Share and Deposits

Shares

Common Shares
(Share Capital or Fixed Deposit)

  • Required minimum, P3,000.00
  • Non-withdrawable unless membership is terminated.
  • Earns dividend (historically not less than 10% the last 10 years)
Preferred Shares
  • For associate (non-voting) members
  • Earns the same dividend as common share
  • Required minimum, P100.00
  • Preferred as to income

Deposits

Regular Savings Deposit
  • Required minimum, P500.00
  • Withdrawable anytime unless encumbered against loan
  • Earns 1.5% interest rate.
Time Deposit
  • Required minimum, P1,000.00
  • Earns competitive interest rate.

TIME DEPOSIT INTEREST RATE

AMOUNT INTEREST/ANNUM
1,000 – 50,000 2.15%
50,001 – 100,000 2.35%
100,001 – 300,000 2.40%
300,001 – 500,000 2.50%
500,001 – ABOVE 3.15%

 

Retirement Savings

Retirement Savings (RS) has several options. The RS 205 series require a contribution of (5) years and gives the saver an option o keep his/her money with FICCO for another one to five years more. A saver may buy several or a combination of plans.

 RS 205 – A

TERM: 5 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 200.00 (12,000.00) 5th year 13479.46
Quarterly 597.28 (11,945.60) 6th year 14098.71
Semi-Annual 1,186.40 (11,864.00) 7th year 14746.40
Annual 2,340.70 (11,703.50) 8th year 15423.85
Lump-Sum 10,518.50 (10,518.50 9th year 16132.42
10th year 16873.54

RS 205 – B

TERM: 5 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 100.00 (6,000.00) 5th year 6739.73
Quarterly 298.30 (5,966.00) 6th year 7049.35
Semi-Annual 593.20 (5,932.00) 7th year 7373.20
Annual 1,170.40 (5,825.00) 8th year 7711.92
Lump-Sum 5,259.50 (5,259.50) 9th year 8066.21
10th year 8436.77

RS 205-C

TERM: 5 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 659.04 (39,542.40) 5th year 44417.54
Quarterly 1,968.10 (39,362.00) 6th year 46458.08
Semi-Annual 3,909.40 (39,094.00) 7th year 48592.35
Annual 7,713.00 (38,565.00) 8th year 50824.68
Lump-Sum 34,660.60 (34,660.60) 9th year 53159.56
10th year 55601.70

The RS 215 series require a contribution period of ten (10) years and gives the saver an option to keep his/her money for another two (2) to ten (10) years, after the 10th year. A saver may also buy several or a combination of plans.

RS 215-A

TERM: 10 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 100.00 (12,000.00) 10th year 15176.50
Quarterly 298.63 (11,945.20) 12th year 16602.94
Semi-Annual 593.20 (11,864.00) 14th year 18163.46
Annual 1,170.30 (11,703.00) 16th year 19870.64
Lump-Sum 9,256.50 (9,256.50) 18th year 21738.29
20th year 58394.61
40th year 83,122.01

RS 215-B

TERM: 10 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 156.02 (18,722.40) 10th year 23678.38
Quarterly 465.92 (18,636.80) 12th year 25903.91
Semi-Annual 925.50 (18,510.00) 14th year 28338.63
Annual 1,826.00 (18,260.00) 16th year 31002.18
Lump-Sum 14,442.00 (14,442.00) 18th year 33916.08
20th year 37103.85
40th year 91107.27

RS 215-C

TERM: 10 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 436.85 (52,422.00) 10th year 66298.56
Quarterly 1,304.58 (52,183.20) 12th year 72529.97
Semi-Annual 2,591.38 (51,827.60) 14th year 79347.08
Annual 5,112.65 (51,126.50) 16th year 86804.92
Lump-Sum 40,437.50 (40,437.50) 18th year 94963.72
20th year 103889.37
40th year 255096.87
Installment Savings

The Installment Savings (IS) program is categorized into IS 110 & IS 120 IS 110 requires a fixed contribution of P100 or P200 per month per plan. The saver may choose a term ranging from 12 months to 48 months and a saver may buy at his/her option, several plans

A. IS 110

P 100.00 monthly savings P 200.00 monthly savings
TERM TOTAL MATURITY TOTAL MATURITY
Contribution VALUE TERM Contribution VALUE
12 mos.   1,200.00          1,229.66 12 mos.    2,400.00     2,459.31
18 mos.   1,800.00          1,865.51 18 mos.    3,600.00     3,731.02
24 mos.   2,400.00          2,515.80 24 mos.    4,800.00     5,031.60
30 mos.   3,000.00          3,180.87 30 mos.    6,000.00     6,361.73
36 mos.   3,600.00          3,861.03 36 mos.    7,200.00     7,722.07
48 mos.   4,800.00          5,268.06 48 mos.    9,600.00   10,536.13

IS 120 gives the saver a choice of plans based on maturity values. The amount of periodic contribution also depends on the length of the term and the manner of payment (monthly, quarterly, semi-annual, annual or lump-sum) a saver can buy several or a combination of plans.

B. IS 120

TERM MATURITY MONTHLY TOTAL QUARTERLY TOTAL
VALUE DEPOSIT DEPOSIT DEPOSIT DEPOSIT
12 mos.   2,000.00             162.65 (1,951.80)       486.12 (1,944.48)
18 mos.   3,000.00             160.82   (2,894.76)       480.65    (2,883.90)
24 mos.   4,000.00             159.00   (3,816.00)       475.21    (3,801.68)
30 mos.   5,000.00             157.19   (4,715.70)       469.81    (4,698.10)
36 mos.   6,000.00             155.40   (5,594.40)       464.46    (5,573.52)
48 mos.   8,000.00             151.86   (7,289.28)       453.88    (7,262.08)

 

SEMI-ANNUAL TOTAL ANNUAL TOTAL
DEPOSIT DEPOSIT DEPOSIT DEPOSIT LUMP SUM
      966.82 (1,933.64)    1,912.16 (1,912.16)   1,912.16
      955.92   (2,867.76)    1,897.48       (2,846.22)   2,804.54
      945.11   (3,780.44)    1,869.22       (3,738.44)   3,656.34
      934.38   (4,671.90)    1,851.94       (4,629.85)   4,468.93
      923.73   (5,542.38)    1,826.94       (5,480.82)   5,243.62
      902.69   (7,221.52)    1,785.32       (7,141.28)   6,684.41

For Deposits : No 20% withholding Tax