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Our Peso Savings Account. Easy to access, even easier to maintain. Uncomplicated banking at its best.
Opening Balance Requirement
Can open an account in any amount
Minimum ADB Requirement
Php5,000.00
Interest Earning Balance
Php5,000.00
Interest Crediting
Monthly
Interest Rate
0.50% P.A.
Account Access
Over-the-counter, ATM, BancNet Online, Sterling Bank Online
Ease of Account Management
Maintaining only one (1) account that has both features of a passbook and ATM savings accounts.
Saving while earning interest
An interest-bearing peso deposit account in which earned interest is credited monthly.
Passbook and ATM Savings Accounts rolled into ONE
Get access to exclusive perks and promos from Visa every time you use your ShopNPay Visa debit card.
Solo Savings Account Comparison
| Account Opening at the Branch | Account Opening through the Website | |
|---|---|---|
| Eligibility |
Filipinos (both resident and non-resident OFWs) and Foreign Nationals (residents only) |
|
| Application Requirements |
For Filipinos:
|
Customer just needs to perform the following: 1. Fill out the online account opening form. 2. Upload/submit a selfie with the ID, front/ back view of the ID, and a photo of the signature 3. Attend the scheduled video interview. |
| Opening Balance Requirement | None | |
| Automatic Account Closure | None | The account will automatically close if no deposit/credit is done within two (2) months after account opening |
| Required Minimum Average Daily Balance (ADB) to avoid charges | Php5,000.00 | None |
| Service Fee for Falling Below ADB | Php300.00 | None |
| Maximum Balance | None | |
| Maintenance Fee | None | Php 300.00/month if: a. ADB is less than Php5,000.00; and b. No account movement for the last 6 months |
| Interest Earning Balance | Php5,000.00 | |
| Interest Rate | 0.50% | 0.25% |
| Dormancy Fee | Php30.00 | None |
| Other | With Passbook and ATM Card | ATM Only (Subject to the requirement that the account must have at least a balance of Php1000.00 upon card application.) |
| Book an Appointment | Open an Account | |
Deposit Rates Comparison
As of November 29, 2019
How Do I Apply
Requirements
For Resident Citizen, Non-resident Citizen and Resident Alien
1 original valid photo-bearing government-issued ID
Passport and Alien Certification of Registration (ACR)
Card or Alien Employment Permit (AEP)
1
Complete the Account Opening Online Form
2
Wait for the reference number sent to you through SMS
3
Visit your selected branch and deposit the specified opening balance
Bank on-the-go
Make transactions on-the-go with Sterling Bank’s mobile app, available on iOS and Android.
Online Banking