How To Open Eastwest Savings Account – Step by Step and Requirements

Do you want to open your own savings account? With Eastwest, you can make that possible. They offer low initial deposit and maintaining balance.

Important Advice: Make sure to enroll on Eastwest online banking to keep yourself updated with your transactions. 

See below the procedure for opening your Eastwest savings accounts:

• Go to the nearest branch near you
• Go to the officer in charge for opening savings account(You can ask the guard if needed)
• Fill out the application form

(Make sure to double or even triple check the information you provided)

• Submit your 2 valid IDs for them to photocopy and also your billing statement
• Pay the initial deposit requirements
• Wait for the bank officer to process your application

How Much To Open Eastwest Passbook Savings Account:
Minimum Initial Deposit – P5,000
Maintaining ADB – P5,000
Interest Earning Balance – P10,000
Interest Rate – 0.125Z% p.a.

How Much Fees and Charges for Eastwest Passbook Savings Account:
Withholding Tax – 20%
Early Closure of account – P500.00
Below Maintaining – P500.00
Dormancy Charge – P30.00
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)

How Much To Open Eastwest Passbook Savings with Debit Card Account:
Minimum Initial Deposit – P10,000
Maintaining ADB – P10,000
Interest Earning Balance – P25,000
Interest Rate – 0.125Z% p.a.

How Much Fees and Charges for Eastwest Passbook Savings with Debit Card Account:
Withholding Tax – 20%
Early Closure of account – P500.00
Below Maintaining – P500.00
Dormancy Charge – P30.00
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)

How Much To Open Eastwest Regular Savings with Debit Card Account:
Minimum Initial Deposit – P2,000
Maintaining ADB – P2,000
Interest Earning Balance – P10,000
Interest Rate – 0.125Z% p.a.

How Much Fees and Charges for Eastwest Regular Savings with Debit Card Account:
Withholding Tax – 20%
Early Closure of account – P500.00
Below Maintaining – P500.00
Dormancy Charge – P30.00
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)

How Much To Open Eastwest Basic Savings Account:
Minimum Initial Deposit – P2,000
Maintaining ADB – P2,000
Interest Earning Balance – P2,000
Interest Rate – 0.125Z% p.a.

How Much Fees and Charges for Eastwest Basic Savings Account:
Withholding Tax – 20%
Early Closure of account – P500.00
Below Maintaining – P500.00
Dormancy Charge – P30.00
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)

How Much To Open Eastwest Super Saver Savings Account:
Minimum Initial Deposit – P500,000
Maintaining ADB – P100
Interest Earning Balance – P500,000
Interest Rate – P500
Deposit Amount Rate p.a
P 500,000 – P999,999 / 0.125%
P 1,000,000 – P 4,999,999 / 0.375%
P 5,000,000 – P 9,999,999 / 0.50%
P 10 Million and up -0.75%

How Much Fees and Charges for Eastwest Super Saver Savings Account:
Early Closure of account – P500.00
Below Maintaining – P500.00
Dormancy Charge – P30.00
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)
Bonus Interest – 0.75% p.a
Withholding Tax – 20%
PDIC Coverage – P 500,000