Wealth Multiplier
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 |
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.