Basic Passbook Saving Account S1
Our standard all-purpose savings account.
The Basic Passbook savings account enables you to earn a competitive rate of interest and provides a passbook for easy record keeping.
- Funds available on demand
- No withdrawal fees
- Withholding tax charged on interest is 10%
1.00% pa1
interest rate
| Ngaue Saving Account S1 | |
|---|---|
| Features | |
| Minimum balance | na |
| Service fee | $1 per monthly |
| Maintenance fees | $2 per quarter |
| Over the counter withdraw fee | Free |
| Number of free withdrawals | na |
| Dormancy fee | $3.00 per month |
| Minimum deposit | $2 |
| Automatic deductions | na |
| Minimum deposit to open accounts | $10 |
| Deposit without passbook | $5 per transaction |
| Interest Income | Calculated monthly, paid annually, only on balances more than $100. |
Automatic deduction from savings accounts
- Customer can authorise automatic deductions from saving accounts for TDB loan account.
- PPAs or deduction to accounts at BSP, ANZ or MBF Bank.
- No fee charged when insufficient funds in account to make the payments.
- Must always ensure that there is sufficient fund in the Savings Pass Book and Accounts.
- There will be a Dormancy of $3.00 per mth for accounts not active more than 12 mths.
- Qtrly maintenance fees is now reduced to $2 per qtr
1. No interest on balances below $100.00
