Compulsory Savings Deposit

Compulsory Savings Deposit

₱ 500.00

Provide a savings account with competitive interest rate to be used as member-borrowers’ deposit counterpart for loans availed from OIC.

Category:

Description

  • Open to full-fledged members who plans to avail of OIC’s loan products or with existing OIC Loan;
  • It has an interest rate of three percent (3%) 1per annum which will be computed based on the average daily balance;
  • The interest earned is free of withholding tax;
  • Average Daily Balance (ADB) of FIVE HUNDRED PESOS (₱500) to earn interest;

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