Time Deposit

Terms And Conditions

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
PDIC insured up to Php 500,000
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: Php 1 per Php 200 or fraction thereof