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 annually.
• Evidenced by a passbook
• Dividend earnings 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 (15 YEARS)	MONTHLY DEPOSIT	AGE 05 TO 65 DEATH BENEFIT	AGE 66 TO 70 DEATH BENEFIT
PLAN A ₱1.5 MILLION	₱4,686.00	₱500,000.00	₱300,000.00
PLAN B ₱1 MILLION	₱3,185.00	₱500,000.00	₱300,000.00
PLAN C ₱0.7 MILLION	₱2,284.00	₱500,000.00	₱300,000.00
PLAN D ₱0.5 MILLION	₱1,684.00	₱500,000.00	₱300,000.00

*Member deposit with recomputed interest.

SPECIAL SAVINGS DEPOSIT

• Interest rate varies depending on the term and amount of deposit
• Evidenced by a certificate of Special Savings Deposit
• Rates per annum:
  
  

  AMOUNT	180 Days	365 Days
  1,000 to 100,000	1.25%	2.00%
  Over 100,000 to 500,000	1.50%	2.50%
  Over 500,000 to 1,000,000	3.00%	4.00%
  Over 1,000,000 to 2,000,000	3.50%	4.50%
  Over 2,000,000 to 5,000,000	4.00%	5.00%

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
• No maximum balance
• Withdrawable anytime