Asia United Bank savings accounts for november 2024

Asia United Bank
Open a savings account at Asia United Bank. On 06.11.2024 there are 6 options available to you.
Offers: 6
Updated:
17.10.2022
09:37
Asia United Bank
Preferred Foreign Currency Savings
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Asia United Bank
Preferred Dollar Time
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from $1,000
Term
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Loan term for the financial product

30 - 360 days
Asia United Bank
Preferred Dollar Savings
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
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Effective interest rate on the product

0.05% per year
Asia United Bank
Starter Savings
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
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Effective interest rate on the product

0.100% per year
Asia United Bank
Preferred Peso Savings
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Rate
i

Effective interest rate on the product

0.100% per year
Asia United Bank
Preferred Peso Savings Plus
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

from ₱100,000
Term
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Loan term for the financial product

from 30 days
Asia United Bank savings accounts for november 2024

An AUB savings account is a bank account maintained by the corporation that provides nominal interest rates and principal security.

Types of AUB savings account

Below are the types of savings accounts offered by the bank:

  • Preferred Peso Savings. This interest-bearing account permits deposits and withdrawals over the counter using a passbook, an ATM card, or via phone banking service. Transactions are conducted over the counter or through an ATM/mobile banking service. It monitors transactions using a passbook. The PDIC insures deposits up to ₱500,000 per depositor. There is no minimum initial deposit, but there is a ₱5,000 minimum maintaining balance. The interest-generating is ₱500,000, and the annual interest rate is 0.100%.
  • Preferred Peso Savings Plus. This is a passbook investment account with a term deposit amount maintained for a set duration and rate. It offers better interest rates than the Preferred Peso savings account and is comparable with time deposits. The passbook functions as a certificate of deposit. The PDIC also protects deposits by up to ₱500,000 per depositor. The minimum placement value is ₱100,000.
  • Starter Savings. This is ATM-based savings account with no minimum balance requirement, and deposits are guaranteed by the PDIC up to ₱500,000 per depositor. There is no minimum initial deposit, and there is no minimum maintenance balance. The interest earning balance is ₱1,000, and the annual interest rate is 0.100%. The account also includes a 20% withholding tax.
  • Preferred Dollar Savings account. This is a dollar-denominated passbook account with interest that permits deposits and withdrawals at any time. The PDIC insures deposits up to ₱500,000 per depositor. The initial investment is not required. However, the minimum maintenance balance is $500. In addition, the interest-generating balance is $500, and the annual interest rate is 0.05%.
  • Preferred Foreign Currency savings. This third currency passbook account permits deposits and withdrawals at any time. The PDIC insures deposits up to ₱500,000 per depositor. Please remember that this savings account is only accessible in certain branches. There is no minimum initial deposit. However, there is a minimum maintenance balance of £500 / JPY50,000 / ¥500.

How to apply for an AUB savings account?

AUB savings accounts can only be opened in person. You must ensure that you fulfill all eligibility requirements and have the required papers. Please bring it to your nearest AUB Bank branch, where you will talk with a customer service rep and explain that you are there to open a savings bank account.

Requirements for an AUB savings account

You must fulfill all eligibility standards and have the essential papers to be eligible for an account. They are as follows:

  • Must have a signature card.
  • Must be with the account opening form, which can be obtained in the bank.
  • Must have any two of the below Identification cards:

    • Philippine passport

    • Digitized Philhealth ID

    • Professional regulation commission ID

    • Seafarer’s identification and record book

    • Digitized Pag-IBIG loyalty card

    • Maritime industry authority ID

    • Digitized postal ID

    • OFW ID, which the Philippine overseas employment agency issues

    • Firearms license

    • Digitized or UMID SSS ID

    • Digitized voter’s ID

    • Driver’s license

    • Digitized GSIS ID

    • National bureau of investigation clearance

    • Certificate of marriage issued by the national statistics office

    • Bank credit cards

    • Barangay clearance or ID

    • Police clearance

    • Digitized company ID with photo and signature

    • Certificate of live birth issued by the national statistics office

    • Valid student’s ID

    • Digitized TIN ID

Pros and cons of AUB savings accounts

Take note of these honest pros and cons of AUB savings accounts

Pros

  • There are many savings accounts to choose from.
  • The bank has a low minimum balance requirement.
  • The bank also has numerous other currency savings accounts.
  • They do not require too much to open an account.

Cons

  • The interest rate is very low compared to competitors.
  • Account can only be opened in-branch.

FAQ

Is the money in my AUB savings account insured?

Yes. The PDIC insures deposits up to ₱500,000 per depositor.

Can I get an ATM debit card from my AUB savings account?

Yes. Anywhere around the globe, you can apply for and use an ATM card connected to your AUB savings accounts.

Where can I get a copy of my AUB savings account statement?

You can request a copy of your account statement by visiting any AUB branch near you or via phone or e-mail. Sign up for an account and download the mobile app to access your transactions whenever and wherever you choose.

What are my choices for monitoring the amount of my AUB savings account?

To manage your accounts while abroad, download the AUB app. You may also check your balance at a nearby ATM.

Is there a fee to fax a bank statement for an AUB savings account?

Customers in Metro Manila and the provinces can get their bank statements through fax for free. However, the bank maintains that a set service pricing will be determined soon.