• China Bank Savings Time Deposit

    China Bank Savings Time Deposit

    About China Bank Savings

    The acquisition of Manila Bank by China Banking Corporation’s in 2007 paved way for the establishment of China Bank Savings which is a thrift bank subsidiary of China Bank. It has its headquarters in Makati, Philippines. Its primary focus was on deposits, consumer loans and trust services and its tagline is "madaling kausap" or “easy to talk to”. Its objective is to be a community-oriented institution, and hence offers a diverse array of products with quick approvals and processing, including basic deposit products for those building up their savings, basic loan products to fund personal dreams, investment products, etc. China Bank Savings has 73 branches and 74 ATMs in Philippines at present. CBS offers different time deposit schemes as per the requirements of the customers. In order to meet the rising needs of the Filipino community, China Bank Savings has also introduced the highly efficient, user friendly and secure e-banking solutions through its internet banking portal. CBS Online is available around the clock, and provides information such as product information, account inquiry, loan application and even bills payment.

    Easi-Earn Time Deposit

    This time deposit scheme can be opened by a customer at a very low deposit margin and at incomparable interest rates.

    Benefits
    • Minimum initial placement to be made by the customer is only PHP 5,000
    • Interest rate: Tiered interest rate of up to 1.500% is applicable to the time deposit made by the customer.
    • Simple and easy Documentation process.
    • Customers receive proof of deposit in the form of the main document, which is the Easi-Earn Passbook that is provided to the customer by the Bank.

    Easi-Earn High Five

    This scheme offers a five-year time deposit account that provides attractive privileges to its customers such as tax free investment with high rate of returns. The Easi-Earn High Five account is tax free only if the customer maintains the account with the bank for 5 years and one day.

    Benefits
    • Minimum initial deposit to be made by the customer is only PHP 10,000 for the easi-Earn High Five time deposit scheme.
    • Interest rate applicable is up to 3.500% annually.
    • The time deposit is tax-free.
    • Interest is credited monthly to a separate CASA account.
    • Customer must hold Easi-Earn High-Five account in the bank for a period of 5 years and 1 day, if the he/she wishes to enjoy the tax-free privilege.
    • As proof of time deposit made by the customer, the Bank provides Easi-Earn High-Five Certificate of Time Deposit. This provision is applicable for individuals only.

    FCDU Time Deposit

    This time deposit is aimed at those customers who wish to deposit foreign currency- specifically, U.S Dollars ($) in a time deposit scheme. This time depsoit account helps the customers to receive a high interest on investment made.

    Features
    • The opening balance for FCDU Time Deposit is $500.
    • Interest rate: Tiered interest rate of of 0.500% up to 1.500% is applicable online.
    • In order to earn interest the minimum maintaining balance should be $500.
    • Customers receive proof of deposit in the form of the main document, which is the Easi-Earn Passbook that is provided to the customer by the Bank.

    Other Products from China Bank Savings

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