Time Deposit
Terms And Conditions
Fees and Charges
Data Privacy Consent Form
Preferred Peso Time (Time Deposit)
Description:
- Certificate of deposit (in pesos) with the Bank for a fixed period of time, in return for a fixed interest payable at the end of the term.
| Details | Terms |
|---|---|
| Minimum Placement | Php 1,000 |
| Interest Rate | Based on market rates |
| Withholding Tax | 20% |
| Term/Repricing Cycle | Minimum term is 30 days |
| Interest Credited | At maturity |
| Fund Access | Branch of account renewal, viewing for Internet* and Mobile Banking* |
| Transaction Record | Certificate of Time Deposit |
| Deposits are insured by PDIC up to P500,000 per depositor. | |
| Charges/Fees | |
| Early Closure (accounts closed within 30 days from opening) | N.A. |
| Below Maintaining Balance | N.A. |
| Inactivity Fee | N.A. |
| Lost Passbook/ATM Card | N.A. |
| Others | Pre-termination:
interest based on prevailing savings rate Doc. Stamps Tax: Php1.50 for every Php200 of placed amount |
