NEC Multi-purpose Cooperative
Search
Close this search box.

Overview

Regular Savings Deposit

  • Initial Deposit ₱100.00 (Account opening).
  • ₱500.00 Deposit to earn interest.
  • 3% Interest per annum.
  • Interest posting every quarter.
  • Tax-Free

Youth Savers

  • Initial Deposit ₱100.00 (Account opening).
  • ₱500.00 Deposit to earn interest.
  • 3% Interest per annum.
  • Interest posting every quarter.
  • Tax-Free

Share Capital

  • Refers to a unit of capital in a primary cooperative the par value of which is fixed at a minimum of One Hundred pesos (₱100.00).
  • Interest on share capital is based on the income of the Cooperative.
  • Can be withdrawn upon termination of membership.
  • Minimum Subscription on Share Capital is ₱15,000.00
  • With Share Certificate
  • Recognize as a Member in Good Standing (MIGS).
  • Has the right to vote and be voted upon during the General Assembly Meeting.

Time Deposit

  • Interest on TD is computed on a Per Annum basis.
  • Pre-termination of TD will return to SD interest rate (3%).
  • Tax-Free

Frequently Asked Questions

What are the Interest rates of Savings?
  • 3% Interest per annum
  • Interest posting every quarter
  • Tax-Free
  • Initial Deposit ₱100, 00 (Open Account)
  • ₱500,00 Deposit to earn interest

Contact Us

Get in touch!

Your questions, feedback, and inquiries are important. Use the information below to reach out, and we'll respond promptly. We appreciate your interest and look forward to hearing from you.