The Importance of Planning for Retirement in the Philippines

Retirement is the ideal time to relax, explore new interests, and enjoy the rewards of your hard work—whether it’s traveling to dream destinations, spending quality time with family, or discovering new hobbies. However, achieving this level of comfort requires a well-thought-out financial plan to ensure you can maintain your lifestyle and prepare for any unexpected expenses during your golden years.

As your Malalapitan, Maaasahang Kaibigan, we at the Bank of Makati understand the importance of planning for the future. Opening a savings account in the Philippines is a smart step toward achieving financial security. With the right savings plan, you can confidently build a safety net and turn your vision for a comfortable, fulfilling retirement into reality.

Personal Retirement Savings Account
in the Philippines

A personal retirement savings account helps you secure a stable future. It enables you to contribute funds that can be strategically invested, offering opportunities for growth through returns over time. This makes it an essential tool for ensuring financial stability during your retirement years.

At Bank of Makati, we are committed to helping you maximize the benefits of your personal retirement savings account in the Philippines. With this, you can maintain financial independence and live the lifestyle you’ve always dreamed of.

Low Initial Deposit

In the Philippines, opening a personal retirement savings account with a trusted bank promises affordability, as it often requires only a minimal initial deposit. This feature makes it accessible to a wide range of individuals who are ready to take the first step toward building their retirement savings.

Safety and Security

With this savings account, you can enjoy both safety and security for your hard-earned money. Your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to ₱500,000 per depositor, providing you with peace of mind as you work toward achieving your retirement goals.

Easy Access to Your Money

At the Bank of Makati, we ensure convenient access to your funds through ATM and over-the-counter options. With a personal retirement savings account in the Philippines, you can withdraw your money when needed, providing peace of mind for emergencies or planned expenses while maintaining financial security.

Power Build-up Savings

Our Power Build-up Savings Account offers an excellent opportunity to save while earning competitive interest rates. Open an account with just ₱5,000 for individuals or ₱10,000 for corporate accounts, and start growing your savings today.

With an annual interest rate of 0.625%, your money grows faster compared to many traditional savings accounts. Access your funds anytime, 24/7, through BancNet ATMs—whether it’s withdrawing cash, checking your balance, or completing other transactions.

For added peace of mind, your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to ₱500,000, ensuring the security of your savings.

Learn more about BMI’s Power Build-up Savings Account here!

Time Deposit Accounts

Our Time Deposit Account is a fixed-term savings product that offers higher interest rates compared to regular savings accounts. To open the account, a minimum initial deposit of ₱5,000 is required.

Interest rates for time deposits are more competitive than those for regular savings accounts and vary depending on the term length, with a minimum term of 30 days. You can choose to receive interest payments either monthly or at the end of the term, based on your financial needs.

Just like our Power Build-up Savings Account, deposits in the Time Deposit Account are insured by the Philippine Deposit Insurance Corporation (PDIC) for up to ₱500,000 per depositor, giving you peace of mind while you grow your savings.

Learn more about our Time Deposit Account here!

Misconceptions about Personal Retirement Savings Accounts in the Philippines

Starting your own savings account may seem daunting, especially with the misconceptions surrounding it. That’s why understanding these myths is essential.

It's Only for High-earners

Many people believe that only those with high incomes can save for retirement. Anyone can start saving, regardless of their income level. Even small contributions made early on can grow significantly over time due to the power of compounding interest.

It’s Complicated and Hard to Manage

While managing any financial product can come with challenges, a personal retirement savings account in the Philippines is designed to be accessible and user-friendly, making it easier for you to plan for your retirement.

Invest in Your Future with Bank of Makati’s Personal Retirement Savings Account

With a personal retirement savings account in the Philippines, you’re taking control of your future, providing peace of mind that comes from knowing you’re saving for a comfortable and independent retirement. We make it easy to grow your savings over time, whether you’re just starting or planning. With our flexible options, competitive interest rates, and tailored solutions, you can feel confident that you're securing the future you deserve.

Start Saving for Your Future with the Bank of Makati

Take control of your financial future today with Bank of Makati’s personal retirement savings account in the Philippines. Let us help you plan for a secure and comfortable retirement—because your future deserves a solid foundation. Contact us today to learn more!