By Reggie Vizmanos
Feb 151 min
The Land Bank of the Philippines has introduced its GreenGrowth Deposit, a new time deposit product designed to support social and environmental initiatives while offering secure financial returns for customers.
Funds deposited under the GreenGrowth Deposit will bolster LandBank's sustainable financing efforts, focusing on renewable energy projects, green technologies, and other eco-friendly initiatives and investments. I Photo: LANDBANK X
According to the bank, the GreenGrowth Deposit offers a fixed one-year term with a minimum placement of PHP 50,000, providing a 2.25 percent interest rate per annum. Customers with deposits of PHP 5 million and above can enjoy higher returns of up to 4.25 percent interest rate.
Lynette Ortiz, President and CEO of LandBank, stated, “The LandBank GreenGrowth Deposit reflects our commitment to creating a greener and more sustainable future while encouraging customers to participate in this transformative journey. Open an account now, where each peso deposited contributes to creating ripples of meaningful change.”
Ortiz emphasized that funds deposited under the GreenGrowth Deposit will bolster LandBank's sustainable financing efforts, focusing on renewable energy projects, green technologies, and other eco-friendly initiatives and investments.
Additionally, the funds will be allocated for community-centric programs aimed at enhancing social welfare, added the bank official.
Interested customers can open a GreenGrowth Deposit account online via the LandBank Digital Onboarding System or visit any of the 607 LandBank branches and branch-lite units nationwide to complete the account setup.