Earn more with Savings Deposit
Open to all Fairchild Cooperative members. Build your savings with a monthly over-the-counter deposit of at least ₱200, locked for 1 year, and earn a higher tax-free interest rate.
Account Highlights
Higher interest rate at 4% + 1% per year.
Monthly over the counter deposit of at least ₱200.
Deposit lock for 1 year.
Tax free and no other charges.
₱1,000 monthly maintaining balance.
*Rates can go up and down depending on economic and market conditions.
Savings Deposit
Total Deposits Made
₱2,400.00
Starting balance plus all monthly deposits over 1 year.
Savings Deposit
Interest Rate
5.0% p.a.
Fixed rate, tax-free and compounded annually.
Savings Deposit
Total Interest Earned
₱65.00
Tax-free interest earned over 1 year.
Savings Deposit
Estimated Ending Balance
₱2,465.00
Total deposits plus all compounded tax-free interest earned.
Deposits are locked for 1 year and require a monthly over-the-counter contribution of at least ₱200. Interest is computed on the average daily balance, tax-free, and credited annually. Maintain at least ₱1,000 monthly balance to keep the account in good standing.
Why Choose Savings Deposit
Savings Deposit Benefits
Earn more than a regular savings account, with an affordable, low-commitment way to build your funds.
4% + 1% Combined Annual Rate
A higher-yield alternative to regular savings.
Low ₱200 Monthly Deposit
Build your savings gradually with an affordable minimum.
Tax-Free Earnings
Keep all the interest you earn, with no other charges.
Secure, Cooperative-Backed Savings
Your funds are held by a trusted community institution.
Simple 1-Year Commitment
A short lock-in period to start earning more.
₱1,000 Monthly Maintaining Balance
An accessible requirement to keep your account active.