Time Deposit Calculator Philippines 2026
Use this time deposit calculator to estimate your gross interest, 20% withholding tax, after-tax interest, and maturity amount based on your deposit amount, annual interest rate, and term.
Deposit details
Simple interest with the chosen withholding tax on interest income.
Your net maturity value is your original deposit plus estimated interest after tax. Actual bank returns may differ depending on compounding, promotional terms, early withdrawal rules, and bank-specific product conditions. This calculator uses simple interest and does not include compounding or special crediting rules.
Compare 3-Month, 6-Month, 12-Month, and 24-Month Time Deposit Returns
Longer terms may produce higher total interest, but they also lock your money for a longer period. Compare after-tax interest, not just the advertised annual rate — shown for a ₱100,000 deposit at 5.50%. Tap a term to apply it.
How to Compute Time Deposit Interest
For a simple time deposit estimate, gross interest is computed using deposit amount, annual interest rate, and term. Tax is then deducted from the interest, not from the principal.
Example: ₱100,000 at 5.5% for 12 months
Time Deposit Tax in the Philippines
In the Philippines, interest earned from peso bank deposits is generally subject to 20% final withholding tax. This means the advertised rate is usually a gross rate, and the amount credited to you may be lower after tax. The bank withholds the tax automatically and remits it to the BIR, so your interest is credited net of tax.
What your maturity amount means
Your maturity amount is the estimated total value of your deposit at the end of the selected term. It includes your original principal plus the interest earned over the deposit period, after tax.
- Principal is your original deposit
- Gross interest is the estimated return before tax
- After-tax interest is the estimated return after the 20% withholding tax
- Net maturity value is the estimated total you may receive at the end of the term
Time Deposit vs Savings Account
A time deposit is good for money you can lock in for a fixed period. A savings account is better for emergency funds and money you may need anytime.
| Feature | Time deposit | Savings account |
|---|---|---|
| Access to funds | Locked until maturity | Withdraw anytime |
| Interest rate | Usually higher, fixed for the term | Usually lower, can change |
| Lock-in period | Fixed term (days to years) | None |
| Early withdrawal | Penalty or reduced interest | No penalty |
| Best for | Money you can lock in for a fixed period | Emergency funds and money you may need anytime |
| Risk / protection | PDIC-insured up to ₱1M per depositor, per bank | PDIC-insured up to ₱1M per depositor, per bank |
Compare savings interest rates to see how current savings yields stack up against time deposit rates.
Before You Open a Time Deposit
- Check the gross annual interest rate.
- Confirm the term and maturity date.
- Ask if interest is credited at maturity or periodically.
- Check if the rate is promotional or standard.
- Ask about early withdrawal penalties.
- Check the minimum placement amount.
- Confirm whether the bank is covered by PDIC.
- Keep total deposits within PDIC coverage if protection is important to you.
Looking for Current Time Deposit Rates?
This calculator helps you estimate your return once you already have a deposit amount, rate, and term. If you are still comparing banks, check PesoHub's time deposit rates page or savings rates guide first, then return here to compute the estimated maturity amount.
This calculator provides estimates for planning purposes only. Actual bank products may use different compounding, rates, crediting, or early-withdrawal rules, and promotional rates may have conditions. It is not an official bank quote — always confirm final figures with the bank.