SAVINGS DEPOSIT

Maintaining Balance: P500.00

Interest Rate per Annum: 0.25%

TIME DEPOSIT

FOR INDIVIDUALS

BRACKET                             90 DAYS     180DAYS     365DAYS

10,000-500,000.00                1.50%         2.00%         2.50%

500,001.00-1,200,000.00    1.75%             2.50%     3.50% 

1,200,001.00& above             2.00%         3.00%         4.00%

FOR COOPERATIVES

BRACKET                             90DAYS         180DAYS     365DAYS

10,000.00-500,000.00         2.00%             2.50%         3.00%

500,001.00-1,200,000.00     2.25%             3.00%        3.75%

1,200,001.00 & Above         2.50%                 3.50%        4.50%

REQUIREMENTS FOR OPENING ACCOUNT

FOR INDIVIDUALS

o 2 VALID ID/s & 2 COPIES 1X1 ID PICTURES

FOR COOP ACCTS

     1. SEC/CDA CERT. OF REGISTRATION

     2. ARTICLES OF INCORPORATION

     3. BY-LAWS

     4. BOARD RESO

           A.) NAMING COOP BANK AS DEPOSITORY BANK

           B.) NAMING THE OFFICERS AUTHORIZED TO SIGN & THE NATURE & EXTENT OF THEIR AUTHORITY TO SIGN

    5.CERTIFICATE OF TAX EXEMPTION

    6. BUSINESS PERMIT

     7. UPDATED LIST OF OFFICERS & BOD’s

     8. 2 VALID ID/s & 2 COPIES 1X1 ID PICTURES OF SIGNATORIES

FOR ASSOC./ ORG’NS

    1. CERT. OF REGISTRATION IF DULY REGISTERED

    2. CONSTITUTION & BY-LAWS

    3. RESO (same as #4)

    4. 2 VALID ID/s & 2 COPIES 1X1 ID PICTURES OF SIGNATORIES

FOR SINGLE PROPRIETORSHIP

     1. MAYOR’S PERMIT OR

     2. BUSINESS REGISTRATION FROM DTI

     3. 2 VALID ID/s & 2 COPIES 1X1 ID PICTURES OF SIGNATORIES