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Metrobank Minimum Maintaining Balance and Interest rates 2013

One of the largest banks in the Philipines, Metrobank provides an array and flexible banking products and services for your personal needs. To get the most out of your Metrobank account, it is useful to know their personal banking accounts for general reference:

This a table of Metrobank's Personal Bank Accounts, Minimum Maintaining Balance and Interest rates effective January 1, 2013:

PRODUCT	INITIAL DEPOSIT	MAINTAINING BALANCE	BALANCE TO EARN INTEREST	INTEREST RATE	Service Fee on Accounts below minimum monthly ADB (for 2 consecutive months)+
Passbook
Passbook Savings	P 10,000.00	P 10,000.00	P 10,000.00	0.250%	P 300.00
OFW	waived	waived	P 10,000.00	0.250%	Not Applicable
SSS Pensioner	P 100.00	P 10,000.00	P 10,000.00	0.250%	P 300.00
US Pensioner	P 500.00	P 500.00	P 10,000.00	0.250%	P 300.00
Metrobank e-Teller (ATM)
Savings	P 2,000.00	P 2,000	P10,000.00	0.250%	P 300.00
OFW	waived	waived	P10,000.00	0.250%	Not Applicable
SSS Pensioner	P 100.00	P 100.00	P10,000.00	0.250%	P 300.00
Checking	P10,000.00	P10,000.00	n.a.	n.a.	P 300.00
AccountOne
with ATM	P 25,000.00	P 25,000.00	P 50,000.00	0.250%	P 500.00
w/o ATM	P 25,000.00	P 25,000.00	P 50,000.00	0.250%	P 500.00
MetroCheckingExtra	P 15,000.00	P 15,000.00	P 15,000.00	0.250%	P 300.00
Fun Savers Club	P 500.00	P 500.00	P 4,000.00	0.250%	P 300.00

As you notice, Metrobank's interest rates of their personal banking account are mostly 0.250%. And their service fees on accounts below minimum maintaining balance are mostly 300 pesos.

- https://www.affordablecebu.com/

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"Metrobank Minimum Maintaining Balance and Interest rates 2013" was written by Mary under the Banking category. It has been read 7084 times and generated 0 comments. The article was created on 08 March 2013 and updated on 08 March 2013.

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Johanna Gutierrez [Entry]

Does ADB mean Average Daily Balance? and therefore, we don't need to have a maintaining balance of P2000 on a daily basis?