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Types Of Savings Deposit

 
SAVINGS
Type of Deposit Product Required Initial Deposit Required Daily Balance To Earn Interest Interest Rate
(Per Annum)
Regular Savings ₱ 1,000.00 ₱ 1,000.00 0.50%
Kids and Teens Savings Account ₱ 100.00 ₱ 500.00 0.50%
Basic Deposit ₱ 100.00 ₱ 500.00 0.50%

SD Plus

A savings account that earns higher interest with time-deposit features.
 
TIME/SD PLUS
Term Interest Rate
(BELOW 1.0 MILLION)		 Interest Rate
(1.0 MILLION & ABOVE)		 Note that 2-year and 3-year term are only given to existing clients(Old Funds)
90-DAY 2.75% 3.0%
180-DAY 3.00% 3.25%
1-YEAR 3.50% 4.00%
2-YEAR 3.75% 4.25%
3-YEAR 4.00% 4.50%

Other Features:

  • Withholding tax on interest at 20%
  • Documentary of 0.5% of the deposit amount
  • Insured up to P500, 000
DEMAND
Type of deposit product Required Initial Deposit Required Daily Balance To Earn Interest Interest Rate
(Per Annum)
Checking Account Php 5,000.00
If Personal Account		 Php 10,000.00 0.50%
Php 10,000.00
If Business Account		 Php 10,000.00 0.50%

News & Advisories

Requirements for Account Opening-Corporate

  • Sec Certificate of Registration
  • Notarized Secretary Certificate
  • Articles Of Incorporation & By-Laws
  • Notarized Board Resolution to open an account with 1vb, election of officers and authorized signatories
  • Two Valid IDs of Signatories
  • Three recent 2x2 picture of Signatories
  • Business Permit
  • General Information Sheet

Requirements for Account Opening-Individual

  • Colored photocopy of 2 Valid IDs
  • Three pieces 2x2 pictures
  • If you have business - Business Permit, DTI Permit

Newly Opened Branch!

  • Mabuhay Branch
    • - Address. Ground Floor, LGU Commercial Building, Poblacion, Mabuhay, Zamboanga Sibugay

Customer Information

    Call Us: (088) 881 5097 | 0917 820 8542

    Email Us: consumerprotection@1vb.com.ph

1st Valley Bank Is In Partnership With

Member :  Deposits are insured by PDIC up to ₱500,000 per depositor

Supervised by: