Low initial deposit and maintaining balance are one of the things people check before opening a savings account in a bank. Some Pinoys are eager to open a savings account and start saving their money but due to high initial deposit and maintaining balance of some banks, they failed. Or choose to failed. 
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Just in case you want to open a savings account and looking for banks that offer low initial deposit and maintaining balance, I did a little bit of research for you.
Savings account with low initial deposit and maintaining balance
1. BPI Easy Saver
BPI Easy Saver is a “worry-free” savings account offered by BPI. Know why? It has no maintaining balance! Yes you heard it right. Plus you can open an account with just P200. See additional features below.
Features
- NO maintaining balance
- P200 initial deposit
- Comes with ATM/Debit card
- Can be enrolled to BPI online banking
Fees
- P50 for ATM/Debit card upon opening
- P5 widthrawal fee
- P100 for over the counter widthraw
Click here for tutorial on how to open a BPI Easy Saver savings account.
2. Eastwest Bank Basic Savings Account
EastWest Basic Savings account is the lightest savings account offering from EastWest. For an initial deposit of only P100, you can have your own EastWest Basic Savings Account. Grow it and earn interest upon reaching P500 on your deposits. See full features below (source: Eastwest bank).
I wrote an article how you can open a basic savings account in Eastwest bank here.
3. Equicom ATM Savings account
This is another savings account with low initial deposit and maintaining balance provided by Equicom bank. See features below.
Features
- Php100.00 initial deposit
- Php100.00 minimum required maintaining balance
- Php5,000 minimum balance to earn interest 0.50% interest rate p.a.
- Issuance of an Equicom Key Card that doubles as an ATM/debit card
- Maximum of Php25,000.00 withdrawal per transaction and Php 50,000 withdrawal per day
4. Landbank ATM Savings account
Another savings account with low initial deposit and maintaining balance is the ATM savings account from Landbank of the Philippines. See features below.
Features
- Initial deposit: P500
- Required ADB (Average Daily Balance): P500
- Balance to earn interest: P500
- Interest rate: .250% p.a
- ATM/Debit card
See how to open a landbank savings account here.
5. Maybank Value savings account
Maybank Philippines also offers savings account with low initial deposit and maintaining balance through their value savings account. See features below.
Features
- Initial Deposit: P500
- Maintaining balance: P500
- Balance to earn interest: P10,000
- Interest rate: .25% p.a
- ATM card
6. BPI Direct Express Teller Savings account
This is another low initial deposit and maintaining balance savings account provided by BPI Direct. You can link you other BPI account here via BPI online banking.
Features
- Initial deposit: P500
- Maintaining balance: P500
- Balance to earn interest: P500
- Interest rate: .500% p.a
7. China Bank Easi-Save ATM
A savings account provided by Chinabank that requires only P500 of initial and maintaining balance. See features below.
Features
- Initial deposit: P500
- Maintaining balance: P500
- Interest rate: .75% p.a.
- Documentation: Easi-Save ATM Card, Monthly Statement of Account
8. Security Bank Peso Savings Cash Link ATM Card
Last but not the least in our savings account with low initial deposit and maintaining balance is the Peso savings cash link ATM card from Security bank. If Security bank is your choise, see the feaures below.
Features
- Maintaining Balance: P500 pesos
- Deposit and withdraw through ATM
- Balance to earn interest: P2,000 pesos
- Interest Rate: 0.250% p.a.
- Online Banking through Security Bank online
*Update: As Anon shared on the comment, this savings account is not available now in Security bank.
You may also like.
- BDO Savings account
- BPI Savings account
- BPI Easy saver
- Eastwest bank savings account
- Landbank savings account
- PNB savings account
- Chinabank Savings account
- RCBC savings account
- Comparison of Savings account in the Philippines
- Comparison of Time deposit account in the Philippines
There you have it! The list of banks and their savings account above offer low initial deposit and maintaining balance. There may be other banks not listed above, if you know them please share on the comment section below.
I hope this post has been informative for you and I would like to thank you for visiting this blog. Start saving and budgeting your finances to achieve your financial goals! Cheers!
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Good day Sir! I would like to ask what are the Philippine banks that offers the best US dollar savings account and time deposit rate? Thank you very much!
hello sir francis, unfornately i don’t have that info for now. I’ll get back to you once I have. Thank you!
Thank you so much for this. I’ve been trying to look for cards with low costs. Which card can be used to verify AND withdraw funds in paypal?
BPI easy can do but there is a charge of P150(not sure it it still P150 today).
I use Unionbank’s EON to verify my PayPal account.
http://www.unionbankph.com/personal/debitcards/cards/84-personal/eon/eon-and-paypal
All u need is an international chip atm from any bank . I can suggest BDO works fine and PayPal withdrawals takes 2 days .. if u want u can do it as PayPal to Gcash ..texts me up I can help u with info
Hi! I’d just like to say that security bank no longer offers the cashlink account. As in wala na po. The lowest account you can open is the jr. One savings account which is for kids. Other than that, 5k na ang pangopen and maintaining balance ng pinakamurang account.
Thanks Anon! We’ll update the article. Godbless!
Hi, is the an cash link was 500 maintains balance? Because right now I have a problem. The bank increased their maintains balance. Then they charge me monthly.
Is that the one from security bank? If yes, please read the update. It’s no longer existing .. So if your having issues with your maintaining balance, it would be best for you to transfer to another bank .. I suggest bpi easy saver. Because they don’t have any maintaining balance
China Bank Savings also has an Easi-Save passbook account as well, if you want to exercise some self control on spending.
How about those banks for saving account with atm and passbook that are also low initial deposit and maintaining balance? ?
I need this also.
hello please help its that checking bank..help to withdraw from paypal account ?
Good day. May I know which of these 8 low maintaining balance account can be used as a receiving and sending of any money any in the world?
Hello I would like to ask? if there any bank that has no maintaining balance but have a VISA and MASTERCARD Lisences
How do i open a BPI Direct Express Teller Savings account? Thank you.
Read this article about BPI savings account, Justine. Thanks!
I have inquired to eastwest about saving accounts, unfortunately to open a savings account sa eastwest requires initial depo of 2k na dito sa eastwest Malabon acacia branch…
maybank hasn’t offered the value savings account for years already. you can check with them as well.
Yung bpi easy savers na yan, for students nalang pde mag.open niyan… Yung sa eastwest basic savings account wala na din… I.update mo to
sayang lang oras pagpunta namin sa banko napagod lang kami…