Savings

SHARE CAPITAL
Interest Rate Dividend
Monthly Build-up P100.00
Characteristics
  • For regular members
  • P200.00 minimum deposit
  • P1,000.00 for members in good standing (MIGS)
  • P2,000.00 minimum to avail the sunshine benefits
  • Yearly dividend

SAVINGS DEPOSIT
Interest Rate 1.25% Per Annum
Monthly Build-up P100.00
Characteristics

For regular members:

  • P500 for members in good standing (MIGS)
  • P100.00 monthly contribution
  • Withdrawable
  • Maintaining balance of P1, 000.00 to earn an interest rate of 1.25% per annum

For Associate members:

  • P100.00 initial deposits
  • P100.00 monthly contribution
  • P50.00 maintaining balance
  • 18 years old and above
  • Organization and Association
  • Maintaining balance of P1, 000.00 to earn an interest rate of 1.25% per annum
  • Withdrawable

TIME DEPOSIT

Time Deposit Matrix

AMOUNT 30 DAYS 90 DAYS 180 DAYS 360 DAYS
5T – 25T 2.6% 2.8% 3.0% 3.2%
Above 25T – 100T 2.8% 3.0% 3.2% 3.5%
Above 100T – 250T 3.0% 3.2% 3.5% 3.7%
Above 250T – 500T 3.2% 3.5% 3.7% 4.0%
Above 500T 3.5% 3.7% 4.0% 4.5%

AFLATOUN
Interest Rate 2% per annum
Characteristics
  • Initial Deposit P20.00
  • The students will receive their individual saving passbook where the record of their saving will be recorded.
  • For grade four(4) and six(6), the executive committee in each class will be elected composed of the officer-in-charge, Secretary and Treasurer.
  • Savings withdrawals can be done after six (6) months from the opening of the account

KIDDIE SAVERS
Interest Rate 2% per annum
Characteristics
  • A kiddie saver must be 0-13 years old
  • Must have an initial deposit of P20.00 and maintaining balance of P10.
  • Deposits and withdrawals may be made in person or through an authorized representative duly authenticated
  • Kiddie Savers passbook is not transferable
  • Notice in writing should be given to the Cooperative at once if the passbook is lost or stolen; a charge of P20.00 will be made to defray the cost of the new one.

YOUTH SAVERS
Interest Rate 2% per annum
Characteristics
  • A youth saver must be 13-21 years old
  • Must have an initial deposit of P100 pesos and maintaining balance of P50
  • Deposits and withdrawals may be made in person or though an authorized representative duly authenticated
  • The youth savers passbook is not transferable
  • Notice in writing should be given to the cooperative at once if the passbook is lost or stolen; a charge of P20 will be made to defray the cost of new one.
  • Upon closing the account, the passbook must be surrendered.

SUNSHINE PLAN
Monthly Premium Age 18 to 39 yrs. old - Php 100.00
Age 40 to 49 yrs. old - Php 110.00
Age 50 to 64 yrs. Old - Php 135.00
Characteristics
  • Compulsory to all members.
  • To avail the benefits, members must be MIGS with a share capital of P2,000.00 and savings deposit of P500.00 at the time of availment.
  • Additional P15.00 per parent (optional) 25 years to pay
Benefits
  • Php 125,000.00 death assistance for primary members
  • Php 15,000.00 death assistance for dependents (maximum of 4 children below 21 years old and spouse)
  • Php 10,000.00 death assistance per parent