Short Term Time Deposit
A peso time deposit with a term of 1 to 29 days. A Confirmation of Time Deposit serves as proof of deposit. For placements beyond 29 days, funds are placed in a Regular Time Deposit. If pre-terminated, the interest rate reverts to the savings account rate.
| Initial Deposit | Php 10,000 |
| Term | 1-29 days |
| Interest Rate | Click here to view |
| Interest Payment | Compounded at Maturity |
| 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.
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Deposits are insured by PDIC up to P1 Million per depositor. |
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Deposits are insured by PDIC up to P1 Million per depositor. |