AMA Bank Deposit Products

Here is a complete deposit products description and features of AMA Bank to include savings account, checking account, and time deposit.

Deposit Products   (as of January 2011)
	* Rates are subject to change depending on market values.
	Checking and Savings Accounts
		TYPE OF DEPOSIT ACCOUNT REQUIRED INITIAL DEPOSIT REQUIRED MINIMUM BALANCE REQUIRED MONTHLY ADB BALANCE TO EARN INTEREST SERVICE CHARGE IF BELOW MINIMUM BALANCE INTEREST RATE PER ANNUM CURRENT ACCOUNT Individual - P 5,000 Corporate - P 10,000 same N/A P 200.00 / month SAVINGS ACCOUNT Individual - P 1,000 Corporate - P 2,000 same P 500.00 P 200.00 / month 1% AUTOMATIC TRANSFER ACCOUNT (CA/SA) Individual - 10,000 Corporate - 20,000 same P 500.00 P 200.00 / month 1%
	AMA Bank Prime Savings Account (PSA)
		Product Description A special term of savings deposit earning a higher rate of interest. Evidenced by PSA agreements and passbooks. Covered by insurance PDIC – Php500,000.00 Features Minimum Amount  Php 1,000.00 Term Minimum term 30 days Rate 2.5% to 7.0% Withholding Tax  20% Withholding tax Subject to Documentary Stamp Tax Liquidity Features Client can avail of back to back 90% loanable amount on existing deposit. * RATES SUBJECT TO CHANGE WITHOUT PRIOR NOTICE ** PRIME SAVINGS ACCOUNT ( PSA ) Under Cellphone Promo Part 9, With minimum deposit of P50,000.00 and Lock-in maturity period of One (1) full year, depositor can avail of the latest Sony Ericsson, Nokia, Samsung Cellphones.
	AMA Certificate Time Deposit
		Product Description A form of deposit evidenced by Certificate of deposit issued by the Bank. Covered by insurance PDIC – Php500,000.00  Features Same as the AMA Prime Savings Account * RATES SUBJECT TO CHANGE WITHOUT PRIOR NOTICE
	5-Years AMA Bank Time Deposit
		Product Description A non- negotiable certificate of Time Deposit with a mininum term of Five years exempt from withholding tax.  Features Minimum Amount Php 50,000.00 Term 5 years Withholding Tax  Tax exempt if placement is held on until maturity. No partial – Pre-Termination Pre-Termination is subject to penalty based on graduated rates. Documentary Stamps- Php- 1.00 for every Php200.00 or fraction of the principal will be charged to the depositor and will be deducted from the proceeds. Liquidity Features Client can avail of back to back 90% loanable amount on existing deposit. Rates ** See below