Basic savings account

In this hard trying times maintaining a savings account is very difficult specially if your a student or a plain house wife. Opening a savings account maybe stressful to some most banks have a high initial deposit ranging from 1k to as high as 5k depending on the account wether atm or passbook some banks recquire 10k for passbook. Then you have to maintain huge amount to earn interest or for some banks to avoid monthly service fee. There are banks who offer low initial and maintaining balance. While there are two banks who introduce the no maintaining balance account for almost two years now. Now east west bank the newest universal bank in the country which was given a universal license by the BSP last March of this year has a new product called the basic savings account initial deposit is 100php can you believe it wow and whats more if you reach 500php youll earn interest not bad. All you need is 100php as a maintaining balance and 500php to earn .0025% per annum. Its truely a simple yet very affordable and easy to maintain. Ideal for students and ordinary individual who really on a thight budget. Other features of the account is a visa debit card, electronic statement, can use as point of sale even internet shopping. Do remember of the fees they impose on basic savings account withdrawal over the counter and fund transfer over the counter you have to pay 100php and for deposit free of charge. Transfering fund from your personal account going to your other account is free of charge. On line transfer is also free. It is truly a small begining with east west banks basic savings account now every one can have there own savings account

Low initial and maintaining balance for regular savings account

No maintaining balance
Bpi and bpi family bank
Pay 250php 200php initial deposit and 50php for the atm fee. 5php transaction fee every time you use the card. 1000php to earn interest
China bank savings account
100php charge for the atm get your card instantly 1000php to earn interest

100php initial and maitaning balance

East west bank 

basic savings account 

initial deposit is 100php and 500 to earn interest comes with an atm visa. The lowest initial and maintaining balance in the market today

500 initial and maintaining balance
Land bank of the philippines
500 initial deposit and 500 For maintaining balance
Security Bank
500 initial deposit and maintaining balance 2000 to earn interest
Security bank savings (subsidiary owned by security bank formerly premiere bank) 500 for atm
The Real Bank
500 for passbook
100 initial deposit and 500 maitaining balance for atm
China bank savings
500 initial deposit and 1000 maintaining balance
RCBC savings
500 initial deposit
BPI direct
500 initial and maintaining balance
*apply through online
Sterling bank of asia
Any amount but you need to maintain 2000php with in 3 months comes with atm and passbook
Bank of commerce
500 initial deposit
Equicom savings bank
500 initial deposit

1000 initial and maitaining balance

China bank
1000 for atm or passbook
Opens till 5:00pm mondays to saturday inside sm malls

5000php to earn interest
Philippine business bank
1000 for atm or passbook
BPI family bank
1000 initial depost
City state savings bank
1000 atm
GSIS bank
1000 initial deposit atm
Philippine veterans bank
1000 atm or pass book or both
Philtrust bank
1000 passbook

2000 initial deposit

Banco de oro
2000 initial and maintaining balance
Branch are open till 7pm mondays to sunday inside sm malls
Philippine savings bank (PSB)
2000 initial and maintaining balance
*get your atm instantly
Planters bank
2000 initial deposit and maintaining balance
Metrobank
2000 initial and maintaining balance
EastWest bank
2000 initial deposit
Robinsons Bank
2000 initial deposit