The BusinessSaver is a current account (“Account”) available to persons who meet the qualifications of Standard Chartered Bank (“Bank”).
Minimum Deposit - Accounts shall have a minimum balance of Php100,000.00. Accounts which do not meet the minimum balance shall be subject to a fee of Php1,000 [per month].
Charges - The regular charges and expenses of the Bank shall apply. In addition, dormant Accounts shall be subject to dormancy charge of Php500 [per month].
Interest - The Account shall earn interest in accordance with the schedule determined by the Bank from time to time.
The schedule shall provide a tier of amounts with corresponding interest rates. Portions of the funds in the Account shall earn interest at rate that corresponds to that tier.
Example:
Applying the schedule below, an Account with a balance of Php6.0 million will earn interest thus: first Php2.0M earns interest at A%; the next Php3.0M earns interest at B%; the last Php1.0M shall earn interest at C%.
| Tier | Rates |
| Php1 – 2,000,000 | A% |
| Php2,000,001 – 5,000,000 | B% |
| Php5,000,001 and above | C% |
Interest shall be computed daily based on the end-of-day balance of the Account and shall be credited to the Account at 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 Php750.
Consolidated Terms and Conditions
These Terms & Conditions shall be construed with Standard Chartered Bank’s Consolidated Terms and Conditions.