with Bayani OFW Visa card.

      Opening balance

      Any amount

      Maintaining balance

      None - if remittances are credited to the account within 12 months from the account opening date and every 12 months thereafter.

      Balance required to earn interest

      P2,000

    Sterling Bank of Asia Savings Account Eligibility Requirements

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

    • Resident of Philippines.
    • OFWs.

    Documents Required for Sterling Bank of Asia 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. 

    Sterling Bank of Asia Savings Account Interest Rates

    Following are the interest rates offered for Sterling Bank of Asia Savings Account:

    Sterling Bank of Asia Solo Savings Account.

    0.50% p.a.

    Sterling Bank of Asia Solo Dollar Savings Account.

    0.25% p.a.

    Sterling Bank of Asia Solo Yuan Savings Account.

    0.15% p.a.

    Sterling Bank of Asia Neo Savings Account.

    0.375% p.a.

    Bayani OFW Savings Account.

    1% p.a.

    Fees and Charges

    Following are the applicable fees and charges:

    Fee

    Amount

    Solo Savings Account – Pesos

    Balance below maintaining

    P300

    Dormant account

    P300

    Replacement Passbook

    P100

    Replacement PIN

    P100

    Replacement ShopNPay Card

    P150

    Solo Savings Account – Dollars

    Balance below maintaining

    $5.00

    Dormant Account

    $5.00

    Replacement Passbook

    $3.00

    How to apply for Sterling Bank of Asia Savings Account

    You can find out the closest Sterling Bank of Asia branch and visit it to submit your application. You can also call them on +632-708-7087 to find out more about the product and initiate the application process.

    Sterling Bank of Asia Savings Account Hotline Number

    You can reach Sterling Bank of Asia at +632-708-7087. You can email the bank at consumeraffairs@bsp.gov.ph.

    Sterling Bank of Asia Savings Account FAQs

    1. Can I open a foreign currency savings account with Sterling Bank of Asia?

      Yes, you can open a Dollar and Yuan savings account.

    2. What is the interest rate offered on the amount deposited in Sterling Bank of Asia savings account?

      Sterling Bank of Asia offers interest rate that ranges from 0.15% p.a. - 1% p.a.

    3. What is the minimum opening balance required to open a Solo Dollar Savings Account?

      You will need a minimum of $100 to open a Solo Dollar Savings Account.

    4. Can I open a savings account for my children?

      Yes, you can open a Neo Savings Account which is meant for children below the ages of 17 years.

    5. How often will the interest be credited?

      The interest you earn on the amount deposited in your savings account will be credited on a monthly basis.

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