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Fixed Deposit

A fixed deposit is an investment account where money is deposited for a fixed period and the interest rate does not change during the investment term.

What does it offer me?

  • Higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal
  • Minimum account opening deposit of P1,000
  • You can choose when you want your investment to mature
  • The interest rate is fixed for the full investment period
  • No transactions are allowed
  • Interest is paid monthly, quarterly, annually or on maturity.

 

What do I need to apply?

Visit your nearest branch with the following documents:

  • Typed resolution by board of directors asking to open account and stating signatories. To be signed by directors and signed and stamped by Company Secretaries
  • Financial statements.

 
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