Land Bank of the Philippines has launched OptiSaver Plus to help Filipinos grow their funds while enjoying free insurance coverage for greater financial security.
In a statement Wednesday, LandBank said OptiSaver Plus, an upgraded version of the OptiSaver, has a tiered interest rate of up to 4 percent per annum.
It also provides depositors with free insurance coverage based on their Average Daily Balance (ADB).
LandBank said personal accident insurance offers additional coverage against accidents resulting in injury or loss, ensuring a safety net for depositors and their families.
Maintaining a minimum ADB of PHP50,000 qualifies depositors for either free life insurance or free personal accident insurance, while those in the highest balance tier of PHP20 million and above receive both coverages.
The OptiSaver Plus also allows account holders to unlimited deposits and withdrawals with seamless access through LandBank’s digital banking channels for cardless LandBank Visa Debit Card transactions and at all branches for passbook over-the-counter transactions.
Interested clients can open an OptiSaver Plus account at any LandBank branch and receive a passbook for account monitoring.
LandBank said existing OptiSaver account holders will have their accounts automatically converted to OptiSaver Plus, and only need to visit any branch to complete the required forms to receive free insurance.
“With the LandBank OptiSaver Plus, we are empowering our clients to achieve financial growth while securing their future. By combining the benefits of higher savings potential and built-in financial protection, we are ensuring their hard-earned money works even harder for them as they build wealth with confidence,” said LandBank President and CEO Lynette Ortiz. (PNA)
