PNB savings accounts for april 2024 - 7 offers. (2024)

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PNB savings accounts for april 2024 - 7 offers. (11)

Open a savings account at PNB. On 06.04.2024 there are 7 options available to you.

Offers: 7

Updated:

18.10.2022

06:11

PNB savings accounts for april 2024 - 7 offers. (12)

PNB

Direct Deposit Pensioner

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₱100 minimum initial deposit

Rate

i

Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (13)

PNB

Pensioner Savings

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₱100 minimum initial deposit

Rate

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Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (14)

PNB

MyFirst Savings

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no initial deposit required

Rate

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Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (15)

PNB

Top Saver

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₱30,000 minimum initial deposit

Rate

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Effective interest rate on the product

tiered

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PNB savings accounts for april 2024 - 7 offers. (16)

PNB

TAP Mastercard

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no initial deposit required

Rate

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Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (17)

PNB

Passbook Savings

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₱10,000 minimum initial deposit

Rate

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Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (18)

PNB

Debit Savings

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₱3,000 minimum initial deposit

Rate

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Effective interest rate on the product

0.1% per year

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PNB savings accounts for april 2024 - 7 offers. (19)

1

PNB savings accounts for april 2024 - 7 offers. (20)

Oliver Ibay

11.12.2023 at 03:23

No comment yet coz im not yet approved in my application

Review

PNB savings accounts for april 2024 - 7 offers. (21)

5

PNB savings accounts for april 2024 - 7 offers. (22)

Mariane Anjeline V

11.11.2023 at 08:25

very fast

Review

PNB savings accounts for april 2024 - 7 offers. (23)

4

PNB savings accounts for april 2024 - 7 offers. (24)

Michael P

23.04.2023 at 19:25

Please address my concerns regarding my loan application and its processing...

Review

PNB savings accounts for april 2024 - 7 offers. (25)

1.6

PNB savings accounts for april 2024 - 7 offers. (26)

Marygrace T

18.04.2023 at 19:55

Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...

Review

PNB savings accounts for april 2024 - 7 offers. (27)

1.4

PNB savings accounts for april 2024 - 7 offers. (28)

Marites P

11.04.2023 at 22:50

I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...

Review

PNB savings accounts for april 2024 - 7 offers. (29)

1.8

PNB savings accounts for april 2024 - 7 offers. (30)

Ryan P

10.04.2023 at 20:05

High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...

Review

PNB savings accounts for april 2024 - 7 offers. (31)

The Philippine National Bank savings accounts offer their users convenient and straightforward banking, which allows them to manage their savings and daily financial requirements easily.

Types of Philippine National Bank savings accounts

  • PNB Debit Savings Account. This regular savings account comes with a PNB-PAL Mabuhay Miles Debit Mastercard. It requires an initial deposit of ₱3,000, a minimum maintaining a balance of ₱3,000, and a minimal ADB of ₱10,000 to earn interest. The interest rate is 0.1% per annum.
  • PNB Passbook Savings Account. This allows its users to earn interest and monitor accounts by updating their passbook, deposit, and withdrawal at any branch. It requires an Initial deposit of ₱10,000, a minimum maintaining balance, and an ADB of ₱10,000. The interest rate is 0.1% per annum.
  • PNB TAP MasterCard Account. This is a savings account with zero maintenance balance. It allows for earning interest and points from selected merchants, which can be redeemed for Mabuhay Miles. The only requirement is a minimal ADB of ₱10,000 to earn interest.
  • PNB Top Saver Account. This account allows you to earn more as you save. You can grow the interest rate up to a maximum of 0.5%. Your PNB top saver account comes with a passbook and a debit card. It requires an initial deposit of ₱30,000.
  • PNB MyFirst Savings Account. This is a savings account meant for students who are seven or above. MyFirst Savings Account comes with a PNB-PAL Mabuhay Miles Debit Mastercard or a PNB passbook. The balance requirements are an initial deposit of ₱0, a minimum maintaining a balance of ₱0, ₱5,000 minimal ADB to earn interest, and an interest rate of 0.100% per annum.
  • PNB Pensioner Savings Account. This is an interest-bearing savings account that is designed explicitly for SSS pensioners. It offers secured access to their monthly pensions. It comes with a debit card. The balance requirements are an initial deposit of ₱100, a minimum maintaining a balance of ₱100, ₱5,000 minimal ADB to earn interest, and an interest rate of 0.100% per annum.
  • PNB U.S. Direct Deposit Pensioner Account. This is an interest-earning savings account with a lower maintenance balance and service charges for U.S. pensioners. Their balance requirements are an initial deposit of either ₱100 or $200 minimal maintaining balance of ₱100 or $200. The interest rate for peso deposits is 0.1% per annum, and the interest rate for USD deposits is 0%.

How to apply for a Philippine National Bank savings account?

To apply for a Philippine National Bank savings account, follow the steps below:

  1. Visit the PNB website

  2. Then click on Personal banking.

  3. After that you will see some drop down options on the screen, click on Save and grow your money

  4. On the deposit accounts box, click on View all accounts.

  5. Under the savings account box, click on Learn more.

  6. Select the account you want to apply for and click on Learn more written next to it.

  7. You have two options, either download the application form or continue applying online.

  8. If you decide to download the form, fill it and keep all the required documents ready. After that, create a softcopy of each document and send all the softcopies to the bank at [emailprotected].

  9. You can also choose to apply online, by clicking Click here to apply online.

  10. After that, read all the terms and requirements, and tap on Click here get started.

  11. Follow all the on screen directions, and complete your application form online.

  12. After you have submitted the application form, you will receive an email confirmation for successful registration. After that, you can visit any PNB branch of your choice to pick up your passbook and Visa debit card.

Requirements

Below are the requirements for opening a PNB savings account.

General requirements

  • A minimum of one valid identification document with the applicant's photo and signature hasn't expired.
  • Affidavit of tax exemption notarized by the depositor.
  • RDO from the revenue district office.
  • Identification papers, , like:

    • SSS/GSIS cards

    • Driver's license
    • Passport

    • Company ID cards etc.

      For OFW applicants

      • Minimum of one valid government-issued ID card.
      • Consularized certificate of employment compensation.
      • COEC with an original six-month payslip and remittance.

        For sole proprietorship

        • At least one genuine/original ID with a photo issued by a government agency.
        • Registration of a business name with the DTI
        • .Mayor's permit for the city.

          For minors

          • Guardian and authentic copy of the court order designating them.
          • Authentic/legible copy of NSO birth certificate.

          For partnership

          • Partnership articles.
          • A notarized resolution states each partner's authority level in dealings with the depository bank.
          • Registration certificate from the SEC.

            For corporation

            • Constitutional documents.
            • By-laws.
            • Permission to open a PNB account.
            • SEC certificate of registration.

              Pros and cons

              Some of the benefits and drawbacks of a PNB savings account are as follows.

              Pros

              • All the requirements are listed online.

              • The application can be completed in a day if all the needs are met.

              • The application process is entirely online.

              • There are not many eligibility criteria for a savings account.

              Cons

              • You have to visit the bank to get your debit card or passbook.

              • You have to visit the bank to get your passbook and debit card.

              FAQ

              What is the best savings account in PNB?

              The PNB top saver account is the best savings account. It allows you to earn more as you save more, grow your interest rate up to 0.500%, and comes with a passbook or a PNB-PAL Mabuhay Miles Debit Card.

              Does PNB collect dormancy fees?

              A dormancy fee of ₱30 will be charged when there isn't any customer-initiated transaction in five years or if the balance falls below the stipulated minimum maintaining balance of ₱3,000.

              PNB savings accounts for april 2024 - 7 offers. (2024)

              FAQs

              What is the interest rate for savings account in PNB 2024? ›

              What is the interest rate for a savings account in PNB 2024? The interest rate on the money deposited in the savings account ranges between 2.70% and 3.00%.

              Which bank gives 7% interest on savings account? ›

              As of April 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

              What is the interest rate for PNB savings account for senior citizens? ›

              Interest Rates

              The Punjab National Bank senior citizens savings Scheme interest rate is 7.4% per year. The interest for senior citizens savings scheme is computed quarterly. Also, the interest is completely taxable. The tenure of the savings scheme offered by Punjab National Bank is 5 years.

              What is senior citizen PNB interest rates? ›

              Punjab National Bank (PNB) offers FD interest rates of 3.50-7.25% p.a. to the general public and 4.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, and FCNR (B) fixed deposits.

              Do any banks pay 5% interest? ›

              M1's High-Yield Savings Account earns 5.00% APY with M1 Plus membership, non-members earn 1.50% APY. There is a monthly fee of $10 per month or $95 per year.

              Which is the best government bank for savings account? ›

              The State Bank of India (SBI), founded in 1806 as the Bank of Calcuta is one of the best savings account India. It is India's oldest and largest government-owned bank.

              Is PNB and PNB savings bank the same? ›

              Last November 25, 2014, Allied Savings Bank formally changed its name to PNB Savings Bank. PNB Savings Bank is a wholly owned subsidiary and the consumer arm of Philippine National Bank (PNB).

              What is the minimum balance in SBI savings account 2024? ›

              The savings bank account opening with SBI is free of charge. Also, there is no minimum balance requirement to maintain. How much interest will I get in an SBI savings account? You can get interest between 2.70% p.a. and 3.00% p.a. in your SBI savings account, depending on the deposit amount.

              Where will savings rates be in 2024? ›

              A 0.75% drop in rates in 2024

              "It is forecasted that this would cause a correlating reduction in savings rates up to 0.25% after each cut," he adds. So if a high-yield savings account currently has a 5% APY, he says, that could mean savings rates would fall to 4.25% after the three expected Fed rate cuts in 2024.

              Will bank interest rates go up in 2024? ›

              Fed chairman Jerome Powell has suggested that rates will eventually decline sometime in 2024. According to the Summary of Economic Projections, the Fed may implement at least three 25-basis point interest rate cuts in 2024—bringing the federal funds rate closer to 4.60%.

              What is the interest rate in 2024? ›

              While McBride had expected mortgage rates to fall to 5.75 percent by late 2024, the new economic reality means they're likely to hover in the range of 6.25 percent to 6.4 percent by the end of the year, he says.

              What is the interest rate trend in 2024? ›

              In its March Mortgage Finance Forecast, the Mortgage Bankers Association predicts that mortgage rates will fall from 6.8% in the first quarter of 2024 to 6.1% by the fourth quarter. The industry group expects rates will fall below the 6% threshold in the first quarter of 2025.

              References

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