Armed Forces and Police Savings & Loan Association, Inc. (AFPSLAI)
FEATURES:
PROMO PERIOD: October 8, 2018 – June 30, 2019
Minimum deposit of Php 50,000
Maximum deposit of Php 10 Million
Term is 6 months or 1 year only
Principal amount and interest to be posted in the SD-02 upon maturity
Documentary Stamp Tax (DST) to be shouldered by AFPSLAI
APPLICABLE RATES:
AMOUNT RATE
Php 50k – Php 500k 5.5% p.a.
>Php 500k – Php 1.0M 6.0% p.a.
>Php 1.0M – Php 2.0M 6.5% p.a.
>Php 2.0M – Php 10M 7.0% p.a.
OTHER TERMS AND CONDITIONS:
Single account only. No co-depositors allowed.
Deposits must not come from other savings accounts of the member or his family group
Member can pre-terminate his SSA, subject to the following provisions:
  • Pre-termination rate:
    • At least half of the term 50% of the interest rate
      Less than half of the year 25% of the interest rate
  • DST shall be deducted in full from the pre-termination proceeds
  • Proceeds of pre-termination shall be posted to member's SD-02 account