Time Deposits
| TIME DEPOSIT INTEREST RATES – Effective March 01, 2021 |
| PLACEMENT |
TERM IN DAYS |
| FROM |
TO |
30-90 |
91-180 |
181-720 |
721 days to 1800 days |
5 Years +day |
| 10,000.00 |
100,000.00 |
1.25 |
1.50 |
2.00 |
|
|
| 100,001.00 |
300,000.00 |
1.25 |
1.60 |
2.10 |
|
|
| 300,001.00 |
500,000.00 |
1.35 |
1.70 |
2.20 |
2.30 |
2.50 |
| 500,001.00 |
1,000,000.00 |
1.35 |
1.80 |
2.30 |
2.75 |
2.75 |
| 1,000,001.00 |
2,000,000.00 |
1.40 |
2.00 |
2.50 |
3.00 |
3.10 |
| 2,000,001.00 |
5,000,000.00 |
1.40 |
2.25 |
2.75 |
3.25 |
3.35 |
| 5,000,001.00 |
& above |
1.50 |
2.35 |
2.85 |
3.35 |
3.45 |
- Notes:
- a. Interest rate is subject to 20% withholding tax.
- b. Time deposit placement for 5 years is tax free.
Deposits are insured by PDIC up to P 500,000 per depositor.