Market Savings Deposit
An Interest-bearing peso deposit account which earns higher interest rate than the regular savings account and is subject to withdrawal at a specified future date. Term and interest disposition options are available. A Confirmation of Time Deposit is issued as a proof of deposit.
|Initial Deposit||Php 200,000|
|Interest Rate||Click here to view|
|Interest Payment||Compounded at Maturity / Monthly Interest Out|
|Maturity Disposition||Auto renew upon Maturity|
|Withholding Tax||20% of interest earning|
NOTE: In case the time deposit is terminated prior to maturity date, applicable taxes and charges shall be for the client’s account and deducted from the net proceeds of the time deposit.