One good place where to conserve money is by owning a savings bank account. It is easy to own an account as long as you obtain the complete demands for application and of course you have money for first deposit.

Overview of Security Bank

Security Bank Corporation or commonly recognized as Security Bank is one of the top commercial banks in the Philippines. It is a public corporation included in Philippine Stock Exchange (PSE) with an exchange symbol of SECB.

The bank was established in 1951 at Manila, Philippines after the World War II. In 1960, SBC started to expand outside Metro Manila and started operations in Pampanga.

A number of products and services of Security Bank for its customers are savings account, checking account, e-Banking, time deposits, prepaid and debit cards, credit cards, gift cards, collection services, and disbursement facilities.

Features of Security Bank Savings Account

In general, a savings account has various benefits for its account holders. Interest rate is the most substantial concern when selecting a savings bank account. Few of the typess of savings bank account at SBC can be found underneath.

1. Peso Savings Account with Cash Link ATM Card

The interest rate for this type of account is 0.50% per year with a maintaining balance of P500. You may set personal deposits and withdrawals through the CashLink ATM Card.

2. Peso Savings Passbook Account

Profit percentage for this account is 0.5% per annum with a maintaining money remaining in account of P10,000. You may make deposits and withdrawals over the desk utilizing your passbook while banking hours.

3. Build-up Savings

This kind of account gives greater profit percentage, allows you to invest every-time and you can withdraw up to three times in a quarter. Interest rate is 1.75% per year and sustaining balance of P5,000.

4. Dollar Savings

If you are looking for a dollar savings account, this account will fit to you. You can bank and withdraw money in US Dollar over the desk utilizing your passbook. The interest percentage is 0.25% per annum with maintaining balance of $500.

5. Investment Savings

A savings bank account with a fixed term investment account. You may withdraw the front money on maturity date by redeeming the certificate. The profit percentage for this bank account depends on the exchange rate. The maintaining balance is P50,000 for provinces and P100,000 in Metro Manila.

6. eSecure Savings Account

This account is an online savings account that can only be opened and accessed via Security Bank Online. Interest rates are greater than a normal savings bank account that depends on the marker rate beginning at P5,000 with a sustaining money remaining in account of P500.

Procedures in Beginning a Savings Account at Security Bank

Fundamentally, applying for a savings account is not difficult, it is a simple method. Before going to the bank, you should have the complete demands such legitimate IDs, proof of location, and two 1×1 picture.

Upon arriving at the bank, you may immediately go to the new account counter where all new applicants may be received. Fill out all request forms including the signing of name cards that will be given to you. Make sure to supply all required information. After completing the forms, present it to the bank officer all together with the initial deposit of your bank account for verifying and validation.

Security Bank is one of the biggest banks in the Philippines with a wide networks of branches and ATMs. It is a good bank you may choose to open a new savings bank account. Applying a bank account is not hard as long as you obtain the needed credentials and enough cash while beginning an account.

Gily Tenorio is a personal investment blogger who likes blogging on financial management, saving, investing, stocks, mutual funds and make money online. To get more details on how to apply a savings account at Security Bank, you can go to Financial Management blog for more knowledge on saving, investing and make money online.