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Personal Banking

Dollar Time Deposit Account


Product Definition :

A term deposit account denominated in US Dollars evidenced by a certificate.

Product Benefits :

Higher Interest. Provides opportunity to earn more from dollar funds.

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

Hedge against peso devaluation. Accessible funds in US dollars.

Insured by the PDIC. Funds insured up to the equivalent of P 500,000.00

No service charges on dollar notes deposit or withdrawal.


Product Features :
 
Minimum Initial Deposit: $1,000.00
Term: 30 - 360 days
Interest Rate: Based on market rates
Withholding tax: 7.5%
Fund Access: Withdrawal Slip OTC
Transaction Record: Certificate of Deposit

Click to see Service Charges & Fees

 

 

Banking Fees and Charges 

Banking
Requirements 

New Interest Rates
Effective -
July 1, 2009