Security Bank Savings Account
Interest Rates and Annual Percentage Yield Current as of March 1st, 2021.
- Security Bank Savings Account With Passbook
- See Full List On Securityonlinebank.com
- First Security Bank Savings Account
- Apply For A Bank Account Online Security Bank Philippines
| Product | Range | Rate | APY | Minimum Depositto Open Account | Minimum Balanceto Obtain APY |
| H S A | $0.01 – $4,999.99 | 0.05% | 0.05% | $50 | $0.01 |
| $5,000 – $9,999.99 | 0.10% | 0.10% | |||
| $10,000 – $19,999.99 | 0.10% | 0.10% | |||
| $20,000 and up | 0.20% | 0.20% | |||
| Preferred Business | $200 – $2,499.99 | 0.05% | 0.05% | $50 | $200 |
| $2,500 – $99,999.99 | 0.05% | 0.05% | |||
| $100,000 and up | 0.05% | 0.05% | |||
| Preferred | $500 – $2,499.99 | 0.05% | 0.05% | $50 | $500 |
| $2,500 – $99,999.99 | 0.05% | 0.05% | |||
| $100,000 and up | 0.05% | 0.05% | |||
| Public Funds / Government Checking | Up to $99,999.99 | 0.05% | 0.05% | $50 | $0.01 |
| $100,000 – $249,999.99 | 0.05% | 0.05% | |||
| $250,000 – $499,999.99 | 0.05% | 0.05% | |||
| $500,000 and up | 0.05% | 0.05% | |||
| Security Gold | $200 – $999.99 | 0.05% | 0.05% | $50 | $200 |
| $1,000 – $4,999.99 | 0.05% | 0.05% | |||
| $5,000 – $24,999.99 | 0.05% | 0.05% | |||
| $25,000 and up | 0.05% | 0.05% | |||
| Money Market | $2,500 – $24,999.99 | 0.10% | 0.10% | $50 | $2,500 |
| $25,000 – $99,999.99 | 0.15% | 0.15% | |||
| $100,000 – $999,999.99 | 0.20% | 0.20% | |||
| $1,000,000 and up | 0.20% | 0.20% | |||
| Savings | $0.01 – $2,499.99 | 0.10% | 0.10% | $50 | $0.01 |
| $2,500 – $24,999.99 | 0.10% | 0.10% | |||
| $25,000 – $99,999.99 | 0.15% | 0.15% | |||
| $100,000 – $999,999.99 | 0.20% | 0.20% | |||
| $1,000,000 and up | 0.20% | 0.20% |
Security Savings Bank offers checking solutions to simplify your finances and meet your everyday banking needs. All of our accounts include: Free Security Savings Mobile App; Free OnLine Banking, Bill Pay, and Mobile Deposits; Free eStatements. Save more with no lock-in or fixed minimum term. Higher interest rate than normal savings accounts. Open an account online Note: Effective January 1, 2021, the base interest rate for Regular Build Up Savings will be changed from 0.25% to 0.15%. Certificates of Deposit. Security Bank USA pays competitive interest rates on CD's and are insured to $250,000 by the FDIC. Call toll free for current rate quotes: 1-888-761-5879 or click here for current rates. IRA Accounts. IRA Variable; Roth IRA; Education Savings. AllAccess Checking accountholders and new-to-bank clients with an AllAccess account (P25,000 maintaining balance) may be eligible for the free life insurance provided that they are between 18 to 60 years old and have no adverse health statements or declaration made in the Group Life Insurance Form. The benefit amount shall be equal to the accounts year-to-date (YTD) Average Daily Balance (ADB.
| Term | Range | Interest Rate | APY | Minimum Deposit to Open Account | Minimum Balance to Obtain APY |
| 3 Months | Qualifying balance up to $9,999.99 | 0.10% | 0.10% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.10% | 0.10% | |||
| $50,000 – $9,999,999.99 | 0.10% | 0.10% | |||
| 6 Month | Qualifying balance up to $9,999.99 | 0.20% | 0.20% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.20% | 0.20% | |||
| $50,000 – $9,999,999.99 | 0.25% | 0.25% | |||
| 1 Year | Qualifying balance up to $9,999.99 | 0.30% | 0.30% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.30% | 0.30% | |||
| $50,000 – $9,999,999.99 | 0.35% | 0.35% | |||
| 2 Year | Qualifying balance up to $9,999.99 | 0.35% | 0.35% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.40% | 0.40% | |||
| $50,000 – $9,999,999.99 | 0.45% | 0.45% | |||
| 3 Year | Qualifying balance up to $9,999.99 | 0.40% | 0.40% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.45% | 0.45% | |||
| $50,000 – $9,999,999.99 | 0.50% | 0.50% | |||
| 39 Month Step-up | Qualifying balance up to $49,999.99 | 0.75% | 0.75% | $5,000 | $5,000 |
| $50,000 – $9,999,999.99 | 0.80% | 0.80% | |||
| 5 Year | Qualifying balance up to $9,999.99 | 0.70% | 0.70% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.70% | 0.70% | |||
| $50,000 – $9,999,999.99 | 0.75% | 0.75% |
| Term | Interest Rate | APY | Minimum Deposit to Open Account | Minimum Balance to Obtain APY |
| 1 Year* | 0.30% | 0.30% | $10,000 | $10,000 |
| 2 Year* | 0.40% | 0.40% | $10,000 | $10,000 |
| 3 Year* | 0.45% | 0.45% | $10,000 | $10,000 |
| 39 Month Step-up* | 0.75% | 0.75% | $10,000 | $10,000 |
| 5 Year* | 0.70% | 0.70% | $10,000 | $10,000 |
* A penalty may be imposed for early withdrawal.
| Term | Range | Interest Rate | APY | Minimum Deposit to Open Account | Minimum Balance to Obtain APY |
| Variable† | $0.01 – $49,999.99 | 0.05% | 0.05% | $50 | $0.01 |
| $50,000 – $99,999.99 | 0.10% | 0.10% | |||
| $100,000 – $9,999,999.99 | 0.15% | 0.15% | |||
| 1 Year* | Qualifying balance up to $9,999.99 | 0.30% | 0.30% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.30% | 0.30% | |||
| $50,000 – $9,999,999.99 | 0.35% | 0.35% | |||
| 2 Year* | Qualifying balance up to $9,999.99 | 0.35% | 0.35% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.40% | 0.40% | |||
| $50,000 – $9,999,999.99 | 0.45% | 0.45% | |||
| 3 Year* | Qualifying balance up to $9,999.99 | 0.40% | 0.40% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.45% | 0.45% | |||
| $50,000 – $9,999,999.99 | 0.50% | 0.50% | |||
| 39 Month Step-up* | Qualifying balance up to $49,999.99 | 0.75% | 0.75% | $5,000 | $5,000 |
| $50,000 – $9,999,999.99 | 0.80% | 0.80% | |||
| 5 Year* | Qualifying balance up to $9,999.99 | 0.70% | 0.70% | $1,000 | $1,000 |
| $10,000 – $49,999.99 | 0.70% | 0.70% | |||
| $50,000 – $9,999,999.99 | 0.75% | 0.75% |
* A penalty may be imposed for early withdrawal.
† Interest Rate and Annual Percentage Yield may change after account opening.
CHECKINGAND SAVINGS ACCOUNT INFORMATION:
Interest rates and annual percentage yield may change after opening. The interest rate and annual percentage yield (APY) are accurate as of the date indicated at the top of this page. If you would like more current rate and yield information, please call us at (320) 864-3171. At our discretion, we may change the interest rate on accounts. We may change the rate at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks) into your account. Fees could reduce the earnings on the accounts. Transfers from a money market account or savings account to another account or to third parties by pre-authorized, automatic, internet banking, check, debit card, draft, telephone transfer, or similar order are limited by Federal regulations to six per month. Contact a bank associate for more information.
CERTIFICATE OF DEPOSIT DISCLOSURE:
Rate and Annual Percentage Yield Information: Certificates of Deposit are interest-bearing accounts. The interest rate and annual percentage yield are accurate as of the date indicated at the top of this
Balance Information: The minimum balance to obtain the stated annual percentage yield is the same as the opening balance requirement. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Deposit Limitations: After the account is opened, additional deposits to your Certificate of Deposit are not allowed until maturity.
Early Withdrawal Penalties: For a Certificates of Deposit of
Renewal: This account will automatically renew. You will have a grace period of 10 calendar days after the maturity date to withdraw funds without a penalty. If you do not withdraw the funds, each renewal term will be for an identical term as the original term. If your account is not renewed, the funds will be paid directly to you.
‡ 15-month Certificate of Deposit accounts will automatically renew at the 12-month Certificate of Deposit term. The renewal rate will be the same rate we are then offering on new 12-month Certificate of Deposit accounts that have the same term and other features as this account.
Security Bank Savings Account With Passbook
[Last updated 19 May 2020] Security Bank (Philippines, PSE: SECB) is one of the country’s leading and most trusted universal banks serving retail, commercial, corporate, and institutional clients. Through the decades of dedicated banking operations since 1951, it has proven its financial management expertise, stability, consistent profitability, and continuous growth.
With a renewed brand promise ‘You deserve better,’ Security Bank commits itself to providing client-centered solutions to the banking needs of Filipinos along with its wide range of financial services – financing and leasing, foreign exchange and stock brokerage, investment banking, and asset management.
In the recent years of stiff competition, Security Bank has established a nationwide presence in the Philippine archipelago through aggressive expansion efforts – growing number of servicing branches and strategic ATM locations (source: Security Bank official website).
Security Bank Deposit Products (Savings)
[1] All-Access Checking Account (Initial Deposit: PHP 5,000.00) is a savings and checking account in a package that can be a perfect choice for depositors who manage a highly active personal cash flow. It comes with a passbook, a checkbook, and a debit (ATM) MasterCard and allows an easy access to funds for daily personal and business transactions.
[2] Easy Savings Account (Initial Deposit: PHP 5,000.00) is a basic and the simplest savings account offered by Security Bank that can be ideal for beginners. It comes with a debit MasterCard that can be used for shopping, dining, and paying bills online and offline.
[3] eSecure Online Savings Account (Initial Deposit: PHP 5,000.00) is a high-yield savings account for existing Security Bank Peso Casa clients. It can be a good partner in pursuing savings goals.
[4] Build Up Savings Account (Initial Deposit: PHP 5,000.00 [regular] and PHP 50,000.00 [premium]) promises an interest rate almost four times higher than any other traditional savings accounts. It can be a perfect account for serious and highly-disciplined savers who have long-term financial goals.
[5] Money Builder Savings Account (Initial Deposit: PHP 10,000.00) is another high-interest savings account offered by Security Bank that can be worth recommending to consistent individual savers, freelancers, sole business proprietors, and even corporations.
[6] US Dolloar Savings Account (Initial Deposit: USD 500) is a foreign-currency savings account that promises a safe and secure dollar remittance depository. Security Bank offers one of the highest interest rates for this special type of account.
[7] Chinese Yuan Savings Account (Initial Deposit: CNY 3,500) is Security Bank’s account designed for those who want to maximize their earning potential using CNY.
[8] Third Currency Accounts are non-interest bearing savings accounts that keep your foreign currency safe and secure. They can be opened using the following legal tenders: Hong Kong Dollar (HKD), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY/RMB), Japanese Yen (JPY), British Pound (GBP).
*All Security Bank deposit products earn interests at varying rates. Visit their official website or the nearest servicing branch to make inquiries about other deposit products, required maintaining balance, and existing interest rates.
Security Bank Account Opening Requirements
Here are the minimum documentary requirements upon opening a savings account with Security Bank (requirements may vary depending on deposit accounts):
- Accomplished Account Opening Online Form (submitted online)
- SMS-Received Reference Number
- 1 Primary or 2 Secondary ID Cards
- Required initial deposit
Here is the list of valid photo-bearing identification documents issued and signed by an official authority and recognized by Security Bank:
Primary Identification Cards
- Passport
- Driver’s License
- Professional Regulations Commission (PRC) ID
- Digitized Voter’s ID
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Unified Multi-purpose ID
- Alien Certification of Registration (ACR) I-Card
- Integrated Bar of the Philippines ID
- School ID
- NCDA ID
- Postal IC (PVC Plastic Card)
Secondary Identification Cards
- Company ID
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Postal ID
- Barangay Certification/Clearance
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Government Office and GOCC ID, e.g. Armed Forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)
- Department of Social Welfare and Development (DSWD) Certification
- PhilHealth Insurance Card ng Bayan (PHICB)
- City Health Card/Health Certificate Card
- Tax Identification Number (TIN) Card
Security Bank Account Opening Procedure (3 Easy Steps)
Opening savings and other deposit accounts, along with requirements, can be almost the same across all banks in the Philippines. As what I have experienced with major commercial banks, the usual process comes with a few forms, ID cards and other requirements, and verifiable personal details. With Security Bank, opening an account has been made faster and hassle-free in three easy steps:
See Full List On Securityonlinebank.com
[1] Complete the Account Opening Online Form. Visit the official website of Security Bank and click Open an Account (links can be found on the mid-page promotional photo, on the page footer, and on the Accounts menu). Accomplish the series of Online Account Opening forms and click Submit.
First Security Bank Savings Account
[2] Receive Your Reference Number via SMS. After accomplishing the Account Opening Online Form, you will receive an SMS (mobile message) confirmation together with your reference number.
Apply For A Bank Account Online Security Bank Philippines
[3] Visit Your Selected Security Bank Servicing Branch and Finalize the Process. Hand over your prepared account opening requirements to the bank clerk (Check Account Opening Requirements listed above). Make your initial deposit and claim your debit MasterCard and/or passbook whichever is applicable and available.
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Disclaimer: The author is not directly affiliated with Security Bank Corporation (Philippines), however maintains a payroll account. Please take this article as a simple tutorial on how to open a deposit account with Security Bank and not a help page for your other concerns and issues with the bank.