Flexi Hi-Rate is a Peso Savings or Checking Account that gives high interest rates, unlimited withdrawals and FREE withdrawals at all domestic ATMs.
High Interest Rates
Flexi Hi-Rate offers high interest rates with full flexibility. Interest rates are tiered such that as your balance increases the applicable interest rates also increases. The more you save the more you earn!
Unlimited number of Withdrawals
With Flexi Hi-Rate you will have no restrictions on the number of withdrawals both at ATMs and over the counter!
Free ATM Withdrawals from any ATM in the country
No more waiting in long lines when you want to withdraw! You have the freedom to choose which ATM machine to withdraw from. Without that 10 peso charge!
Minimum Deposit - Accounts shall have a minimum balance of PHP 75,000.00.
Charges - The regular charges of the Bank shall apply.
In addition, over-the-counter withdrawals from a PHP savings Flexi Hi-Rate account shall be subject to a PHP 100 fee if the amount withdrawn is below PHP 100,000. However, if the amount withdrawn over-the-counter is at least PHP 100,000 then the client shall not be subject to any charge.
Interest - The Account shall earn interest at rates determined by the Bank and set forth in an interest rate schedule made available to Flexi Hi-Rate accountholders from time to time.
The interest rate schedule shall be tiered, indicating the interest rate which shall apply to each corresponding tier of deposit amounts. Each portion of the deposit funds shall earn interest at the interest rate that corresponds to such tier.
Example:
Applying the interest rate schedule below, a Flexi Hi-Rate Savings account with a balance of PHP1,500,000 will earn the following interest: the portion falling below the first PHP150,000 will earn interest at 0.625%; the portion starting at PHP150,000 to just below PHP500,000 will earn interest at 2.400%; the portion starting at PHP500,000 to just below PHP1,000,000 will earn interest at 2.800%; and the final portion from PHP 1,00,000 up will earn interest at 3.000%.
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Interest shall be computed daily based on the accounts´ end-of-day balance, and shall be credited to the account at the end of the last business day of each month.
Closure
The Account may be closed at any time by the accountholder or the Bank. Closure of the Account by the accountholder within 90 days of its opening shall be subject to a charge of Php300.
Consolidated Terms and Conditions
These Terms & Conditions shall be read and interpreted alongside Standard Chartered Bank´s Consolidated Terms and Conditions governing bank/deposit accounts.