Regular Time Deposit
- Time Deposits represent interest-bearing deposits with specific maturity dates and evidenced by Certificate of Time Deposit issued by the Bank.
- Minimum amount of deposit - P 10,000.00
- Minimum term of deposit - 90 days
- Earns higher interest compared with regular savings account
- With certificate of time deposit
- Interest is subject to the 20% withholding tax
Requirements in Opening Account
For individual /joint accounts
- Two 2x2 I.D picture
- 1 valid Identification card
- Articles of Incorporation
- SEC registration
- Notarized BOD Resolution
- 2x2 pictures
- Valid Identification cards
We would love to hear from you!
Deposits are insured by PDIC up to P500,000 per depositor.