With so many ways to save, why do Filipinos still choose passbook savings accounts? The answer lies in their security, convenience, and long-term benefits—making them a solid choice for those looking to grow their money.

Of course, not all passbook accounts are created equal. Whatever you need it for, you want to make sure that it performs well and is backed by a trusted financial institution. This is where EastWest’s passbook savings accounts come in.

As one of the Philippines' most trusted financial institutions, EastWest has had a long history of offering solid passbook savings products that meet and exceed expectations. If you want a systematic, transparent way of managing your wealth that doesn’t restrict access, EastWest provides convenient passbook accounts as well as other rewarding ways to save up.

Let’s explore some of the benefits you get from opening a Passbook Savings Account with EastWest.

1. Transparent and Organized Transaction Monitoring

A passbook savings account gives you a physical record of all your transactions, unlike digital-only savings accounts that require online monitoring. Having a physical document makes it significantly easier to track deposits, withdrawals, and interest earnings, especially over long periods. You get to view your entire account history at a glance without excessive menu diving in websites or mobile apps, as can be the case with regular savings accounts. This can be especially beneficial if you find purely digital tracking too complicated or fussy to work with. 

You don’t have to give up on the convenience of digital, either. With EastWest Passbook Savings Account, you also have full access to digital banking services through the EasyWay App, enabling you to maintain real-time monitoring of your transactions even as you enjoy the convenience and form-factor of a physical record.

2. Competitive Interest Rates for Steady Long-Term Growth

EastWest offers a 0.125% per annum interest rate, enabling you to protect more of your growing wealth. With just a minimum initial deposit and a maintaining balance of PHP 10,000, you can start enjoying the benefits of compound interest and earn more compared to keeping your money in a regular account. If you opt to get an EastWest Visa Debit Card, you only need PHP 25,000 to keep earning interest, making EastWest a wise choice if you want to keep the benefits of a passbook and the easy access of a regular savings account.

3. Secure Fund Access, Online and Offline

One of the key advantages of an EastWest Passbook Savings Account is the improved security it offers over regular savings. If you opt to not get a debit card or the EasyWay App, you must present your physical passbook at an EastWest branch when you conduct your transactions. This guarantees that unauthorized individuals cannot access your funds without your knowledge. 

Even if you do opt for the app and debit card, EastWest implements strict security measures to keep your account safe. With industry-standard protections like account verification and proactive fraud protection, you can be sure your money is safe with EastWest, whatever the type of account you have.

4. Seamless Integration with Digital Banking

As mentioned, EastWest gives your passbook account truly modern convenience via full integration with the EasyWay Mobile App. This means you can enjoy 24/7 access to your balance inquiries, fund transfers, and other banking services through your phone or computer. This combination gives you the best of both traditional and online banking, fusing convenience with superior monitoring and security.

5. Easy Access to the Full EastWest Ecosystem

You don’t want to limit your options when you’re managing your money and growing your wealth. EastWest's long history serving the Philippine market has given it insights into the needs of Filipino savers, providing a lineup of appealing product offerings. With an EastWest Passbook Savings Account and the EasyWay app, you have opportunities to explore exclusive financial products and services, including:

• Foreign Currency Time Deposits for better fund stability and higher interest earnings.
• Kiddie Savings Accounts to start saving for your child’s future and teaching your child about money management.
• Business Checking Accounts for entrepreneurs.
• Save & Pawtect insurance for your household pets.

With EastWest breadth of product variety, you have everything you need, ready to access as your financial needs evolve. Through the EasyWay online and mobile app, you’ll also enjoy seamless banking experiences across all your different EastWest accounts.

6. Personalized Customer Support & Branch Accessibility

Unlike digital-only banks, EastWest offers you a full spectrum of customer support options, spanning from online chat to in-person guidance through the EastWest branch network. This means you can always get in-person help whenever you need it, wherever you’re located.

Turn Your Savings Goals into Reality with an EastWest Passbook

Opening a Passbook Savings Account with EastWest is a smart way to manage your money. It combines the best of today’s digital banking trends alongside the time-tested methods to give you banking that meaningfully grows your wealth, over time. Make your dream our focus and open an EastWest Passbook Savings Account today. Start saving smarter today. Open an EastWest Passbook Savings Account at your nearest branch or apply online in minutes!