The rate applies to the 'Passbook Savings Account' product by Metrobank which is an interest bearing deposit account that requires an initial deposit of P 10,000. It has a passbook and requires a maintenance balance of P10,000 as well as P10,000 balance to earn interest. You may pay a service fee of P 300.00 if account is below ADB for 2 consecutive months.
The rate of 0.250% is 0.04% lower than the average 0.29%. Also it is 0.5 % lower than the highest rate.Updated Feb, 2016