Time Deposit

I. REGULAR TIME DEPOSIT

Product Description:

Certificate of deposit (in Peso) with the Bank for a fixed period of time, in return for a fixed interest payable at the end of the term.
Transactions can be done via over the counter on its domicile branch.
PDIC insured up to P500,000

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:

Interest bearing Certificate of Deposit (in Peso) maintained for a minimum of (5) five years. Interest earned is credited every 35 calendar days.
Interest income earned by the depositor is waived from 20% final tax and documentary stamps, thus, increasing depositor’s yield and bank’s access to longer-term funding in support of its PDIC insured up to P500,000.00

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