Time Deposit
Step up toward your financial freedom.
If you have just started to consider investing, putting your funds in a time deposit account is a good way to start. BDO Time Deposit offers you that advantage by giving you a wide range of peso and dollar time deposit options that fits your lifestyle and saving goals.
| Product Name | Minimum Initial Placement | Terms of Placement | Pretermination | Withholding tax on interest earned |
|---|---|---|---|---|
| Peso Time Deposit | Php 1,000.00 | 30, 60, 90, 180, 360 Days | Subject to pretermination penalty | 20% |
| Dollar Time Deposit | USD 1,000.00 | 30, 60, 90, 180, 360 Days | Subject to pretermination penalty | 15%(1) |
(1) The revised Withholding Tax for Interest Earned is effective January 1, 2018.
A more detailed product listing is available in all BDO branches.
BDO EMV Debit Card
The BDO EMV Debit Card is the perfect banking companion wherever you go.
Opening a BDO Account is easy!
| Accepted IDs for Account Opening |
|
One (1) valid ID is acceptable if the ID is a Passport, Driver’s License, PRC ID, UMID, SSS ID, PhilySys ID or School ID (for minors).
Otherwise, please prepare at least two (2) valid IDs from the list. The chosen ID must be original and within their period of validity.
You may be asked to submit additional documents in compliance with bank regulatory requirements.
Deposits are insured by PDIC up to P500,000 per depositor.