Find the Best Time Deposit Rates in Philippines

Use the calculator below to find your best time deposit and apply for free.

We found 9 time deposit(s) for you!

Recommended

BPI Regular Time Deposit

Minimum Deposit

₱ 50,000

Interest Rate (p.a)
%
Investment Returns

    BPI Direct Savings Regular Time Deposit

    Minimum Deposit

    ₱ 50,000

    Interest Rate (p.a)
    %
    Investment Returns

      Maybank Classic Time Deposit

      Minimum Deposit

      ₱ 25,000

      Interest Rate (p.a)
      %
      Investment Returns

        Chinabank Diamond Savings

        Minimum Deposit

        ₱ 50,000

        Interest Rate (p.a)
        %
        Investment Returns

          Union Bank Peso Time Deposit

          Minimum Deposit

          ₱ 50,000

          Interest Rate (p.a)
          %
          Investment Returns

            Metrobank Peso Regular Time Deposit

            Minimum Deposit

            ₱ 10,000

            Interest Rate (p.a)
            %
            Investment Returns

              Landbank Regular Peso Time Deposit

              Minimum Deposit

              ₱ 1,000

              Interest Rate (p.a)
              %
              Investment Returns

                UCPB Peso Time Deposit

                Minimum Deposit

                ₱ 50,000

                Interest Rate (p.a)
                %
                Investment Returns

                  BPI Family Savings Regular Time Deposit

                  Minimum Deposit

                  ₱ 1,000

                  Interest Rate (p.a)
                  %
                  Investment Returns
                    Last updated: Mar 7, 2024

                    FAQs Frequently Asked Questions On Time Deposit

                    What Is A Time Deposit?

                    A time deposit, also referred to as certificates of deposit, is a fixed deposit at a bank, which you will not have access to during the agreed time period in exchange for a higher interest rate compared to a savings account. Identical to an investment account, you will be eligible to a higher premium rate as a return on your investment. Time deposit investment rates generally differ from interest range of 1.00% to 5.00%.

                    Time Deposit Tenure

                    Usually time deposit terms vary from 1, 2, 3, 6, 9 or 12 months. But with other banks, they can offer to an extent of five to six years. Regarding the maximum time deposit tenure, it would usually depend on the depositor who has full control on the tenure. In general, time deposit terms shift from 1 to 12 months. Whereas different banks can also offer to a degree of up to five to six years.

                    Time Deposit Fees And Charges

                    Are there any charges when I invest my money in a Time Deposit? Yes, there will be charges. Interest earned on time deposits is subject to a final tax of 20%. These are charged every month when an interest is earned on your account. Aside from taxes, it is also subject to stamp duties if the principal amount exceeds ₱250,000.00, in which you will be charged ₱1 for every ₱200 after it.

                    Time Deposit Requirements

                    The only requirement for a time deposit is, that you have available funds which you will not need to access over a certain amount of time. Depending on the bank, there might be a minimum amount or limitations regarding the time period. But in exchange for all the copies of identification and initial amount you will give to the bank, the bank will give you a certificate of time deposit.

                    Is Time Deposit Worth Investing In?

                    Certainly! If you are a person who is risk-averse and have very little risk appetite, time deposit is definitely for you. What makes time deposit an ideal investment option is that the returns are continuous and predictable. It is pretty straightforward and there are certainties. You just have to wait for the waiting period to be finished and you'd expect a specific earnings at the end of it.

                    How To Find The Best Time Deposit Interest Rate?

                    There are various offers by banks in the Philippines. We have put all of them together and created a comparison tool, which presents you the best interest rates based on your available savings and the time period. Needless to say, the usage of our comparison tool is free of charge. Once you have found the most favorable bank you may apply for it online.