Sterling Bank Neo Savings Account
Sterling Bank Neo Savings Account
Neo Savings Account Logo
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EXPERIENCE THE FUN OF SAVING! A fun, colorful future awaits! Paint their future bright with Neo Savings Account. Neo is a special savings deposit account for kids aged 19 and below. Through Neo, kids can already save and earn at the same time at an early age, and grow their money for their own future.

loan amount
Opening Balance Requirement

Any Amount

minimum adb requirement
Minimum ADB Requirement

None

interest earning balance
Interest Earning Balance

Php2,000.00

interest crediting
Interest Crediting

Monthly

interest rate
Interest Rate

0.375% P.A.

account access
Account Access

Over-the-counter transactions, ATMs, Sterling Bank Online, BancNetonline

open with amount you have
Open with any amount you have
Neo’s startup kit makes it easier for kids to save for their future. Our low opening balance requirement is sure to keep them started with any amount they have.
Saving while earning interest
Neo’s startup kit makes it easier for kids to save for their future. Our low opening balance requirement helps them get started with any amount they have.
open with amount you have
Sterling bank Neo passbook debit card
Neo’s passbook and Visa debit card

Neo also comes with a specially designed passbook and a Visa debit card for them to easily monitor transaction histories and current account balances. If they’re saving up for the future, this will come handy as it keeps them up-to-date on the progress of their savings.

  Regular Neo Savings Account Neo Savings Account - Online
Account Opening

Account application at the Branch

Account application through the SBA Website

Eligibility
  • For children and teens aged 0-19 years old.
  • For age 0-6 years old, parents or guardians to open an In-Trust-For (ITF) account;
  • For age 7-19 years old, account may be named under the child, or parents/guardian under an ITF account or a Joint-Or account.
Application Requirements Eligible customer needs to perform the following:
 

1. Fill out the account opening forms at the Branch.
2. Presentation of 1 original valid photo-bearing government-issued ID

1. Fill out the online account opening form on the website.
2. Upload/submit a selfie with the ID, front/ back view of the ID, and a photo of the signature.
3. Attend the scheduled video interview with the bank representative.*

*Consent of the parents or guardian is required for minors.

Initial Deposit Requirement upon Account Opening Any amount None
Automatic Account Closure None The account will be automatically closed if no deposit/credit is done within two (2) months after account opening.
Required Minimum Average Daily Balance (ADB) to avoid charges None None
Service Fee for Falling Below ADB None None
Maximum Balance None
Maintenance Fee None

Php 300.00/month if:
a. ADB is less than Php2,000; AND
b. No transaction movement for the last 12 months

Interest Earning Balance Php 2,000.00
Interest Rate 0.375%1 0.375%2
Dormancy Fee Php 30.00 None
Account Access

Passbook
ATM card*
POS Terminal
Sterling Bank Online**
Branch (over-the-counter)

*Available for kids 7-19 y/o, ITF and Joint-Or accounts. Consent of the parents or guardian is required.
**Available to customers age 18 yrs old and above, including ITF accounts.

Passbook*
ATM card**
POS Terminal
Sterling Bank Online***
Branch (over-the-counter)

*Subject to the requirement that the account must have at least a balance of Php1,000.
**Subject to the requirement that the account must have at least a balance of Php1,000 upon card application. Available for kids 7-19 y/o, ITF and Joint-Or accounts. Consent of the parents or guardian is required.
***Available to customers age 18 yrs old and above, including ITF accounts.

Insurance Coverage Deposits are insured by PDIC up to P1,000,000 per depositor.
  Book an Appointment Open an Account
Account will be automatically converted to a regular Solo Basic Account or regular Solo Savings Account with 0.5% interest if the child becomes 20 years old.
Account will be automatically converted to a Solo SA-Online with 0.25% interest if the child becomes 20 years old.
Deposit Rates Comparison

As of November 29, 2019
requirements background
How Do I Apply

Requirements

Filipino Citizen

1 original valid photo-bearing government-issued ID
(click here for the list of acceptable IDs)

Foreign National

Passport and Alien Certification of Registration (ACR)
Card or Alien Employment Permit (AEP)

 
1
Complete the Account Opening Online Form
2
Wait for the reference number sent to you through SMS
3
Visit your selected branch and deposit the specified opening balance
 
open neo savings account
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Open a Neo Savings Account