I. REGULAR TIME DEPOSIT
Product Description:
Details | Terms |
Minimum Initial Placement | 1,000.00 |
Placement Term | 30 days up to 360 days |
Withholding Tax Rate | 20% |
Documentary Stamps | P1,000.00 /200 x 1.50 x term/360 |
Pre-termination Penalty | Rate back to 0.75% |
II. 5 YEAR TIME DEPOSIT
Product Description:
Details | Terms |
Minimum Initial Placement | 50,000.00 |
Placement Term | 5 Year Fixed |
Withholding Tax Rate | waived |
Documentary Stamps | waived |
Pre-termination Policy | a)Tenor<3 years : 50% of all interest earned b)Tenor<4 years : 25% of all interest earned c)Rate back to 0.75%. Subject to Withholding Tax and Documentary Stamps Expenses |
DEPOSITS ARE INSURED BY PDIC UP TO P500,000.00 PER DEPOSITOR