Time Deposit

Terms And Conditions
Fees and Charges
Data Privacy Consent Form

Preferred Peso Time (Time Deposit)


  • 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.
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