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
  Individual Corporate / Government
Minimum Initial Placement US$1,000.00 US$1,000.00
Terms of Placement
Min. of 30 days up to max. of 360 days with roll-over option
Min. of 30 days up to max. of 360 days with roll-over option
Gross Interest Rate Per Annum
Based on prevailing market rates
Based on prevailing market rates
Evidence of Deposit Certificate of Time Deposit Certificate 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 Earned
15%
 
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.