Pnb Saving Account Interest Rate

Posted : admin On 27.02.2021

On this short article, I will share easy steps on how to open savings account in PNB. PNB is one of the well-known and stable bank here in the Philippines. If PNB is your bank of choice and looking for some guide and information this article will help you.

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Previously, this blog shared simple and easy steps how to open savings account in other known and large bank here in the Philippines like BDO, BPI, Metrobank, RCBC, and Chinabank.

I will continue sharing more tutorials and simple guide along the way to help our fellow kababayans managing their personal finances.

Alright, let’s check the requirements and steps on opening a savings account in PNB.

PNB savings account requirements

  • 2 valid ID with photos
  • 2 1×1 ID pictures
  • Initial Deposit: P10,000 for Passbook and P3,000 for ATM

*New requirement:

  • TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)

Other features

PNB Passbook savings account

  • Initial deposit: P10,000
  • Minimum maintaning balance: P10,000
  • Balance to earn interest: P15,000
  • Interest rate: 0.100% p.a

PNB ATM savings account

  • Initial deposit: P3,000
  • Minimum maintaning balance: P3,000
  • Balance to earn interest: P10,000
  • Interest rate: 0.100% p.a

3 Easy steps to open savings account in PNB

1. Go to the nearest PNB branch in your area. Make sure to bring the requirements listed above.

2. Go to the new account section and advise the teller you’re going to open a savings account. The teller will provide you the application form.

3. Fill up the application form. Make sure you double check all the information. Once done, submit it to the teller together with the requirements and initial deposit amount of which savings account you chose. The bank teller will check and process your application.

Once completed, the teller will advise you when you can claim your ATM or passbook. Usually it’s 3-5 business days but depends on PNB branches.

That’s it!

You now have a savings account in PNB. You may check other types of bank account in PNB here. Start saving and working your financial goals to be financially free someday.

You may also check or read other personal finance tips on this blog to help you become more aware of how you can properly manage your personal finances.

You can check the ABC of emergency fund here to learn more about building emergency fund or you can read budgeting to help you in creating and working on your budget.



If your goal is to grow your money, savings account may not be the best tool to use. There are other investment vehicles out there that can help you more in growing your hard-earned money.

Here are some examples.

  1. Stock Market
  2. Mutual funds
  3. UITF
  4. Or businesses

There are other investments out there but make sure that you know something on it before venturing into any of them. You can read books, blogs or even attend seminars to help you gain more knowledge.

Always remember that investing in yourself is the best investment of all time.

I hope this has been informative, until next time! Cheers!


[Last updated 20 May 2020] Compare these high-interest savings accounts (peso-savings) for 2020 offered by the 10 largest banks in the Philippines to find the best one where you could deposit your hard-earned money. Consider high interest rates, initial deposits, maintaining balance, and amount to earn interest.

As I have clarified in one of my articles, maintaining savings accounts and other deposits remains far better than simply keeping a stash of cash under the mattress. Yes, many argue that these are not real investments because we allow our money to sleep in the vault (well, we know what banks do with our money) with a very low interest. However, financial gurus advise that we save and build our emergency funds – in high-interest savings accounts.

Here is a list of peso-savings accounts (2020) offered by the 10 largest banks. Annual interest rates, as indicated, range from 0.10 to 1.25 percent (usually tiered-rate accounts). To know more about interest computations, click this link: Gabay sa Pagbubukas ng Savings Account.

[1] Bank of the Philippine Islands (BPI)

  • Advance Savings
  • PHP100,000 (min initial deposit)
  • PHP100,000 (min MADB requirement)
  • PHP100,000 (min balance to earn interest)
  • 0.75-1.125% (annual interest)
  • Maxi Saver (High Returns)
  • PHP50,000 (min initial deposit)
  • PHP50,000 (min MADB requirement)
  • PHP50,000 (min balance to earn interest)
  • 0.25-0.625% (annual interest)
  • Pamana Savings (with 3X Life Insurance)
  • PHP25,000 (min initial deposit)
  • PHP25,000 (min MADB requirement)
  • PHP25,000 (min balance to earn interest)
  • 0.25% (annual interest)

source: BPI website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

Pnb Saving Account Interest Rate For Senior Citizens

[2] Security Bank Corporation (Security Bank)

  • eSecure Savings
  • PHP500 (min initial deposit)
  • PHP500 (min MADB requirement)
  • PHP5,000 (min balance to earn interest)
  • 0.50-1.20% (annual interest)
  • Build Up Savings
  • PHP5,000/50,000 (min initial deposit)
  • PHP5,000/50,000 (min MADB requirement)
  • PHP10,000/50,000 (min balance to earn interest)
  • 50/1.00% (annual interest)
  • Money Builder
  • PHP10,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.10-0.40% (annual interest)

source: Security Bank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

Pnb

[3] BDO Unibank, Inc. (BDO)

  • Optimum Savings
  • PHP30,000 (min initial deposit)
  • PHP30,000 (min MADB requirement)
  • PHP30,000 (min balance to earn interest)
  • NO DATA (annual interest)
  • Passbook Savings
  • PHP5,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.25% (annual interest)
  • ATM Savings
  • PHP2,000 (min initial deposit)
  • PHP2,000 (min MADB requirement)
  • PHP5,000 (min balance to earn interest)
  • 0.25% (annual interest)
  • Junior Savers
  • PHP100 (min initial deposit)
  • PHP100 (min MADB requirement)
  • PHP2,000 (min balance to earn interest)
  • 0.25% (annual interest)

source: BDO Unibank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[4] Metropolitan Bank and Trust Company (Metrobank)

  • Regular Passbook Savings
  • PHP10,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.25% (annual interest)
  • Regular Debit/ATM Savings
  • PHP2,000 (min initial deposit)
  • PHP2,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.25% (annual interest)

source: Metrobank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[5] Rizal Commercial Banking Corporation (RCBC)

  • Dragon Peso Savings (Premium)
  • PHP25,000 (min initial deposit)
  • PHP25,000 (min MADB requirement)
  • PHP25,000 (min balance to earn interest)
  • 0.15-0.5625% (annual interest)
  • iSave
  • NONE (min initial deposit)
  • NONE (min MADB requirement)
  • PHP5,000 (min balance to earn interest)
  • 0.15-0.20% (annual interest)

source: RCBC website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[6] China Banking Corporation (Chinabank)

  • Money Plus Savings
  • PHP20,000 (min initial deposit)
  • PHP20,000 (min MADB requirement)
  • PHP50,000 (min balance to earn interest)
  • 0.125% (annual interest)
  • ChinaCheck Plus
  • PHP5,000 (min initial deposit)
  • PHP5,000 (min MADB requirement)
  • PHP50,000 (min balance to earn interest)
  • 0.125% (annual interest)
  • Passbook Savings
  • PHP5,000 (min initial deposit)
  • PHP5,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.125% (annual interest)

source: Chinabank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[7] Philippine National Bank (PNB) Football gambling online.

  • Passbook Savings
  • PHP10,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP15,000 (min balance to earn interest)
  • 0.10% (annual interest)
  • Debit Savings Account
  • PHP3,000 (min initial deposit)
  • PHP3,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.10% (annual interest)

source: PNB website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[8] Union Bank of the Philippines (Unionbank)

  • Regular Savings Account
  • PHP10,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP25,000 (min balance to earn interest)
  • 0.10% (annual interest)
  • Personal Savings Account
  • NONE (min initial deposit)
  • NONE (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.10% (annual interest)

Source: Unionbank official website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[9] Land Bank of the Philippines (Landbank)

  • Easy Savings Plus (ESP)
  • PHP20,000 (min initial deposit)
  • PHP20,000 (min MADB requirement)
  • PHP20,000 (min balance to earn interest)
  • NO DATA (annual interest)
  • Regular Passbook Savings
  • PHP10,000 (min initial deposit)
  • PHP10,000 (min MADB requirement)
  • PHP10,000 (min balance to earn interest)
  • 0.10% (annual interest)

source: Landbank website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

[10] Development Bank of the Philippines (DBP)

  • ATM or Passbook
  • PHP500 (min initial deposit)
  • PHP500 (min MADB requirement)
  • PHP500 (min balance to earn interest)
  • NO DATA (annual interest)
  • Wisdom Account
  • PHP5,000 (min initial deposit)
  • PHP5,000 (min MADB requirement)
  • PHP5,000 (min balance to earn interest)
  • NO DATA (annual interest)

source: DBP website (data as of 20 May 2020). Visit their official website or the nearest servicing branches to check for possible updates on high-interest savings accounts and current rates.

Pnb Saving Account Interest Rate 2020

Disclaimer: The author is not directly affiliated with any of these 10 largest banks in the Philippines, however maintains peso-savings accounts with some of them. Please take this article providing helpful information about high-interest savings accounts as a personal guide upon opening a savings account; hence, visiting the official websites and servicing branches of these banks is highly advised.