Deposits

Regular Savings Deposit

  • Required minimum, P 500.00
  • Withdrawable anytime unless encumbered against loan
  • Earns 1.5% interest rate.

Time Deposit

  • Required minimum, P 1,000.00
  • Earns competitive interest rate.
TIME DEPOSIT INTEREST RATE
AMOUNTINTEREST/ANNUM
1,000 – 50,0002.10%
50,001 – 100,0002.20%
100,001 – 300,0002.30%
300,001 – 500,0002.40%
500,001 – ABOVE3.00%

Retirement Savings (RS) has several options. The RS 205 series require a contribution of (5) years and gives the saver an option to keep his/her money with FICCO for another one to five years more. A saver may buy several or a combination of plans.

a.) RS 205 – A

TERM: 5 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly200.00(12,000.00)5th year13,304.02
Quarterly598.01(11,960.20)6th year13,846.06
Semi-Annual1,190.08(11,900.80)7th year14,410.18
Annual2,356.64(11,783.20)8th year14,997.28
Lump-Sum10,896.00(10,896.00)9th year15,608.30
10th year16,244.18

b.) RS 205 – B

TERM: 5 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly100.00(6,000.00)5th year6,652.01
Quarterly299.00(5,980.00)6th year6,923.03
Semi-Annual595.04(5,950.40)7th year7,205.09
Annual1,178.32(5,891.60)8th year7,498.64
Lump-Sum5,448.02(5,448.02)9th year7,804.15
10th year8,122.09

c.) RS 205-C

TERM: 5 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly676.50(40,590.00)5th year45,000.75
Quarterly2,022.77(40,455.40)6th year46,834.15
Semi-Annual4,025.44(40,254.40)7th year48,742.24
Annual7,971.29(39,856.45)8th year50,728.06
Lump-Sum36,855.77(36,855.77)9th year52,794.80
10th year54,945.74

The RS 215 series require a contribution period of ten (10) years and gives the saver an option to keep his/her money for another two (2) to ten (10) years, after the 10th year. A saver may also buy several or a combination of plans.

 

d.) RS 215-A

TERM: 10 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly100.00(12,000.00)10th year14,774.05
Quarterly299.01(11,960.40)12th year16,002.41
Semi-Annual595.04(11,900.80)14th year17,332.90
Annual1,178.32(11,783.20)16th year18,774.01
Lump-Sum9,909.94(9,909.94)18th year20,334.92
20th year22,025.62
40th year48,953.79

e.) RS 215-B

TERM: 10 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly169.22(20,306.40)10th year25,000.59
Quarterly505.98(20,239.20)12th year27,079.21
Semi-Annual1,006.92(20,138.40)14th year29,330.65
Annual1,993.94(19,939.40)16th year31,769.29
Lump-Sum16,769.51(16,769.51)18th year34,410.67
20th year37,271.68
40th year82,839.43

f.) RS 215-C

TERM: 10 YEARS DEPOSIT PERIOD

Contribution Total ContributionAt the end ofMaturity Value
Monthly473.81(56,857.20)10th year70,000.94
Quarterly1,416.71(56,668.40)12th year75,821.02
Semi-Annual2,819.35(56,387.00)14th year82,124.99
Annual5,582.97(55,829.70)16th year88,953.10
Lump-Sum46,954.30(46,954.30)18th year96,348.94
20th year104,359.70
40th year231,948.09

The Installment Savings (IS) program is categorized into IS 110 & IS 120. The IS 110 requires a fixed contribution of P 100 or P 200 per month per plan. The saver may choose a term ranging from 12 months to 48 months and a saver may buy at his/her option, several plans:

a). IS 110

P 100.00 monthly savingsP 200.00 monthly savings
TERMTOTALMATURITYTOTALMATURITY
ContributionVALUETERMContributionVALUE
12 mos.  1,200.00         1,226.3212 mos.   2,400.00    2,452.64
18 mos.  1,800.00         1,858.0918 mos.   3,600.00    3,716.18
24 mos.  2,400.00         2,502.6024 mos.   4,800.00    5,005.20
30 mos.  3,000.00         3,160.1230 mos.   6,000.00    6,320.24
36 mos.  3,600.00         3,830.9036 mos.   7,200.00    7,661.80
48 mos.  4,800.00         5,213.2948 mos.   9,600.00  10,426.58

IS 120 gives the saver a choice of plans based on maturity values. The amount of periodic contribution also depends on the length of the term and the manner of payment (monthly, quarterly, semi-annual, annual or lump-sum) a saver can buy several or a combination of plans.

b.) IS 120

TERMMATURITYMONTHLYTOTALQUARTERLYTOTAL
VALUEDEPOSITDEPOSITDEPOSITDEPOSIT
12 mos.  2,000.00            163.09(1,957.08)      487.64(1,950.56)
18 mos.  3,000.00            161.46  (2,906.28)      482.76   (2,896.56)
24 mos.  4,000.00            159.84  (3,836.16)      477.92   (3,823.36)
30 mos.  5,000.00            158.23  (4,746.90)      473.09   (4,730.90)
36 mos.  6,000.00            156.63  (5,638.68)      468.31   (5,619.72)
48 mos.  8,000.00            153.46  (7,366.08)      458.84   (7,341.44)

 

TERMSEMI-ANNUALTOTALANNUALTOTAL
DEPOSITDEPOSITDEPOSITDEPOSITLUMP SUM
12 mos.      970.45(1,940.90)   1,921.71(1,921.71)  1,921.71
18 mos.      960.73  (2,882.19)   1,908.64      (2,862.96)  2,825.59
24 mos.      951.08  (3,804.32)   1,883.35      (3,766.70)  3,692.97
30 mos.      941.48  (4,707.40)   1,867.90      (4,669.75)  4,524.94
36 mos.      931.96  (5,591.76)   1,845.51      (5,536.53)  5,322.60
48 mos.      913.12  (7,304.96)   1,808.18      (7,232.72)  6,818.98

For Deposits : No 20% withholding Tax