DEPOSIT RATES

Last updated : Wednesday, April 18, ‎2017

4:00 PM, (GMT +08:00) Philippines

 


CURRENT & SAVINGS ACCOUNTS

SAVINGS & CHECKING Accounts*
Description
Rate Per Annum
NEO Savings Account0.375%
Solo Savings Account0.50%
Duo Checking Account
0.25%
Solo Dollar Savings Account
0.25%
Solo Yuan Savings Account
0.15%
Bayani OFW Savings 1.00%


 









 


*EFFECTIVE MAY 1, 2013, ABOVE INTEREST RATES WILL APPLY.



TIME DEPOSITS


Prima Time Deposits
 

Time Deposit
Number of Months
1
2-3 4-67-9
10-12

1,000 - 99,999

0.875%

1.125%

1.250%

1.250%

1.250%

100,000 - 499,999

1.000%

1.250%

1.250%

1.250%

1.375%

500,000 - 1,999,999

1.625%

1.625%

1.625%

1.625%

1.750%

2,000,000 - 4,999,999

1.750%

1.875%

1.875%

1.875%

2.000%

5,000,000 and above

2.125%

2.125%

2.250%

2.375%

2.375%

Solo Savings Plus
 

Time Deposit
Number of Months
1
2-3 4-67-9
10-12

500,000 - 1,999,999

1.625%

1.625%

1.625%

1.625%

1.750%

2,000,000 - 4,999,999

1.750%

1.875%

1.875%

1.875%

2.000%

5,000,000 and above

2.125%

2.125%

2.250%

2.375%

2.375%

Prima Dollar Time Deposits



$
Time Deposit
Number of Months
1
23-45-6
7-9
10-12

1,000 - 9,999

0.625%

0.625%

0.750%

0.750%

1.000%

1.250%

10,000 - 19,999

0.750%

0.750%

0.875%

0.875%

1.125%

1.250%

20,000 - 49,999

0.875%

0.875%

1.000%

1.000%

1.250%

1.375%

50,000 - 99,999

1.125%

1.125%

1.250%

1.250%

1.375%

1.500%

100,000 and above

1.375%

1.375%

1.375%

1.375%

1.500%

1.500%


Pretermination Penalty:

If pre-terminated within the first half of the term, interest rate shall be reduced to 25% of the stipulated rate, or the prevailing savings account rate, whichever is higher.

If pre-terminated within the second half of the term, interest rate shall be reduced to 50% of the stipulated rate, or the prevailing savings account rate, whichever is higher.





LONG TERM DEPOSIT


Prima Plus

Time Deposit

1 Year Fixed

25,000 - 49,999

1.250%

50,000 - 99,999

1.250%

100,000 - 499,999

1.375%

500,000 - 999,999

1.750%

1,000,000 - 1,999,999

1.750%

2,000,000 - 2,999,999

2.000%

3,000,000 - 4,999,999

2.000%

5,000,000 - 9,999,999

2.375%

10,000,000 and above

2.375%

Maxima 3 Long Term Deposits

Time Deposit3 Years Fixed

25,000 - 49,999

2.250%

50,000 - 99,999

2.500%

100,000 - 249,999

2.625%

250,000 - 499,9992.750%

500,000 - 999,999

2.875%

1,000,000 - 2,499,999

3.050%

2,500,000 - 4,999,9993.125%
5,000,000 and above3.250%

Maxima 5 Long Term Deposits

Time DepositFixed

25,000 - 49,999

2.375%

50,000 - 99,999

2.625%

100,000 - 249,999

2.750%
250,000 - 499,9992.875%

500,000 - 999,999

3.000%

1,000,000 - 2,499,999

3.125%
2,500,000 - 4,999,9993.375%
5,000,000 and above3.500%
 


Pretermination Penalty:
If pre-terminated within the first half of the term, interest rate shall be reduced to 25% of the stipulated rate, or the prevailing savings account rate, whichever is higher.

If pre-terminated within the second half of the term, interest rate shall be reduced to 50% of the stipulated rate, or the prevailing savings account rate, whichever is higher.






Pretermination Penalty = Agreed Rate x (Days Lapsed/Agreed Term)


if Preterminated within first year

Interest Rate = Principal x Preterm Int. Rate x (Days lapsed/360) x (1 - W.tax) - DST





Withholding Tax Schedule:

If preterminated after
Tax Rate
4 years to less than 5 years
3 years to less than 4 years
2 years to less than 3 years
1 year to less than 2 years
less than 1 year
5%
12%
20%
20%
20%












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