POWER SAVER ACCOUNT

What is a Power Saver Account?

The Power Saver Account (formerly named Angat Savings Account) is a tiered, high-interest earning savings account that comes with a record keeper and an EMV debit card.

Account withdrawals are limited to two instances (2) per month. Withdrawals of more than two (2) per month in the account will be subjected to an over-withdrawal fee (DST is computed on the total ADB) and interest rate is reverted to regular savings rate.

  • Exempted withdrawal transactions are ATM-related charges and over-the-counter transaction charges on balance inquiry, fund transfer, remittance charges, etc.

A supplemental Terms and Conditions for Power Saver Account and product brochure are provided for the accountholder for further reference.

Who is eligible to open a Power Saver Account?

The Power Saver Account is open to individuals and sole proprietors who want to build up their deposit and get to earn higher rates at different deposit levels. Initial deposit at 10,000 pesos to open a Power Saver Account.

What is the interest rate/s for a Power Saver Account?

• Tiered Rates for Power Saver

ADB (in PHP) RATE
10,000 – 24,999 0.50%
25,000 – 499,999 0.75%
500,000 – 999,999 1.00%
1,000,000 – 3,999,999 1.25%
4,000,000 – 7,999,999 1.50%
8,000,000 and up 1.75%

 

Interest rates are subject to change without prior notice.

What do I get when my previous month’s ADB balance is 25,000 pesos in my Power Saver Account? Please explain the FREE value-added benefits.

  • The FREE Value-added benefits are extended to existing Angat Savings and new Power Saver individual accountholders only, at a previous month’s average daily balance of 25,000 pesos.
    • The FREE Value-added benefits are not promo-driven or with a limited life. The life of the value-added benefits is linked with the life of the Power Saver Account.  Termination of the Power Saver account means termination of the FREE value-added benefits.
    • FREE six (6) telemedical services for one year, for over-the-phone non-emergency consultations, diagnosis, and treatment. This service is provided by Medgate, the bank’s accredited partner.  The scope of the telemedical services are:
      • Six (6) telemedicine consultations per year.
      • Access to Philippines based doctors licensed to practice in the Philippines.
      • Ability to upload/send images through the Medgate mobile app to facilitate diagnoses and treatment.
        • The Medgate mobile app can be downloaded FREE from Google Play Store in Android version and the Apply App Store in IOS version for smartphone users.
  • Ability to complete a video call subject to data network or wifi ability (cost to be shouldered by the client.)
  • Evidence based clinical guidelines which identify conditions suitable for telemedicine.
  • Referral to nearest appropriate hospital in case of emergency.
  • Delivery of medicines when possible.
    • FREE life insurance up to 1x the previous month’s average daily balance and FREE accidental death insurance coverage up to 4x the previous month’s average daily balance.  Both life insurance and accidental death insurance coverage are provided by Allianz PNB Life, the bank’s accredited partner.
  • Maximum coverage for life insurance is 1.0MM pesos (1x the previous month’s average daily balance or 1.0 million monthly adb).
  • Maximum accidental death insurance coverage is 4.0MM pesos (4x the previous month’s average daily balance or 1.0 million monthly adb).
  • The previous month’s average daily balance shall be used as reference for the maximum coverage for life and accidental death benefits.
  • The accountholder shall be given (late issuance) an Insurance Certificate as evidence on the life insurance and accidental death coverage.
    • The FREE six (6) telemedical services are automatically renewed for one year at a previous month’s average daily balance of 25,000 pesos in the Power Saver Account.

 

I am an existing Angat Savings accountholder, what will happen to my account? Will I get the same FREE value-added benefits?

Existing Angat Savings accountholders need not close their accounts. Their existing accounts are automatically converted to the new Power Saver account with the FREE value-added benefits.

FREE LIFE INSURANCE AND ACCIDENTAL DEATH INSURANCE COVERAGE WITH POWER SAVER ACCOUNT

FREE TELEMEDICAL SERVICE WITH POWER SAVER ACCOUNT