East West Bank | Personal Banking | Peso Time Deposit

Personal Banking

Peso Time Deposit

Product Definition :
An interest-bearing term deposit evidenced by a Certificate of Time Deposit with 30- up to 360-day term. Interest rate is based on the amount and term of deposit.

Product Benefits :
Higher Interest Earning Potential . Assures clients of yields higher than Savings Account rates.

Guaranteed Yields . Assures client of interest earnings for as long as the deposit remains with the Bank within the agreed term.

Forced Savings . Clients would be "forced" to leave their funds with the Bank untouched for a particular period of time.

Standby credit facility . Deposits can be used as loan collateral. Loan term co-terminus with or earlier than the maturity of the collateral.

Insured with PDIC . Funds insured up to P 250,000.00

Product Features :

Minimum Initial Deposit:	P 10,000.00
Term:	30 - 360 days
Interest Rate:	Based on prevailing market rates
Withholding tax:	20.0%
DST:	P1.00 for every P200 or a fraction thereof (For terms equal to or greater than one year) (For terms that are less than one year, OST is pro-rated)
Fund Access:	Withdrawal Slip OTC
Transaction Record:	Certificate of Deposit