Market Savings Deposit
A peso deposit account that earns a higher interest rate than a regular savings account. Withdrawals are allowed only on a specified future date. Clients can choose their preferred term and how they receive interest. A Confirmation of Time Deposit is issued as 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.
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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. |