Performance Task #6

Visit the branches of the ten largest banks listed above or search their websites. Ask or
locate the interest rates for their various deposits accounts (savings, checking, time
deposit (different tenors). Compare the rates of return they provide.
BDO, Metropolitan Bank & Trust Company, BPI, Land Bank of the Philippines,
PNB
1.) BDO Unibank
BDO Unibank Inc. is the largest of the banks in the Philippines in terms of
assets. The full-service universal bank also takes the lead in consolidated
resources, deposits, customer loans, and branch and ATM network all over the
country.
BDO offers a wide range of products and services, such as deposits, lending,
foreign exchange, trusts and investments, brokering, credit cards, remittances,
and corporate cash management.
BDO has a range of Peso Savings Accounts to suit your needs.
BDO Peso Savings Accounts offer endless possibilities to keep and grow your money.
Whether you’re saving for a long-term goal or setting aside money for upcoming
commitments, there’s an option for you.

BDO has a range of Peso Checking Accounts to suit your needs.

Settling your financial obligations can be simple and effortless with BDO. Our Checking
Account gives you the convenience of disbursing funds through issuance of checks while
easily monitoring your transactions through Electronic Statement of Account (eSOA) or
a passbook. With this account, you can manage your money and achieve financial
milestones.
If you have just started to consider investing, putting your funds in a time deposit account is a
good way to start. BDO Time Deposit offers you that advantage by giving you a wide range of
peso and dollar time deposit options that fits your lifestyle and saving goals.
2.) Metropolitan Bank & Trust Company
Metropolitan Bank & Trust Company, or Metrobank, is one of the premier
financial institutions in the country. It currently offers a wide range of banking
products and services all over the world, with its network of more than 2,300
ATMs, 950 local branches, 32 foreign branches, and representative offices.
3.) Bank of the Philippine Islands
Originally known as El Banco Español Filipino de Isabel II, the Bank of the
Philippine Islands was founded in 1851, making it the oldest of the banks in
the Philippines and in Southeast Asia. It marked the start of the banking and
finance industry in the Philippines.
With its network of more than 800 branches (local and in Hong Kong and
Europe) and 3,000 ATMs and cash deposit machines, BPI offers a
comprehensive range of banking products and services such as consumer
banking and lending, insurance, foreign exchange, leasing, and corporate and
investment banking.
Savings Account
Regular Savings

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 3,000 Php 3,000 Php 5,000 0.125%
 Deposit with Insurance

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 25,000 Php 25,000 Php 25,000 0.125%

High Returns

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 50,000 Php 50,000 Php 50,000 Varies

Savings Account
Regular Checking

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 10,000 Php 10,000 0 0%

Maxi One

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 25,000 Php 25,000 Php 25,000 Varies

BizLink Checking

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Monthly ADB Balance to Earn Annum)
Interest
Php 10,000 Php 10,000 Php 0 0%

Time Deposit Accounts

Peso Auto Renew

Required Initial Required Minimum Required Daily Interest Rate (Per

Deposit Term Balance to Earn Annum)
Interest
Php 50,000 35 days Php 50,000 0 Varies
4.) Land Bank of the Philippines
The government-owned Land Bank of the Philippines is considered the largest
formal credit institution in the rural areas. It is also one of the top commercial
banks in the Philippines in terms of assets, loans, and deposits.
Landbank was established in 1963 to help farmers and fishermen through
revenues from its commercial banking operations. It enables the universal
bank to strike a balance between maintaining a financially viable institution
and supporting rural development initiatives. The universal bank manages a
strong rural branch network consisting of 365 branches and more than 1,600
ATMs.
Savings
ATM Savings Account
Easy Saving Plus (ESP)
Time Deposit
Regular Peso Time Deposit
5.) Philippine National Bank
During the American Occupation in 1916, the Philippine government
established the Philippine National Bank (PNB), which was 100% privatized in
2007. The bank is considered one of the largest private universal banks in the
country. It offers a full range of banking and financial products, and works
with the Philippine government, agencies, local government units, and
government-owned and controlled corporations.
Security Bank Philippines
China Bank
Deposit
Peso Account

Development bank of the Philippines

Saving Account
Peso Account
Time Deposit
Regular Time Deposit

Union bank of the Philippines

Saving Account
Personal Saving Account
 Regular Savings Account

Time Deposit

Checking Account

10). RCBC (Rizal Commercial Banking Corporation)

Savings Account
Time Deposit