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 8% the last 10 years)

Preferred Shares

  • For associate (non-voting) members
  • Earns the same dividend as common share
  • Required minimum, P 100.00
  • Preferred as to income

Deposits

Regular Savings Deposit

  • Required minimum, P 500.00
  • Withdrawable anytime unless encumbered against loan
  • Earns 1.5% interest rate.

Time Deposit

  • Required minimum, P 1,000.00
  • Earns competitive interest rate.

TIME DEPOSIT INTEREST RATE

AMOUNT INTEREST/ANNUM
1,000 – 50,000 2.10%
50,001 – 100,000 2.20%
100,001 – 300,000 2.30%
300,001 – 500,000 2.40%
500,001 - ABOVE 3.00%

 

1. Retirement Savings

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

 

    a.) 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 13,304.02
Quarterly 598.01 (11,960.20) 6th year 13,846.06
Semi-Annual 1,190.08 (11,900.80) 7th year 14,410.18
Annual 2,356.64 (11,783.20) 8th year 14,997.28
Lump-Sum 10,896.00 (10,896.00) 9th year 15,608.30
10th year 16,244.18

 

   b.) 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 6,652.01
Quarterly 299.00 (5,980.00) 6th year 6,923.03
Semi-Annual 595.04 (5,950.40) 7th year 7,205.09
Annual 1,178.32 (5,891.60) 8th year 7,498.64
Lump-Sum 5,448.02 (5,448.02) 9th year 7,804.15
10th year 8,122.09

 

   c.) RS 205-C

TERM: 5 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 676.50 (40,590.00) 5th year 45,000.75
Quarterly 2,022.77 (40,455.40) 6th year 46,834.15
Semi-Annual 4,025.44 (40,254.40) 7th year 48,742.24
Annual 7,971.29 (39,856.45) 8th year 50,728.06
Lump-Sum 36,855.77 (36,855.77) 9th year 52,794.80
10th year 54,945.74

 

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.

 

   d.) 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 14,774.05
Quarterly 299.01 (11,960.40) 12th year 16,002.41
Semi-Annual 595.04 (11,900.80) 14th year 17,332.90
Annual 1,178.32 (11,783.20) 16th year 18,774.01
Lump-Sum 9,909.94 (9,909.94) 18th year 20,334.92
20th year 22,025.62
40th year 48,953.79

 

   e.) RS 215-B

TERM: 10 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 169.22 (20,306.40) 10th year 25,000.59
Quarterly 505.98 (20,239.20) 12th year 27,079.21
Semi-Annual 1,006.92 (20,138.40) 14th year 29,330.65
Annual 1,993.94 (19,939.40) 16th year 31,769.29
Lump-Sum 16,769.51 (16,769.51) 18th year 34,410.67
20th year 37,271.68
40th year 82,839.43

 

   f.) RS 215-C

TERM: 10 YEARS DEPOSIT PERIOD

Contribution   Total Contribution At the end of Maturity Value
Monthly 473.81 (56,857.20) 10th year 70,000.94
Quarterly 1,416.71 (56,668.40) 12th year 75,821.02
Semi-Annual 2,819.35 (56,387.00) 14th year 82,124.99
Annual 5,582.97 (55,829.70) 16th year 88,953.10
Lump-Sum 46,954.30 (46,954.30) 18th year 96,348.94
20th year 104,359.70
40th year 231,948.09

 

2. Installment Savings

The Installment Savings (IS) program is categorized into IS 110 & IS 120. The IS 110 requires a fixed contribution of P 100 or P 200 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          1,226.32 12 mos.    2,400.00     2,452.64
18 mos.   1,800.00          1,858.09 18 mos.    3,600.00     3,716.18
24 mos.   2,400.00          2,502.60 24 mos.    4,800.00     5,005.20
30 mos.   3,000.00          3,160.12 30 mos.    6,000.00     6,320.24
36 mos.   3,600.00          3,830.90 36 mos.    7,200.00     7,661.80
48 mos.   4,800.00          5,213.29 48 mos.    9,600.00   10,426.58

 

 

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             163.09 (1,957.08)       487.64 (1,950.56)
18 mos.   3,000.00             161.46   (2,906.28)       482.76    (2,896.56)
24 mos.   4,000.00             159.84   (3,836.16)       477.92    (3,823.36)
30 mos.   5,000.00             158.23   (4,746.90)       473.09    (4,730.90)
36 mos.   6,000.00             156.63   (5,638.68)       468.31    (5,619.72)
48 mos.   8,000.00             153.46   (7,366.08)       458.84    (7,341.44)

 

TERM SEMI-ANNUAL TOTAL ANNUAL TOTAL
DEPOSIT DEPOSIT DEPOSIT DEPOSIT LUMP SUM
12 mos.       970.45 (1,940.90)    1,921.71 (1,921.71)   1,921.71
18 mos.       960.73   (2,882.19)    1,908.64       (2,862.96)   2,825.59
24 mos.       951.08   (3,804.32)    1,883.35       (3,766.70)   3,692.97
30 mos.       941.48   (4,707.40)    1,867.90       (4,669.75)   4,524.94
36 mos.       931.96   (5,591.76)    1,845.51       (5,536.53)   5,322.60
48 mos.       913.12   (7,304.96)    1,808.18       (7,232.72)   6,818.98


For Deposits : No 20% withholding Tax