What are time deposit rates?

Time deposit rates are the advertised interest rates paid on deposit products that require funds to stay in the account for a fixed period. Products may differ by tenor, minimum placement, and customer segment.

Why should I compare gross rate and tax note?

Because the headline rate is usually gross, while the amount you actually receive may be lower after final withholding tax on deposit interest. Recent Philippine guidance reflects a 20% tax environment for this type of interest income.

What is the best term length?

There is no universal best term. Shorter terms offer more flexibility, while longer terms may fit money you can leave untouched for a fixed period.

What happens if a bank changes its rate?

Banks can revise rates, remove tenors, or change product conditions. That is why this page should show notes and an update date, not just a rate number.

Is this page the same as an official bank quote?

No. This page works as a comparison reference. Final terms, exact eligibility, and product rules should still be verified with the bank directly.

Should I use a time deposit or a savings account?

A time deposit is usually better if you can leave the money untouched for a fixed term. A savings account is usually better if you need easier access to funds.

Time Deposit Rates Philippines

Compare time deposit rates in the Philippines across different banks, terms, and minimum deposit requirements. Use this page to review gross advertised rates, check lock-in periods, compare minimum placement amounts, and understand what to look at before choosing a fixed-term deposit.

Updated March 17, 2026

Time Deposit Comparison Table

Compare time deposit products using the factors that matter most in real use, not just the highest advertised rate.

Use this table to compare time deposit products by tenor, rate, and minimum placement. Check the notes column carefully because banks may revise rates or remove certain terms over time.

Bank	Product	Term	Gross Rate	Min. Deposit	Tax Note	Best For	Notes
Tonik	Time Deposit	6 months	6.00%	₱5,000	Gross before 20% WHT	Short-term digital	Digital-only bank licensed by BSP. Rates may vary by promo.
Tonik	Time Deposit	12 months	6.00%	₱5,000	Gross before 20% WHT	Longer-term digital	Digital-only bank licensed by BSP. Rates may vary by promo.
CIMB	Fixed Deposit	12 months	5.50%	₱1,000	Gross before 20% WHT	Low minimum deposit	CIMB announced revised rates effective January 9, 2026. 24-month tenor no longer offered for new placements effective February 11, 2026.
CIMB	Fixed Deposit	6 months	5.00%	₱1,000	Gross before 20% WHT	Low minimum deposit	GCash-accessible. Verify current tenor availability.
SeaBank	Time Deposit	12 months	5.00%	₱50,000	Gross before 20% WHT	Digital-first access	Backed by Sea Group (Shopee). BSP-licensed digital bank.
Maya	Time Deposit	12 months	5.00%	₱10,000	Gross before 20% WHT	Digital-first access	Formerly PayMaya. Verify current product availability.
BPI	Time Deposit	12 months	3.25%	₱50,000	Gross before 20% WHT	Traditional bank users	One of the oldest banks in the Philippines. Branch + app access.
BPI	Time Deposit	6 months	2.75%	₱50,000	Gross before 20% WHT	Traditional bank users	One of the oldest banks in the Philippines. Branch + app access.
BDO	Time Deposit	12 months	3.00%	₱100,000	Gross before 20% WHT	Traditional bank users	Largest bank in the Philippines by assets. Higher minimum.
BDO	Time Deposit	6 months	2.50%	₱100,000	Gross before 20% WHT	Traditional bank users	Largest bank in the Philippines by assets. Higher minimum.
Metrobank	Time Deposit	12 months	2.75%	₱100,000	Gross before 20% WHT	Traditional bank users	Major universal bank with nationwide coverage.
Metrobank	Time Deposit	6 months	2.25%	₱100,000	Gross before 20% WHT	Traditional bank users	Major universal bank with nationwide coverage.

Rates, terms, and product details may change. Always verify the latest bank terms before placing funds.

Time Deposit Rates Are Usually Shown Before Tax

Banks often show time deposit rates as gross annual rates. But interest income from bank deposits is generally subject to final withholding tax, which means your actual earnings may be lower than the headline rate. Recent BIR guidance and bank advisories reflect a 20% final withholding tax environment for deposit interest.

4.00%

gross rate

≈ 3.20%

after 20% withholding tax

5.00%

gross rate

≈ 4.00%

after 20% withholding tax

6.00%

gross rate

≈ 4.80%

after 20% withholding tax

Use gross rates for comparison, but keep after-tax return in mind when deciding where to place your money.

Why Term Length Matters

A longer time deposit term may offer a different rate from a shorter one, but it also means your funds are locked in longer. The best option depends on whether you value flexibility or are willing to commit for a higher or more stable return.

shorter terms may suit parked cash
longer terms may suit planned savings you will not need immediately
a higher rate may not be worth it if the lock-in is too restrictive

Why Minimum Deposit Matters

Some time deposit products are accessible with smaller starting amounts, while others require a much larger placement. This is one of the biggest practical filters users apply when comparing rates, so it should be easy to scan in the table.

Lower minimum deposit

May be more useful if you are testing a product for the first time or starting with a smaller amount.

Higher minimum deposit

May be acceptable if the product fits a larger parked-cash strategy or if you already have the funds available.

Why Notes Matter on a Time Deposit Page

Time deposit products can change over time. A product may revise rates, remove certain tenors, or apply different rates based on customer segment. CIMB Bank PH, for example, announced revised MaxSave rates effective January 9, 2026, and later announced that the 24-month tenor would no longer be offered for new placements effective February 11, 2026.

That is why a good comparison page needs:

a visible notes column
a visible update date
clear distinction between current and older terms
careful handling of promotional or segment-based rates

Quick Picks by Deposit Need

Start with the kind of time deposit setup you want, not just the highest published number.

Best for Short-Term Parking

Best for users who want a shorter lock-in period and easier access after maturity.

Best for Longer-Term Return

Best for users who can leave funds untouched for a longer period.

Best for Lower Minimum Deposit

Best for users who want to start with a smaller placement amount.

Best for Digital-First Access

Best for users who prefer app-based banks or digital account opening.

Best for Simpler Product Terms

Best for users who want easier-to-understand rate structures.

Want to Estimate Your Return?

After comparing rates, use the Time Deposit Calculator to estimate gross interest, after-tax interest, and maturity amount for a specific deposit scenario.

USE THE TIME DEPOSIT CALCULATOR

How we compare time deposits

PesoHub compares time deposit products using publicly available product information such as advertised gross rates, term lengths, minimum deposit requirements, and product notes. Rates and account details may change, so always verify the latest information with the bank directly.

Frequently Asked Questions

Related savings and rates pages

Time Deposit Calculator

Best Savings Interest Rates

Rates Hub

Savings Goal Calculator

Guides Hub

Source & Freshness

Source

Individual bank websites and product disclosures

Updated

March 17, 2026

Review cycle

Every 2 weeks

Time deposit rates shown are subject to change without prior notice. Rates are gross (before the 20% final withholding tax on interest income). Promotional rates may expire, and product tenors may be revised or removed. Always verify the current rate and terms directly with the bank before placing funds. This page is not affiliated with any bank listed.