On the previous article, we shared information about the comparison of savings account in the Philippines. That information could help you decide which bank you’re going to choose when opening a savings account. Today, I will share comparison of time deposit account in the Philippines.
If you’re a beginner like me and looking for a ways to make your money grow, time deposit is one of the basic option we can have. Although the returns are not higher compared to other investments, the risk is also low.
As the expert says, ‘the higher the returns, the higher the risk’. We should invest in ourselves first before venturing into any kind of investments. This is the best investment we could ever have.
3 Major Time Deposit Account in the Philippines
Below are the comparison of time deposit account rates from the major bank here in the Philippines as of November 11, 2015. Other banks were not included since most of the time, people are looking for information in these 3 major banks.
The data are taken from each bank official website. I will try my best to keep this updated over time. But you have to take note that time deposit rates may change at any time without notification. For most updated and exact details, please contact the bank’s nearest branch in your area.
BPI Time Deposit rates
Below are the current time deposit rates in BPI banks in the Philippines. The initial deposit requires 50k or more. You can see the interest rate at the left side of the table.
BDO Time Deposit rates
You can see the current time deposit rates in BDO below. Unlike BPI, BDO offers lower initial or starting deposit amount. 
Metrobank Time Deposit rates
Below is the current time deposit rates in Metrobank in the Philippines. Initial deposit requires 10k or more. The maturity offers flexible number of days or weeks.
There you have it! Those are the comparison of time deposit account in the Philippines and their interest rates as of today(November 15, 2015).
Please take that in general, the returns or gains in time deposit is still subjected to 20% tax. You may need to verify this to your bank customer service.
Interest rates are not the only consideration we need to check when opening a time deposit account in the Philippines. Customer service, convenience and others must check when opening any type of bank accounts in the Philippines. You may check the 5 tips when choosing a bank in the Philippines on this article.
I hope this article has been informative for you. Cheers!
nice info, thanks a lot!
mali compute
good day.anu pala dapat?
Mali po computation.. 440 PHP lang for a half year brader…
440 PHP lang in half a year.
wow, nice info.. I learned a lot on your article .. 🙂 thanks 🙂
halimbawa mag time deposit ako sa BDO ng 10k. at ang maturity date ay 30days. ibig bang sabihin noon after ng maturity date yong 10k, ay magiging 12,500?
10000 x 0.025(30/365) = P20.55, meaning yung P10,000 mo after 30 days time deposit sa BDO becomes P10020.55
Sa time deposit pwede mag add ng pera every month, ang maturity example 1 year. thanks
Hello Rem,
i know a company that could offer as high as 6% rates for your time deposit in just 1 year, its a bank to bank transaction. its legit and they are licensed and registered here in the philippines. just message me to get more details 09077228964
What kind of valid ids needed?? I only have philhealth and tin id only