I found this great product from BPI that I want to share with others. A lot of savings account offer minimal interest for placing your money in the bank. BPI has made a product that provides a different incentive to depositors. They have a savings account that includes insurance to the product.
Below are the mechanics from their website.
Introducing - - BPI Direct Save-Up
Automatic Savings and Insurance that help you achieve your life goals, payday after payday.
SAVINGS THAT'S EASY TO START AND BUILD.
Start your automatic savings with no initial deposit. Build it up payday after payday and earn higher interest as your balance increases. Do all these while enjoying a low monthly maintaining balance of only Php 1,000.
SAVE WHAT YOU CAN, WHEN YOU CAN.
Remain in control as you set aside a portion of your income automatically each payday. Decide how much and how often you want to save from your payroll account and transfer it automatically to your BPI Direct Save-Up account.
Start saving for sure for things that matter for as low as Php250. Just choose from among the following frequencies:
• Once a week
• Every other week
• Once a month
• Twice a month
Got a bonus? You can also transfer funds anytime to your BPI Direct Save-Up.
Other Related Articles: