Land Bank of the Philippines (LANDBANK) is redefining savings with the launch of OptiSaver Plus, an enhanced version of its high-interest OptiSaver account.

Designed to help Filipinos grow their wealth, this upgraded account offers tiered interest rates and free insurance coverage for added financial security.

The OptiSaver Plus account includes life insurance that scales with account balance tiers, providing greater financial security for depositors with higher savings. Additionally, personal accident insurance offers coverage against injury or loss, ensuring a financial safety net for account holders and their families.

According to LANDBANK, depositors maintaining a minimum average daily balance (ADB) of P50,000 qualify for either free life insurance or free personal accident insurance. Those in the highest balance tier, P20 million and above, receive both types of coverage.

“With the LANDBANK OptiSaver Plus, we are empowering our clients to achieve financial growth while securing their future. By combining the benefits of higher savings potential and built-in financial protection, we are ensuring their hard-earned money works even harder for them as they build wealth with confidence,” said LANDBANK president and chief executive Lynette Ortiz.

As a flexible savings account with no fixed term, OptiSaver Plus allows unlimited deposits and withdrawals. Account holders can seamlessly access their funds through LANDBANK’s digital banking channels for cardless LANDBANK Visa Debit Card transactions or visit any LANDBANK branch for passbook over-the-counter transactions.

Clients can open an OptiSaver Plus account at any LANDBANK branch and receive a passbook for account monitoring. Existing OptiSaver account holders who wish to avail themselves of the free insurance coverage may visit their LANDBANK branch to complete the necessary forms, which will also be sent via email, LANDBANK said.