ORDINARY SAVINGS (PASSBOOK BASED)
Is a regular passbook-evidenced and interest-bearing deposit product that has a fixed interest rate and can be withdrawn anytime.
CONTRACTUAL SAVINGS (LOAN-BASED)
Is a regular passbook-evidenced and interest-bearing deposit product that is a component of the bank’s loan products.
TIME DEPOSIT (CERTIFICATE)
A deposit product which is evidenced by a certificate of time deposit issued by the Bank with a fixed maturity date and earning an interest rate as specifically agreed upon by the Bank and the depositor.
CHECKING ACCOUNT
A low-interest bearing deposit product that allows individuals or institutions to access a wide-range of financial services, with ease of payment as a primary objective , using bank checks.
