Grow your hard-earned money with our high dividend rates of up to 18%* per annum! Ensure your progressive financial future today!
An investment passbook account that earns high dividends
Minimum balance to earn dividends is Php1,000
Can be an individual, joint, or in-trust-for (ITF) account
All members of the Association are required to open and maintain a CapCon account
The initial deposit required is Php1,000.
CapCon deposit placement cut-off:
First cut-off is until the third (3rd) working day of January
Second cut-off is until the third (3rd) working day of July
Maximum deposit per semi-annual cut-off:
Regular Members can deposit up to Php100,000
Associate Members can deposit up to Php75,000
Maximum balance is 5 million pesos per member.
In compliance with BSP Circular No. 789, all SLAIs are required to hold 10% of a member’s highest CapCon balance as a fixed/non-withdrawable amount. This held-out amount will continue to earn dividends but may only be withdrawn upon the termination of membership and closure of the CapCon account.
*Dividend rate depends on the performance of the Association for the year. Computation of dividend is based on the lowest semi-annual balance of the CapCon account of the member; provided that, all deposits are within the limits set by the Association. Withdrawals made during a semi-annual cut-off period may also affect the dividend computation. Posting of dividend is every January and shall be on the date the BSP approves the declaration of dividend. Members who wish to advance their dividends for the month of July, shall be required to fill out and submit an Advances to Members Authorization (AMA) form.
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