Foreign Currency Time Deposits
Product Features
Minimum Initial Deposit
Click here for the minimum initial deposit required, required balances and interest rates for each
Withholding Tax
15%
Other Features
Fund Access
- EastWest Online and Mobile
- Over-The-Counter
Transaction Record
- TD Certificate
Dormancy Charge
₱ 30 per month
(Applied to dormant accounts 5 years and above AND balance falls below the minimum maintaining balance)
Foreign Currency Time Deposit Rates
USD Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days | 270 Days | 360 Days |
|---|---|---|---|---|---|---|
| USD 1,000 to < 2,000 | 0.135% | 0.135% | 0.135% | 0.135% | 0.160% | 0.170% |
| USD 2,000 to < 5,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 5,000 to < 10,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 10,000 < 20,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 20,000 < 50,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 50,000 < 100,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 100,000 < 200,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
Gross Interest Rates for USD and 3rd currency deposits are subject to the following withholding tax p.a.:
> 20% for Domestic Corporation/Individual Citizen or Resident Alien
and Resident Foreign Corporation
> Exemption is for Non-Resident
Long Term USD Time Deposit
| Amount Range | 2 Years | 3 Years | 4 Years | 5 Years + 1 Day |
|---|---|---|---|---|
| USD 1,000 and above | 3.300% | 3.300% | 3.300% | 3.300% |
USD Gross Interest Rates are subject to 20% p.a. withholding tax
*Also available for terms of 360 days, up to 5 years
RMB Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| RMB 5,000 and above | 1.000% | 1.000% | 1.250% | 1.250% |
RMB Gross Interest Rates are subject to 20% p.a. withholding tax
EURO Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| EUR 500 and above | 0.105% | 0.105% | 0.120% | 0.150% |
EUR Gross Interest Rates are subject to 20% p.a. withholding tax
JPY Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| JPY 50,000 and above | 0.000% | 0.000% | 0.000% | 0.000% |
JPY Gross Interest Rates are subject to 20% p.a. withholding tax
SGD Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| SGD 1,000 and above | 0.200% | 0.200% | 0.200% | 0.200% |
SGD Gross Interest Rates are subject to 20% p.a. withholding tax
AUD Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days | 360 Days |
|---|---|---|---|---|---|
| AUD 1,000 < 20,000 | 0.500% | 0.500% | 0.75% | 1.000% | 1.000% |
| AUD 20,000 < 50,000 | 0.500% | 0.500% | 0.75% | 1.000% | 1.000% |
| AUD 50,000 < 100,000 | 0.500% | 0.500% | 0.75% | 1.000% | 1.000% |
| AUD 100,000 and above | 0.500% | 0.500% | 0.75% | 1.000% | 1.000% |
AUD Gross Interest Rates are subject to 20% p.a. withholding tax
Want to know more about our Time Deposit? Contact us now.
Visit any EastWest Store.
Call 24-Hour Customer Service at (+632) 8888-1700
Email us at service@eastwestbanker.com.
For new deposit customers
For existing deposit customers
At least one (1) un-expired Identification Document (ID) with photo and signature
- List of Accepted IDs
- Philippine Identification – PhilID
- Passport
- Driver’s License
- Professional Regulations Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Postal ID (Digitized)
- Tax Identification Number (TIN) (Digitized)
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Government Office and GOCC ID e.g. Armed Forces of the Philippines (AF ID), Home Development Mutual Fund (HDMF ID)
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- ID issued by the National Council on Disability Affairs (NCDA)
- Unified Multi-Purpose ID (UMID)
- Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines
- Company IDs issued by private entities for institutions registered with or supervised or regulated either by the BSP, SEC or IC
- Other identification document that can be verified using reliable, independent source documents, data, or information
2. Proof of billing (under your name & home address)
3. Presentation of additional documents for:
Minors
- Original and clear copy of PSA Birth Certificate
- For Guardian or Administrator: original and clear copy of the Court Order appointing them
Tax-Exempt Individuals
- Notarized Tax Exemption Affidavit executed by the applicant/depositor
- Certification of Tax Exemption issued by Revenue District Office (RDO)
Non-Resident individual and OFW
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens