Optimum Savings

Whether you’re saving up for a house, a car, or your future, this account with tiered interest rates will help you reach your goals as fast as possible. 

Optimum Savings
Get the best out of your savings

Why choose Optimum Savings

Features

Personal Account

Minimum Initial Deposit:  ₱30,000
Minimum MADB Requirement:  ₱30,000
Minimum Balance to Earn Interest:  ₱30,000

Business Account

Minimum Initial Deposit: ₱50,000
Minimum MADB Requirement: ₱50,000
Minimum Balance to Earn Interest: ₱50,000

Gross Interest Rate Per Annum

Call or visit your preferred BDO branch for the latest rates.

Fees and charges

Account Closure (2)

₱300

Falling Below Minimum Balance (3)

₱300

Account Dormancy (4)

₱30

Withholding Tax for Interest Earned

20%

In excess of 3 client-initiated withdrawal/debit transaction per month (per excess transaction)

₱110

(1)  Minimum Average Daily Balance
(2) Account Closure Fee will be collected if account is closed within 30 days from account opening.
(3) Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months.
(4) Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB.

  • A savings account is dormant if it has no client-initiated activity for two (2) years.
  • Collection will start five (5) years after the last client-initiated activity date.
  • The revised collection and dormancy fee is effective April 25, 2017.

Ways to open an account

Account opening process

Online:
Branch:

Saved your account opening online?

Proceed with your application by entering your reference number.

Proceed with your application by entering your reference number.

Accepted IDs for account opening

 
  1. Passport (with English characters)
  2. Driver's License issued by LTO
  3. Professional Regulations Commission (PRC) ID
  4. Unified Multi-purpose ID (UMID)
  5. Social Security System (SSS) ID
  6. Philippine Identification System (PhilSys) ID
  7. School ID (for minors)
  8. NBI Clearance
  9. PNP Clearance with dry seal
  10. Philippine Postal ID
  11. Voter's ID
  12. Tax Identification Number (TIN) ID
  13. Barangay Certification with dry seal
  14. Government Service and Insurance System (GSIS) ID
  15. PhilHealth ID
  16. Senior Citizen ID
  17. Overseas Workers Welfare Administration (OWWA) ID
  18. Overseas Filipino Workers (OFW) ID
  19. Seaman's Book
  20. Government Office and GOCC ID (e.g. AFP, HDMF)
  21. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  22. Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
  23. DSWD Certification
  24. Integrated Bar of the Philippines (IBP) ID
  25. Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
  26. Maritime Industry Authority (MARINA) ID

*One (1) valid ID is acceptable if the ID is a Passport, Driver’s License, PRC ID, UMID, SSS ID, PhilySys ID or School ID (for minors).
Otherwise, please prepare at least two (2) valid IDs from the list. The chosen ID must be original and within their period of validity.
You may be asked to submit additional documents in compliance with bank regulatory requirements

Deposits are insured by PDIC up to P500,000 per depositor.

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