Time Deposit Interest Rate

  

Security Bank Peso Time Deposit Security Bank allows a lock-in period up to 7 years. They offer an all-time high-interest rate at 5% when you deposit at least PHP 100,000 for 5 years!!!.for individual clients only. RMB New Fund Time Deposit Offers: up to 1.60% p.a. Available online; Foreign Exchange / Time Deposit New Fund Offers: Enjoy +1% p.a. Bonus rate on top of prevailing rates by converting and placing time deposit with HKD30,000 (or equivalent) or above with New Funds. (applicable to designated currency) Remark:The above interest.

Do you know that one of the easier ways of making your money work for you is by investing in a time deposit account? A time deposit account is an investment account and a type of savings account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period.

It is a safer investment option when compared to other investment types. Opening a time deposit account is both quick and easy and all you have to do is to deposit money into the account for a given period of time, for it to earn interest for you.

Below are reasons why you should open a fixed deposit account today:

RMB New Fund Time Deposit Offers: up to 1.60% p.a. Available online; Foreign Exchange / Time Deposit New Fund Offers: Enjoy +1% p.a. Bonus rate on top of prevailing rates by converting and placing time deposit with HKD30,000 (or equivalent) or above with New Funds. (applicable to designated currency) Remark:The above interest. Withholding tax on interest earned; Peso Time Deposit: Php 1,000.00: 30, 60, 90, 180, 360 Days: Subject to pretermination penalty: 20%: Premium Flexi Earner: Php 10,000.00: 5 years: Subject to pretermination penalty: Tax exempt if the placement is held until maturity. If preterminated, interest earned is subject to withholding tax: Dollar Time.

1. It encourages a savings habit as the money you deposit needs to be in the account for a period of time without you making any withdrawal.

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2. Investing in a time deposit account earns you a higher interest rate than depositing your money in a savings account.

3. You are assured of returns for your investment

4. The account helps to act as a fall back for your business in the event of a cash flow squeeze or can be used to meet your future cash requirements.

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5. Interest is payable at maturity; annually or monthly depending on the term you chose or you could use the money to buy assets if you want.

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6. You get to choose how long you want to invest your money in a fixed deposit account ranging from 30 days to three.

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7. You can choose to have more than one time deposit account if you want to save for different goals.