Regular Time Deposit
A multi-currency Time Deposit for short term placements starting at 30 days. Term and interest disposition options are available. A Confirmation of Time Deposit is issued as a proof of deposit. TD interest and proceeds are credited to a nominated TD Settlement Account upon redemption or pre-termination.
|Initial Deposit||Php 10,000|
|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.