ICDEC.PH

Deposits

Savings Deposit (Passbook)

This savings account is offered to regular and associate member that can be opened in multiple accounts with initial deposit of at least Php1,000.00 only. Annual interest rates start at 0.50% up to 2% for regular member, and 0.50% to 1% for associate member. Interest income is recognized quarterly, TAX FREE! Average daily balance of Php2,000.00 must be maintained to bear interest. Any account with balance lower than Php1,000.00 will bear minimal fees.

Savings Deposit (ATM)

ICDeC ATM account is offered to regular and associate member that can be opened in multiple accounts with initial deposit of at least Php500.00 only. Annual fixed interest rate is 0.50% starting from average daily balance of Php1,000.00. Any account with balance lower than Php500.00 will bear minimal fees.

Regular Time Deposit

This time deposit account is offered for regular and associate member that can be opened in multiple accounts, with initial deposit of at least Php10,000.00 only. Annual interest rate starts at 2% up to 4% for regular member, and 1% to 3% for associate member. Term options varies and starts from 3 months up to 5 years. Interest income is recognized at end of term, TAX FREE! Pre-termination will bear minimal fees.

Special Time Deposit

Special Time Deposit account is exclusively offered to regular member that can be opened in multiple accounts. The required opening deposit is Php50,000.00 with an interest rate of 2% per annum termed for one (1) month. Interest income is recognized at end of term, TAX FREE! Pre-termination will bear minimal fees.

High Yield Time Deposit

This is a special time deposit product that is exclusively offered to regular member that can be opened in multiple accounts. The required opening deposit is Php500,000.00 with an interest rate of 6% per annum for a lock-in period of one (1) year. Pre-termination do not apply in this product. Interest income is recognized at end of term, TAX FREE!