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About MSCCP

Savings

Choose the deposit account that's right for you, whether you need to manage your day to day money needs, managing a business or just saving up for rainy day.

Our deposit products enable you to make the most out of your hard earned money, providing you utmost convenience in safekeeping, managing and growing your funds.

REGULAR SAVINGS ACCOUNT

A non - interest bearing account evidenced by a passbook with link to all accounts such as Time Deposit and Special Project Plan.

Funds may be deposited or withdrawn anytime by presenting the passbook. Withdrawals may be made at one's depository primary or satellite offices.

-- No Maintaining Balance
-- No Minimum Deposit
-- Tax Free
-- Liquid / withdrawable anytime

SAVINGS PROJECT PLAN EXCEPTIONAL(SPX)

A SPX account is a commitment savings account which works like a "paluwagan" and requires members to restrict their right to withdraw any funds in their own accounts until they reached a self-specified and documented goal.

Clients could opt to restrict withdrawals until a specified date (e.g., in a month when large expenditures for their business, school, Christmas purchases, or a particular celebration were expected).

Alternatively, they could set a goal amount and only have access to the funds once that goal was reached (e.g., if a known quantity of money was needed for a new roof). The clients has complete flexibility to choose which of these restrictions they would like on their account. However, once the decision was made it could not be changed, and the clients could not withdraw funds from the account until they met their chosen goal amount or date. Once the goal date is reached the member's SPX matures and a 6% interest (per annum) is added in their money.

-- 6% per annum interest rate added upon maturity
-- Flexible maturity terms minimum of 3 months commitment saving.
-- No maximum duration, depending on member’s plan.
-- Tax Free
-- Minimum of P100.00 per month deposit.

TIME DEPOSIT ACCOUNT

Open a MSCCP Time Deposit Account and get higher yield on your deposits. MSCCP gives you higher interest rates than any banks. Because we are a cooperative, the interest your money will earn is not subject to any government tax as mandated in the Cooperative Code of the Philippines.

-- Up to 8% per annum interest
-- Affordable minimum time deposit of P1,000.00
-- Tax Free
-- Enables members for fast cash loan of 80% of their Time Deposit.