What are the different types of BPI savings account?

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Apart from the standard BPI savings bank, BPI also has two subsidiaries–BPI Family Savings Bank and BPI Direct Savings Bank, each of which offers their own savings products.

BPI Family Savings is the largest thrift bank in the Philippines, while BPI Direct is a virtual bank that operates only on the internet and over the phone.

The list below summarizes all the features and deposit rates of different types of BPI savings account under the three BPI bank categories.

 

BPI Savings Accounts: Features and Deposit Rates.

a. Advance Savings.

Key Features:

  • High-interest earning passbook savings account
  • Earns interest in advance for each deposit

Ideal for: People who want to earn higher interest than regular savings accounts.

Interest Rate:

  • 0.75% (PHP 100,000 – Php 999,999 balance)
  • 1.25% (Php 1 million and above balance)

Required Initial Deposit: Php 100,000

Maintaining Balance: Php 100,000

Interest-Earning Balance: Php 100,000

 

b. Express Teller Savings.

Key Features:

  • ATM savings account
  • The debit card can be used for cashless payments, bills payments, cellphone reloading, etc.

Ideal for: Anyone who needs a savings account for convenient banking transactions and managing funds.

Interest Rate: 0.25%

Required Initial Deposit: Php 500

Maintaining Balance: Php 3,000

Interest-Earning Balance: Php 5,000

 

c. Jumpstart Savings.

Key Features:

  • Kiddie ATM savings account for 10 to 17-year-olds
  • Allowance transfer facility for scheduled crediting of a child’s allowance to Jumpstart account
  • Debit card be used for cashless payments and cellphone reloading

Ideal for: Children and teens whose parents want them to develop the habit of saving at an early age.

Interest Rate: 0.25%

Required Initial Deposit: Php 100

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 2,000

 

d. Kaya Savings.

Key Features:

  • No maintaining balance
  • Low initial deposit requirement
  • Fees apply to every ATM and OTC withdrawal

Ideal for:

  • People looking for an easy way to open a savings account
  • Fresh graduates, students, housewives, low-income-earners, and unemployed people

Interest Rate: 0.25%

Required Initial Deposit: Php 200

Maintaining Balance: None

Interest-Earning Balance: Php 1,000

 

e. Maxi-Saver with ATM card.

Key Features:

  • High-interest earning ATM savings account
  • 0.50% bonus interest per annum if no withdrawal within a month
  • Cheaper to open and maintain than the Advance Savings account

Ideal for: People who want to earn higher interest than regular savings accounts.

Interest Rate:

  • 0.25% (Php 50,000 – Php 499,999)
  • 0.375% (Php 500,000 – Php 999,999)
  • 0.75% (Php 1 million and above)

Required Initial Deposit: Php 50,000

Maintaining Balance: Php 50,000

Interest-Earning Balance: Php 50,000

 

f. Maxi-Saver with Passbook.

Key Features:

  • High-interest earning ATM savings account
  • 0.50% bonus interest per annum if no withdrawal within a month
  • Cheaper to open and maintain than the Advance Savings account

Ideal for: People who want to earn higher interest than regular savings accounts.

Interest Rate:

  • 0.25% (Php 75,000 – Php 499,999)
  • 0.375% (Php 500,000 – Php 999,999)
  • 0.75% (Php 1 million and above)

Required Initial Deposit: Php 75,000

Maintaining Balance: Php 75,000

Interest-Earning Balance: Php 75,000

 

g. Padala Moneyger.

Key Features:

  • Allows receiving remittances directly to the bank account
  • No required initial deposit and maintaining balance
  • Easy to open and maintain

Ideal for: Families of OFWs and others (e.g., freelancers) who regularly receive overseas remittances.

Interest Rate: 0.25%

Required Initial Deposit: None

Maintaining Balance: Waived for accounts receiving at least four remittances in a year.

Interest-Earning Balance: Php 5,000

 

h. Pamana Padala.

Key Features:

  • ATM savings account
  • Direct crediting of remittances to Pamana Padala account allows saving on remittance fees
  • Allows OFWs to transfer funds to their families’ BPI account in the Philippines
  • Available in Peso or US dollar accounts

Ideal for: OFWs looking to easily manage their remittances to the Philippines.

Interest Rate: 0.25%

Required Initial Deposit: Php 500

Maintaining Balance: Waived for accounts receiving at least four remittances in a year.

Interest-Earning Balance: Php 5,000

 

i. Pamana Savings Account with ATM card.

Key Features:

  • ATM or passbook savings account with free life insurance worth up to Php 2 million

Ideal for: Parents who want to save up for their children’s future.

Interest Rate: 0.25%

Required Initial Deposit: Php 25,000

Maintaining Balance: Php 25,000

Interest-Earning Balance: Php 25,000

 

j. Pamana Savings Account with Passbook.

Key Features:

  • ATM or passbook savings account with free life insurance worth up to Php 2 million

Ideal for: Parents who want to save up for their children’s future.

Interest Rate: 0.25%

Required Initial Deposit: Php 75,000

Maintaining Balance: Php 75,000

Interest-Earning Balance: Php 75,000

 

k. Passbook Savings.

Key Features:

  • Easy record keeping and account monitoring through a passbook

Ideal for: People who want to open a savings account for saving rather than spending.

Interest Rate: 0.25%

Required Initial Deposit: Php 10,000

Maintaining Balance: Php 10,000

Interest-Earning Balance: Php 25,000

 

l. Save-Up Automatic Savings + Insurance.

Key Features:

  • Automatically transfers a certain amount from an ATM account to Save-Up account monthly
  • No initial deposit requirement
  • Free accident and life insurance

Ideal for:

  • Depositors who want to automate savings from their salary/payroll account
  • People who tend to overspend and struggle with saving money

Interest Rate: 0.25%

Required Initial Deposit: None

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 5,000

 

m. Save-Up High Automatic Savings.

Key Features:

  • Automatically transfers a certain amount from an ATM account to Save-Up account monthly
  • No initial deposit requirement
  • Higher interest rates than the other Save-Up variant

Ideal for:

  • Depositors who want to automate savings from their salary/payroll account
  • People who tend to overspend and struggle with saving money

Interest Rate:

  • 0.25% (Php 5,000 – Php 49,999)
  • 0.375% (Php 50,000 – Php 499,999)
  • 0.50% (Php 500,000 and above)

Required Initial Deposit: None

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 5,000

 

 

BPI Family Savings Accounts: Features and Deposit Rates.

a. Advance Savings.

Interest Rate:

  • 1% (Php 100,000 – Php 999,999)
  • 1.50% (Php 1 million and above)

Required Initial Deposit: Php 100,000

Maintaining Balance: Php 100,000

Interest-Earning Balance: Php 100,000

 

b. Express Teller Savings.

Interest Rate: 0.50%

Required Initial Deposit: Php 500

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 3,000

 

c. Jumpstart Savings.

Interest Rate: 0.50%

Required Initial Deposit: Php 100

Maintaining Balance: Php 500

Interest-Earning Balance: Php 1,000

 

d. Kaya Savings.

Interest Rate: 0.50%

Required Initial Deposit: Php 200

Maintaining Balance: None

Interest-Earning Balance: Php 1,000

 

e. Maxi-Saver with ATM Card.

Interest Rate:

  • 0.50% (Php 25,000 – Php 499,999)
  • 0.625% (Php 500,000 – Php 999,999)
  • 1% (Php 1 million and above)

Required Initial Deposit: Php 25,000

Maintaining Balance: Php 25,000

Interest-Earning Balance: Php 25,000

 

f. Maxi-Saver with Passbook.

Interest Rate:

  • 0.50% (Php 50,000 – Php 499,999)
  • 0.625% (Php 500,000 – Php 999,999)
  • 1% (Php 1 million and above)

Required Initial Deposit: Php 50,000

Maintaining Balance: Php 50,000

Interest-Earning Balance: Php 50,000

 

g. Pamana Padala.

Interest Rate: 0.50%

Required Initial Deposit: Php 500

Maintaining Balance: Waived for accounts receiving at least four remittances in a year.

Interest-Earning Balance: Php 3,000

 

h. Pamana Savings Account with ATM Card.

Interest Rate: 0.50%

Required Initial Deposit: Php 5,000

Maintaining Balance: Php 5,000

Interest-Earning Balance: Php 10,000

 

i. Pamana Savings Account with Passbook.

Interest Rate: 0.50%

Required Initial Deposit: Php 50,000

Maintaining Balance: Php 50,000

Interest-Earning Balance: Php 50,000

 

j. Save-Up Automatic Savings + Insurance.

Interest Rate: 0.50%

Required Initial Deposit: None

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 3,000

 

k. Save-Up Automatic High Savings.

Interest Rate:

  • 0.50% (Php 3,000 – Php 49,999)
  • 0.625% (Php 50,000 – Php 499,999)
  • 0.75% (Php 500,000 and above)

Required Initial Deposit: None

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 3,000

 

BPI Direct Savings Accounts: Features and Deposit Rates.

a. BPInoy Savings.

Key Features:

  • ATM savings account
  • Direct crediting of remittances to the savings account
  • No required initial deposit and maintaining balance

Ideal for: OFWs looking to easily manage their remittances to the Philippines.

Interest Rate: 0.50%

Required Initial Deposit: None

Maintaining Balance: Waived for accounts with at least one remittance every three months.

Interest-Earning Balance: Php 500

 

b. Express Teller Savings.

Key Features:

  • ATM savings account
  • The debit card can be used for cashless payments, bills payments, cellphone reloading, etc.
  • High daily ATM withdrawal limit of Php 50,000
  • Comes with a BPI Direct Save-Up account for automatic saving

Ideal for: Anyone who needs savings account for convenient banking transactions and managing funds, as well as for automating monthly savings.

Interest Rate: 0.50%

Required Initial Deposit: Php 500

Maintaining Balance: Php 500

Interest-Earning Balance: Php 500

 

c. Maxi-Saver.

Key Features:

  • ATM savings account
  • 0.50% bonus interest per annum if no withdrawal within a month

Ideal for: Depositors who want to earn higher interest while enjoying easy access to their savings account.

Interest Rate:

  • 0.50% (Php 25,000 – Php 499,999)
  • 0.625% (Php 500,000 – Php 999,999)
  • 1% (Php 1 million and above)

Required Initial Deposit: Php 25,000

Maintaining Balance: Php 25,000

Interest-Earning Balance: Php 25,000

 

d. Save-Up Automatic Savings + Insurance.

Key Features:

  • No required initial deposit
  • Automatically transfer a set amount from a savings account to Save-Up account
  • Free life insurance up to Php 4 million

Ideal for:

  • Depositors who want to automate savings from their salary/payroll account
  • People who tend to overspend and struggle with saving money

Interest Rate: 0.50%

Required Initial Deposit: None

Maintaining Balance: Php 1,000

Interest-Earning Balance: Php 1,000

 

Go back to the main article: How to Open a BPI Savings Account: An Ultimate Guide