US Dollar Time Deposit

  • A form of US  Dollar deposit earning an interest rate higher than savings account rate.
  • Interest rate is determined based on the amount and term of deposit.
  • This account is withdrawable at maturity and is evidenced by a Certificate of Time Deposit

 

Product Features
 IndividualCorporate / Government
Minimum Initial PlacementUS$1,000.00US$1,000.00
Terms of PlacementMin. of 30 days up to max. of 360 days with roll-over optionMin. of 30 days up to max. of 360 days with roll-over option
Gross Interest Rate Per AnnumBased on prevailing market ratesBased on prevailing market rates
Evidence of DepositCertificate of Time DepositCertificate of Time Deposit


 

Fees and Charges
 Amount / Rate
Replacement of Lost FCDU-CTD₱200.00
Certification Fee₱200.00 plus ₱30.00 (documentary stamps)
Withholding Tax of Interest Earned15%
 
Benefits to Clients
  • Higher yields than the Dollar Savings Account rate
  • Automatic renewal of placement on client’s instruction

 

Requirements
  • Completely filled-out bank forms
  • Customer Information Sheet (CIS) for Individual Clients
  • Signature Card
  • Presentation of at least one primary ID or two valid secondary IDs, one of which with photo and signature

 

Contact Information

For more information, please feel free to call or visit your nearest or preferred OF Bank Branch.