- Fixed -rate peso time deposit with a term of 7 years and 1 day. Available to individuals and corporations.
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| Minimum Placement: |
PhP 100,000.00
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|
| Eligibility: |
Individuals and Corporations
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| Term: |
Seven (7) years and one (1) day
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| Interest Rates: |
5.9% per annum
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| Interest Payout: |
At maturity
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| Proof of Deposit: |
Certificate of Time Deposit
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Pre-Termination Rate
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- If withdrawn within the first half of the term:
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25% of the agreed interest rate OR regular savings account rate, whichever is higher |
- If withdrawn within the second half of the term:
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52% of the agreed interest rate OR regular savings account rate, whichever is higher
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Documentary Stamp Tax
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- If withdrawn at maturity date:
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For the account of the Bank
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- If withdrawn before the maturity date:
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For the account of the client |
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Withholding Tax:
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(For the Account of the Client)
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Individual Accounts
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Corporate Accounts |
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Less than 3 years -
Less than 4 years -
Less than 5 years -
5 years up to Maturity -
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20% p.a.
12% p.a.
5% p.a.
0% |
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(Tax -Free)
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