Time deposits can be a supplementary mode of maximizing your earnings from existing money. These deposits have higher interest rates compared to regular savings account. Find out more about the latest time deposit rates in Philippine banks.
Time Deposit Rates of Banks
You may choose the best bank for time deposit based on their offered rates. Here is the list of banks in the Philippines and their latest time deposit interest rates.
See: Digital Banks Time Deposit Rates
BDO
| Deposit Amount (Php) | Days | Interest (%) |
| 1,000 to 9,999 | 30-360 | 0.125 |
| 10,000 to 49,999 | 30-360 | 0.125 |
| 50,000 to 99,999 | 30-360 | 0.125 |
| 100,000 to 199,999 | 30-90 | 0.125 |
| 180-360 | 0.25 | |
| 200,000 to 499,999 | 30-90 | 0.125 |
| 180-360 | 0.25 | |
| 500,000 to 999,999 | 30-90 | 0.125 |
| 180-360 | 0.25 | |
| 1,000,000 to 2,999,999 | 30-90 | 0.25 |
| 180-360 | 0.375 | |
| 3,000,000 to 4,999,999 | 30-90 | 0.25 |
| 180-360 | 0.375 | |
| 5,000,000 to 9,999,999 | 30-90 | 0.25 |
| 180-360 | 0.5 | |
| 10,000,000 to 19,999,999 | 30-90 | 0.25 |
| 180-360 | 0.5 | |
| 20,000,000 and up | 30-90 | 0.25 |
| 180-360 | 0.5 |
BPI
BPI is offering some of the most competitive time deposit rates in the banking industry. Depending on the deposit amount and duration, the rates increase the longer the deposit is held.
| Deposit Amount (Php) | 35 days | 63 days | 91 days | 182 days | 365 days |
|---|---|---|---|---|---|
| Php 50,000 – Php 499,999 | 0.25% | 0.25% | 0.38% | 0.38% | 0.50% |
| Php 500,000 – Php 999,999 | 0.38% | 0.50% | 0.50% | 0.50% | 0.50% |
| Php 1,000,000 – Php 4,999,999 | 0.38% | 0.50% | 0.50% | 0.50% | 0.50% |
| Php 5,000,000 and above | 0.50% | 0.63% | 0.63% | 0.75% | 0.75% |
PNB
You can do a time deposit with PNB for as low as Php 10,000. The interest rate is up to 0.13% for 30 to 360 days. Higher deposit amounts also have higher interest for you to earn more.
| Deposit Amount | 30 days | 31-60 days | 61-90 days | 91-180 days | 181-360 days |
| 10,000.00 – 49,999.99 | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
| 50,000.00 -249,999.99 | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
| 250,000.00 – 499,999.99 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| 500,000.00- 999,999.99 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| 1,000,000.00-4,999,999.99 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
| 5,000,000.00 and above | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Auto Renew Time Deposit
What is auto renew in time deposits? It is a method of renewing your time deposit upon maturity. The bank will process re-investing your funds together with the accumulated interest from the previous term.
Auto renew time deposit is similar to compounding interest which maximizes your earnings for a period of time.
What banks have auto renew for time deposits? Here is a list of banks with time deposit auto renew feature:
BPI
- Require minimum term is 35 days
- Required initial deposit: Php 50,000
- Required minimum amount to earn interest: Php 50,000
Metrobank
| Deposit Amount (Php) | 1 month | 2 to 5 months | 6 months to 1 year |
|---|---|---|---|
| 10,000 – 49,999 | 4.125 | 4.125 | 4.125 |
| 50,000 – 199,999 | 4.125 | 4.125 | 4.250 |
| 200,000 – 499,999 | 4.125 | 4.125 | 4.250 |
| 500,000 – 999,999 | 4.125 | 4.125 | 4.375 |
| 1,000,000 – 4,999,999 | 4.250 | 4.250 | 4.375 |
| 5,000,000 – 9,999,999 | 4.250 | 4.250 | 4.5 |
| 20M and above | 4.250 | 4.250 | 4.5 |
Security Bank
Security Bank’s time deposit rates are competitive and you can put your money at work from 27 days to 364 days. The interest rates are higher the longer you put your money on deposit.
| Deposit Amount (Php) | 27–44 days | 45–79 days | 80–130 days | 131 –270 days | 271–364 days |
| 100,000 – 299,999 | 3.12% | 3.36% | 3.50% | 3.67% | 3.70% |
| 300,000 – 999,999 | 3.18% | 3.42% | 3.56% | 3.72% | 3.75% |
| 1,000,000 – 2,999,999 | 3.24% | 3.48% | 3.62% | 3.77% | 3.80% |
| 3,000,000 – 4,999,999 | 3.30% | 3.54% | 3.68% | 3.80% | 3.83% |
| 5,000,000 & up | 3.30% | 3.54% | 3.68% | 3.80% | 3.83% |
Pre-Termination Fees
Pre-termination of a time deposit may incur penalties and charges. The bank will impose the fees based on their prevailing rates. It is best to simply stick to the agreed number of days to maximize your earnings.
Disclaimer: All info provided on this page is sourced from the banks’ respective sites. They may change without notice.
References: PNB, BDO, SecurityBank
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