Savings Deposit

  • a deposit account for regular savings.
  • interest rate always starts at nearest date of saving.
  • can be withdrawn anytime
money, home, coin

Time Deposit

  • a deposit account for an amount with fixed term, the longer the term, the higher the interest rate that the depositor receives.
  • interet rate always starts at the date of placement of the time deposit.
  • generally withdrawn at its maturity date if preterminated, terms and conditions of TD applies. 

Depositors are insured by PDIC up to P500,000 per depositor