On
bpi or bdo
BPI or BDO



Which is Better BPI or BDO?







Most individuals need to open an ATM or Passbook savings account
deposit simply because of any of the following reasons:
1. They want to save for a rainy day
2. They want the SSS or GSIS to automatically deposit their pension
    to their savings deposit account.
3. They are managing a business and simply wants a savings account
    to manage their day to day money needs.
4. They are beneficiary of an ofw and needs a savings deposit account
     to receive money remittance from abroad.

In my town, we have two (2) large commercial bank. BPI and BDO.
When I opened a savings account deposit, I ask my self this question.

Which is better, BPI or BDO?

 I inquired through their respective website and confirmed personally
through their branch office in my town and here is what I found out.

BPI offers the following Deposit Products

  •    BPI Advance Savings Account

              Required Initial Deposit - P100,000
              Required Minimum Monthly Balance - P100,000
              Required Daily Balance To Earn Interest - P100,000
              Interest Rate Per Annum - 0.250%

  •    BPI Easy Saver

             Required Initial Deposit - P200
             Required Minimum Monthly Balance - None
             Required Daily Balance To Earn Interest - P1,000
             Interest Rate Per Annum - 0.250%      

  •    Express Teller Savings 

             Required Initial Deposit - P500
             Required Minimum Monthly Balance - P3,000
             Required Daily Balance To Earn Interest - P5,000
             Interest Rate Per Annum - 0.250%

  •    Save-Up Automatic Savings

             Required Initial Deposit - Not Available as of this writing
             Required Minimum Monthly Balance - P1,000
             Required Daily Balance To Earn Interest - P5,000
             Interest Rate Per Annum - 0.250%

  •    Jumpstart Savings

             Required Initial Deposit - P100
             Required Minimum Monthly Balance - P1,000
             Required Daily Balance To Earn Interest - P2,000
             Interest Rate Per Annum - 0.250%

  •    Maxi-Saver Savings

             Required Initial Deposit - P75,000
             Required Minimum Monthly Balance - P75,000
             Required Daily Balance To Earn Interest - P75,000
             Interest Rate Per Annum - 0.250% 75,000 - 499,999

  •    Get Started Savings Account with Life Insurance (ATM)

             Required Initial Deposit - P25,000
             Required Minimum Monthly Balance - P25,000
             Required Daily Balance To Earn Interest - P25,000
             Interest Rate Per Annum - 0.250%

  •    Passbook Savings

             Required Initial Deposit - P10,000
             Required Minimum Monthly Balance - P10,000
             Required Daily Balance To Earn Interest - P25,000
             Interest Rate Per Annum - 0.250%

  •    Foreign Currency Savings (US Dollar Account)

             Required Initial Deposit - P500
             Required Minimum Monthly Balance - P500
             Required Daily Balance To Earn Interest - P500
             Interest Rate Per Annum - 0.250%


BDO offers the following Deposit Products

  •    Passbook Savings

             Required Initial Deposit - P5,000
             Required Minimum Monthly Balance - P10,000
             Required Daily Balance To Earn Interest - P10,000
             Interest Rate Per Annum - 0.250%  

  •    ATM Savings

             Required Initial Deposit - P2,000
             Required Minimum Monthly Balance - P2,000
             Required Daily Balance To Earn Interest - P5,000
             Interest Rate Per Annum - 0.250%

  •    Optimum Savings

             Required Initial Deposit - P50,000
             Required Minimum Monthly Balance - P50,000
             Required Daily Balance To Earn Interest - P50,000
             Interest Rate Per Annum - 0.250%

  •    Junior Savers

             Required Initial Deposit - P100
             Required Minimum Monthly Balance - P100
             Required Daily Balance To Earn Interest - P2,000
             Interest Rate Per Annum - 0.250%

  •    Power Teens Club

             Required Initial Deposit - P2,000
             Required Minimum Monthly Balance - P2,000
             Required Daily Balance To Earn Interest - P2,000
             Interest Rate Per Annum - 0.250%

  •    Prime Savers

             Required Initial Deposit - P2,000
             Required Minimum Monthly Balance - P2,000
             Required Daily Balance To Earn Interest - P5,000
             Interest Rate Per Annum - 0.250%

  •    Direct Deposit

             Required Initial Deposit - P0
             Required Minimum Monthly Balance - P0
             Required Daily Balance To Earn Interest - P5,000
             Interest Rate Per Annum - 0.250%

Which Is Better, BPI or BDO?

I say, BDO (Banco De Oro). I opened a Direct Deposit account with Zero
(0) required initial deposit, with Zero (0) Required Minimum Monthly
Balance with the same interest rate as most of the savings account
deposit offered by BPI which is .0250% per annum.