The Cooperative encourages its members to practice the value of thrift. JFC Coop offers a variety of savings facilities that Members can avail.
Types of Savings:
- Regular Premium Savings Fund (PSF)
- Premium Savings Fund Plus (Time Deposit)
- Christmas Paluwagan Fund (CPF)
- Summer Paluwagan Fund (SPF)
Regular Premium Savings Fund (PSF) – regular savings deposit by members that earns an interest higher than the interest offered by the banks. Minimum maintaining balance is only P2,000 and this type of savings can be withdrawn during office hours.
Premium Savings Fund Plus (PSF Plus) – earns higher interest than the Regular Premium Savings Fund. Interest rates vary depending on the amount of deposit. Deposits are locked for 90, 180, 270 or 360 days and minimum amount to be deposited is P100,000.00.
Christmas Paluwagan Fund (CPF) – this type of savings deposit aims to give the members a savings facility that will be used for Christmas expenditures. Usually earns around 3% per annum and is released every 2nd week of December.
Summer Paluwagan Fund (SPF) – this type of savings facility aims to give the members the opportunity to save for their travel related expenses. This earns 2% interest per annum and is released every 10th of April.
|PSF REGULAR (Savings Deposit)|
|AMOUNT||INTEREST RATE PER ANNUM|
|2,000.00 – 49,999.99||0.50%|
|50,000.00 – 499,999.99||0.50%|
|500,000 and up||0.50%|
|PSF PLUS (Time Deposit)|
|AMOUNT||INTEREST RATE PER ANNUM
(90, 180, 270, 360 days)
|100,000.00 – 499,999.99||1%|
|500,000.00 – 999,999.99||1.125%|
|1,000,000.00 and up||1.25%|
* interest rates may change without prior notice