Landbank has launched OptiSaver Plus, an upgraded version of its high-interest OptiSaver account, designed to help Filipinos grow their funds while enjoying free insurance coverage for greater financial security.
With tiered interest rates of up to four percent per year, the OptiSaver Plus account provides depositors with free insurance coverage, based on their Average Daily Balance (ADB).
Account holders receive life insurance coverage, which scales with account balance tiers, rewarding higher savings with greater financial protection, the bank said, adding that personal accident insurance offers additional coverage against accidents resulting in injury or loss, ensuring a safety net for depositors and their families.
“With OptiSaver Plus, we are empowering our clients to achieve financial growth while securing their future,” Landbank president and chief executive officer, Lynette Ortiz, said in a statement March 26.
“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,” she added.
A minimum ADB of P50,000 qualifies depositors either for free life insurance or free personal accident insurance, while those in the highest balance tier of P20 million and above receive both coverages.
OptiSaver Plus offers flexibility with no tenor, and allows account holders to unlimited deposits and withdrawals with seamless access through the bank’s digital banking channels or at all branches for passbook over-the-counter transactions.
Existing OptiSaver account holders, who wish to avail of the free insurance coverage, may visit their branch of account to complete the necessary forms. Account holders will also receive the forms via email from their branch of account, it added. ||
