Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
Type: 016 Yellow Passbook
Earns interest at 5% per annum, TAX FREE!
Interest is computed based on average daily balance (ADB) and posted at the end of every quarter
Initial deposit of Php 100 upon opening of account, and account maintaining balance of Php 1,000
Minimum SD deduction required is Php1,000
No co-depositors allowed
No over-the-counter (OTC) deposits are allowed
OTC withdrawals are allowed, subject to the maintenance of at least Php 1,000 balance
Absence of SD remittance for three (3) consecutive months will result to automatic closure of account