How is my interest calculated?

All interest earnings will be subject to 20% withholding tax. Please refer to the sample computation below for Time Deposit Accounts on a 12-month term.

Your interest will be paid as a lump sum at the end of the Time Deposit term which for this example, will be paid at the end of the 12-month term.

Deposit Amount – ₱600,000
    •    Interest Earned (6%): ₱36,000
    •    Net Interest (after 20% tax): ₱28,800

Deposit Amount – ₱1,000,000
    •    Interest Earned (6%): ₱60,000
    •    Net Interest (after 20% tax): ₱48,000

Deposit Amount – ₱2,000,000
    •    Interest Earned (6%): ₱120,000
    •    Net Interest (after 20% tax): ₱96,000