A long-term peso Time deposit; Terms ranges from 18 mos. – 3 years. Interest is credited to a designated CA/SA account on a monthly basis. A Confirmation of Time Deposit is issued as a proof of deposit.
|Initial Deposit||Php 100,000 for OFWs with current overseas employment contract
Php 500,000 for Regular Clients
|Term||18 mos, 2yrs or 3yrs|
|Interest Rate||Click here to view|
|Interest Payment||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.