PRA Time Deposit
Special time deposit offered to qualified retirees that will avail of a special resident retiree visa from the Philippine Retirement Authority (PRA). A duly signed Letter of Introduction from PRA bearing the client’s name and the amount shall be presented.
| Initial Deposit | USD 1,500 or its peso equivalent |
| Term | 30-360 days |
| Interest Rate | Click here to view |
| Interest Payment | Monthly Interest Out |
| Maturity Disposition | Auto renew upon Maturity |
| Withholding Tax | 20% for PHP / 15% for USD |
| Currency | PHP and USD |
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.