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 |
| Term | 30-360 days |
| 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 |
| Currency | PHP |
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.