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Allen Co

The document outlines a placement agreement for a time deposit (SD Plus) account with 1st Valley Bank, Inc., detailing the deposit amount of PHP 510,000.00, interest rate of 5.2%, and terms for early withdrawal. It also includes an authorization letter for renewing the account upon maturity, specifying options for handling principal and interest. The account is insured by PDIC up to PHP 500,000.00 per depositor.

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leomie.estimado123
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32 views2 pages

Allen Co

The document outlines a placement agreement for a time deposit (SD Plus) account with 1st Valley Bank, Inc., detailing the deposit amount of PHP 510,000.00, interest rate of 5.2%, and terms for early withdrawal. It also includes an authorization letter for renewing the account upon maturity, specifying options for handling principal and interest. The account is insured by PDIC up to PHP 500,000.00 per depositor.

Uploaded by

leomie.estimado123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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qY€I#*#/ COFPOFATE OFFICE

1VB Busin€ss C€nror, Vamsda Aolbvard, cor Ltio Srresl,


Carmen, Cagayan d6 O'o City, Misamis Orienlat 90OO
(084) 0581153 (runklin€ conn.cting a[ dopartments)

SD Plus Placement Agreement


The undersigned wishes to place a time deposit (SD plus) account with 1't Valley Bank, Inc. t/We agree to
the following terms & conditions:

Amount in figure : PHP510,000.00


Amount in words : FIVE HUNDRED TEN THOUSAND PESOS ONLY

Account No. i M'Xl - lfll(-s


Terms and Conditions

Plaaement Term
ruM,a
36&days
Interest Rate 5.2%gross
Withholding Tax 20%
Oate ot Placement August 2, 2023
Maturity Date filt9ult e,JWl
Interert Payment Options: ll-Credited to the Savings account lRollover Upon Maturity

PDIC lnsurance insured up to Php 500,000.00 per depositor

Pre- Termination:
In the event of early withdrawal or pre-termination, the ordinary savings p.evailing rate will apply
and a documentary starnp of .75o/o multiplied by the unused number of days of the placement will
be deducted,In case the deposit is already one year or more, payment ofthe documentary stamps
is waived,

an;r"de
ALLEN FA|RICKO
A^FH<c,
ALIENA PATRICIA A. CO
Account Holders {Signature Above Printed Name)
Date. No1lt r.a

For and On behalf of 1't Vallev Bank. lnc.

Branch Manager;Jg D. DAU


Date: ,-/baloX
cncehs, pleas€ conlsct
For any issles, cornpla'nrs or
1VB CONSUMEF PNOIECTION GROUP
comumorplolaclio con ph
bf 111?31;iff; l
@ l vtr
vbprctets@gdtail.com
httss://1 sN€lleybaok.@m.ph
hllpsl/M.lac€book.cotr/1 slvalleyBank
DATE:

THE MANAGER
lst Valley Banlt Inc.. A Development Bank

subject: AUTHoRIZATIO'{ TO RENEW SD pLUs

Dear 5ir/Ma'am:

Thls,is.to authorlze 1st Valley Bank to renew my SD pLUS Acount upon its maturity ln
the following manner:

. Renew my accorrrt for a peri.ld €f:lqdals with the prg/ailing interest rate
. Please renew the arnount of the
tr PrinciDal Plus the Interest
o Principal Only with the iriterest to be:
. o Deposited in my Savings Account No.
. o DeposiEd in rry lst Che*irE Account No.

Listed below are the details of my SD PLUS Acount:


Account ifame: hW lolrir* U I Alkria Wda 0c
Account Number: 0n-5t- la?2 r'9
Amount: 510,000.00

Interest Rah: ( ,2'1 , 4r8s


Date opened: l"4wl a, nlz
Maturity Date: frw1tA a, ao*]

Thank )ou.

Sincerely yours,
n
AMFffi:,UC
ALLEN PAIB:ct< u
Signature Above Prlnted name

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