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- If withdrawn within the first half of the term: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- If withdrawn within the second half of the term: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- If withdrawn at maturity date: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- If withdrawn before the maturity date: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