Product Features
Minimum Initial Deposit
₱ 10,000
Maintaining ADB
₱ 10,000
Interest Earning Balance
₱ 10,000
₱ 25,000 (for accounts with an EastWest Visa Debit Card)
Interest Rate
0.125% p.a
Banking Fees and Charges
Withholding Tax
20%
Dormancy Charge
₱ 30.00 per month
(Applied to dormant accounts 5 years and above and balance falls bellow the minimum monthly ADB)
Other Features
Fund Access
- EastWest Online and Mobile Banking
- Local ATMs and Visa Plus ATMs Worldwide
- Visa-accredited merchants worldwide
- Visa-accepting online merchants globally
- Over-The-Counter
Transaction Record
- Passbook
- Online Bank Statement
At least one (1) un-expired Identification Document (ID) with photo and signature
List of Accepted IDs
- Philippine Identification – PhilID
- Passport
- Driver’s License
- Professional Regulations Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Postal ID (Digitized)
- Tax Identification Number (TIN) (Digitized)
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Government Office and GOCC ID e.g. Armed Forces of the Philippines (AF ID), Home Development Mutual Fund (HDMF ID)
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- ID issued by the National Council on Disability Affairs (NCDA)
- Unified Multi-Purpose ID Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines
- Company IDs issued by private entities for institutions registered with or supervised or regulated either by the BSP, SEC or IC
- Other identification document that can be verified using reliable, independent source documents, data, or information
- Proof of billing (under your name & home address)
- Presentation of additional documents for:
Minors
- Original and clear copy of NSO Birth Certificate
- For Guardian or Administrator: original and clear copy of the Court Order appointing them
Tax-Exempt Individuals
- Notarized Tax Exemption Affidavit executed by the applicant/depositor
- Certification of Tax Exemption issued by Revenue District Office (RDO)
Non-Resident individual and OFW
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens
Frequently Asked Questions
A traditional account where transactions are recorded in a physical passbook instead of electronically.
Visit your bank with the passbook to deposit or withdraw money, update transactions, or inquire about balances.
Offers a tangible record of transactions, ideal for those who prefer physical documentation of financial activities.
Yes, typically banks require a minimum balance to open and maintain the account; specifics vary.
Not typically; Passbook Savings accounts are usually managed in-person at the bank, not through online platforms.
Similar products you might like
Regular Savings
EastWest offers a hassle-free savings account, paired with a Visa Debit Card usable at millions of merchants worldwide.
Kiddie Savings
Start saving for your child’s future with an interest-earning deposit account. Also comes with a passbook for easy monitoring.
Save and Pawtect
Build your savings and get up to P50,000 FREE insurance coverage for you and your pet.