LANDBANK is raising the bar for savings accounts with the launch of 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 4% per annum, the LANDBANK OptiSaver Plus account provides depositors with free insurance coverage based on their Average Daily Balance (ADB).
Optisaver Plus account holders receive life insurance coverage which scales with account balance tiers, rewarding higher savings with greater financial protection. Meanwhile, 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 ₱50,000 qualifies depositors for either free life insurance or free personal accident insurance, while those in the highest balance tier of ₱20 million and above receive both coverages.
“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 V. Ortiz.
As a savings account, the LANDBANK OptiSaver Plus offers flexibility with no tenor, and 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 LANDBANK 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.
Meanwhile, existing OptiSaver account holders will have their accounts automatically converted to OptiSaver Plus, and only need to visit any LANDBANK branch to complete the required forms to receive free insurance.