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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:

PRODUCTINITIAL DEPOSITMAINTAINING BALANCEBALANCE TO EARN INTERESTINTEREST RATEService Fee on Accounts below minimum monthly ADB (for 2 consecutive months)+
Passbook




  • Passbook Savings
P 10,000.00P 10,000.00 P 10,000.00 0.250%P 300.00
  • OFW
waivedwaived P 10,000.00 0.250%Not Applicable
  • SSS Pensioner
P 100.00P 10,000.00P 10,000.00 0.250%P 300.00
  • US Pensioner
P 500.00P 500.00 P 10,000.00 0.250%P 300.00
Metrobank e-Teller (ATM)




  • Savings
P 2,000.00P 2,000P10,000.000.250%P 300.00
  • OFW
waivedwaivedP10,000.00 0.250%Not Applicable
  • SSS Pensioner
P 100.00P 100.00 P10,000.00 0.250%P 300.00
CheckingP10,000.00 P10,000.00 n.a.n.a.P 300.00
AccountOne




  • with ATM
P 25,000.00P 25,000.00 P 50,000.000.250%P 500.00
  • w/o ATM
P 25,000.00 P 25,000.00 P 50,000.00 0.250%P 500.00
MetroCheckingExtraP 15,000.00P 15,000.00 P 15,000.00 0.250%P 300.00
Fun Savers ClubP 500.00P 500.00P 4,000.000.250%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 7194 times and generated 0 comments. The article was created on and updated on 08 March 2013.
Total comments : 1
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?