How much is the interest rate of BDO savings account? This is a common question among individuals looking to open a savings account with Bank of the Philippine Islands (BDO). BDO, being one of the leading banks in the Philippines, offers various savings account options with different interest rates. Understanding the interest rate of a BDO savings account is crucial in making an informed decision that aligns with your financial goals and needs.
BDO offers different types of savings accounts, each with its own set of features and interest rates. The most popular types include the Regular Savings Account, Salary Savings Account, and BDO eSaver. The interest rates for these accounts may vary depending on the current market conditions and the bank’s policies.
Regular Savings Account
The Regular Savings Account is designed for individuals who want to save regularly and earn interest on their savings. As of the latest information available, the interest rate for this account ranges from 0.25% to 0.75% per annum, depending on the amount of the deposit. The higher the deposit, the higher the interest rate.
Salary Savings Account
The Salary Savings Account is specifically tailored for employees who receive their salaries through BDO. This account offers an interest rate of up to 0.75% per annum, making it an attractive option for those looking to save a portion of their salary. Employees can also enjoy other benefits such as free ATM withdrawals and a debit card.
BDO eSaver
BDO eSaver is an online savings account that allows customers to earn higher interest rates while enjoying the convenience of online banking. The interest rate for this account ranges from 1.5% to 1.75% per annum, depending on the account balance. This account is perfect for those who prefer managing their finances online and want to maximize their savings.
It’s important to note that BDO may adjust the interest rates on their savings accounts from time to time. Therefore, it’s advisable to check the current interest rates before opening an account or making any financial decisions.
In conclusion, the interest rate of a BDO savings account varies depending on the type of account and the current market conditions. By understanding the interest rates and the benefits offered by each account, individuals can make an informed decision that aligns with their financial goals. So, the next time you ask, “How much is the interest rate of BDO savings account?” you’ll be equipped with the knowledge to find the best option for your needs.
