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Banks with the best time deposit rates


By: Marvin Germo | March 29, 2018

Time deposits are safe

If you are looking for an investment but afraid of the risk of losing money, then time deposit is just the right investment for you.

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What is a time deposit?

A time deposit is an interest-bearing form of bank deposit that has a specified time of maturity. It requires the customers to deposit a certain amount of money in a bank and wait for it to mature or earn interest without any withdrawals. Interest earnings are determined quarterly, monthly, or annually. Although the amount you deposited will be inaccessible until the end of your time deposit (withdrawing the amount before a specified period of time will incur certain penalties), you will still have regular cash-flow in the form of interest payments.

Leading banks

In the Philippines, there are a number of banks to consider if you want to make a time deposit. Although, for all banks it is common that your earnings are higher if you invest a higher amount for a longer period time, there are banks with relatively higher time deposit rates than others. Below is a list of the best banks to include in your bowl of choices if you ever think of putting your excess money in time deposit.

1 year (12 months) Time Deposit of Php100,000 (as of March 29, 2018)

  1. Security Bank Peso Time Deposit

  • Interest rate: 2.01%
  • Investment returns: Php1,608
  • Estimated payout: Php101,608
  1. EastWest Peso Time Deposit

  • Interest rate: 1.75%
  • Investment returns: Php1,400
  • Estimated payout: Php101,400
  1. PBCOM Regular Time Deposit

  • Interest rate: 1.50%
  • Investment returns: Php1,200
  • Estimated payout: Php101,200
  1. RCBC Regular Time Deposit

  • Interest rate: 1.38%
  • Investment returns: Php1,100
  • Estimated payout: Php101,100
  1. Maybank Classic Time Deposit

  • Interest rate: 1.25%
  • Investment returns: Php1,000
  • Estimated payout: Php101,000

      6. Security Bank Peso Time Deposit

  • Interest rate: 1.20%
  • Investment returns: Php960
  • Estimated payout: Php100,960

      7. Chinabank Diamond Savings

  • Interest rate: 1.00%
  • Investment returns: Php800
  • Estimated payout: Php100,800

     8. UnionBank Peso Time Deposit

  • Interest rate: 0.88%
  • Investment returns: Php700
  • Estimated payout: Php100,700

     9. Metrobank Peso Regular Time Deposit

  • Interest rate: 0.88%
  • Investment returns: Php704
  • Estimated payout: Php100,704

     10.CTBC Peso Time Deposit

  • Interest rate: 0.85%
  • Investment returns: Php680
  • Estimated payout: Php100,680

These are only the best choices depending on the interest rates. If you have other factors to consider, such as the proximity and accessibility of the bank to your home/workplace, then your options may vary. Furthermore, some banks sometimes offer promotions including a surge of their time deposit interest rates. You may also want to watch out for these. Of course if you want growth the stock market is still the best place where you can make your money grow over the long term. 

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I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
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