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Deposits

CAPITAL CONTRIBUTION

  • Minimum Deposit
    • Non-borrowing members: Minimum of P1,000.00, which shall not earn any dividend
    • Borrowing members: Minimum of P3,500.00
  • Dividend Distribution
    • Earned dividends are distributed semi-annually every February and August.
  • Evidenced by a passbook
  • Dividend earnings every semester are computed based on the capital contribution lowest monthly balance and depends on the income earned by the Association

BAWAT MIYEMBRO MILYONARYO

  • Open to all AMWSLAI members and their dependents, except those with dormant accounts
  • Contribution and Benefits:

  • PLAN/MATURITY
    VALUE
    MONTHLY DEPOSIT AGE 05 TO 65
    DEATH BENEFIT
    AGE 66 TO 70
    DEATH BENEFIT
    PLAN A - P 1.5 MILLION P4,686.00 P500,000.00 P300,000.00
    PLAN B - P 1 MILLION P3,185.00 P500,000.00 P300,000.00
    PLAN C - P 0.7 MILLION P2,284.00 P500,000.00 P300,000.00
    PLAN D - P 0.5 MILLION P3,137.00 P500,000.00 P300,000.00
    Maturity Period 15 years Plus pre-termination amount

SPECIAL SAVINGS DEPOSIT

  • Evidenced by a certificate of Special Savings Deposit
  • Minimum deposit of P1,000.00
  • Minimum term of 180 days
  • Interest rate varies depending on the term and amount of deposit

SAVINGS DEPOSIT

  • Evidenced by a passbook
  • Minimum deposit and maintaining balance of P100.00
  • Earns interest of 1% per annum based on lowest monthly balance of the account
  • Interest earned is credited quarterly
  • Withdrawable anytime

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