More articles about: deposits

How Much Money Does the Typical Filipino Keep in His Bank Account?

The Philippines still has a low savings rate.

The average bank balance of most Filipinos is less than P5,000.The Bangko Sentral ng Pilipinas (BSP)'s latest report (2017) on the State of Financial Inclusion shows 62 percent of all deposit account holders in the country only keep P5,000 and below in ...