Financial Services

It is an account with low interest rate and can be withdrawn using a passbook or ATM (Automated Teller Machine).

• Checking Account

• Savings Account

• Time Deposit

• Commercial Account

It is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange.

• Financial Institutions

• Banks

• Cooperatives

• Time Deposits

What type of time deposit that has a minimum placement of Php 5,000.00?

• Prime Time Deposit

• Premium Time Deposit

• Regular Time Deposit

This is a type of financial institution that is a non-profit, member-owned financial cooperative that provides a full range of financial products and services.

• Credit Unions

• Commercial Bank

• Savings and Loan Associations

• Savings Bank

It is also known as the full-service banks.

• Credit Union

• Commercial Bank

• Savings and Loan Associations

• Savings Bank

What type of time deposit that has a medium-term of 1 year to less than 5 years in account?

• Regular Time Deposit

• Prime Time Deposit

• Premium Time Deposit

It is the time when the invested money will mature on the time when the interest earned will be added to the principal.

• Time Deposit

• Maturity Date

• Regular Time Deposit

• Premium Time Deposit

It is also known as current deposit or demand deposit.

• Savings Account

• Time Deposit

• Checking Account

• Commercial Bank

Who is responsible in safeguarding the interest of the depositing public and thereby contribute to the promotion of financial stability in the economy?

• BIR (Bureau of Internal Revenue)

• BOT (Bureau of Treasury)

• DFA (Department of Foreign Affairs)

• PDIC (Philippine Deposit Insurance Corporation)

This account can be converted to cash quickly and thus provide a ready source of funds.

• Savings Account

• Checking Account

• Individual Account

• Corporate Account