Discover a chance to explore and evaluate precise deposit options. Using our platform to determine your ideal deposit and submit your application at no cost!

Find and compare before making decision

How can I be eligible for a deposit in the Philippines?

Age criteria

Applicants must be from 21 to 64 years old

Income requirements

Meeting the specific income criteria is essential, as you will have the essential resources to invest.

Employment Status

Applicants should have a job with a monthly stable income in order to make an investment.


Eligible applicants should either be Filipino residents or local resident foreigners with a valid Philippine billing address.

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Required documents

  • Government-issued ID
  • Other documents (optional):
  • Proof of income (Payslip, bank statement)
  • An employment contract

Have mobile phone number

Hold a valid TIN, SSS, GSIS, or UMID number in order to verify your identity and financial condition.

How to start on deposit?
Discover in just a few easy steps!


Compare deposit options

Simplify your deposit search by using Finmerkado to compare various options from different providers and products.


Choose your ideal match

Review the eligibility criteria before deciding to deposit. Select a deposit that aligns with your preferences and needs.


Apply online

Complete a deposit application form. Make sure to provide accurate and up-to-date information.


Complete your application

Provide essential information such as your age, income, employment.


Wait for result

If your application is approved, expect notification, and wait for your deposit to begin.

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Best time deposit rates

During times of economic uncertainty, in addition to monthly income from salary and work, many people often seek for additional avenues to increase their income. One of them is term deposit, a type of savings that many Fillippinos trust and choose. Term deposits have higher interest rates compared to standard savings accounts, helping depositors optimize profits on their idle money. Let's learn about this type of savings, as well as which banks have the best interest rates for savings deposits for people to choose from.

What is a Time deposit?

Savings deposits, also known as term deposits, are a type of finance offered by banks that caters to savers and investors alike. This is a type of savings where you deposit a fixed amount of money into a bank account for a specified duration, ranging from several months to a year or more. During the deposit period, the bank will pay you based on the fixed interest rate of the deposit.

Term deposits are considered as low-risk savings and investment options. Compared to stocks and investment funds, term deposits guarantee you will receive interest upon completion of the deposit period. Additionally, in the Philippines, term deposits enjoy an added layer of security as being guaranteed by the Philippine Deposit Insurance Corporation (PDIC) that their savings are insured up to PHP 500,000, giving depositors peace of mind about their savings.

What bank has the highest interest rate on term deposit?

To discover a secure haven for your term deposit in the Philippines, you need to consider the interest rate factor. Each bank will have a different interest rate, depending on the deposit time as well as changes in the financial market. Below, we've curated a compilation of banks offering the most enticing deposit interest rates in the Philippines.

Security Bank: 3.69%

PBCom: 3.875%

EastWest: 4.2%

PSBank: 4.5%

Metrobank: 4.25%

Which bank is the best for time deposit?

To be called the top-tier bank bank for term deposits, a financial institution needs to meet criteria such as offering competitive interest rates, providing a diverse range of deposit term options and maintaining flexibility in terms of minimum deposit requirements. Below is a list of the best banks for you to consider when it comes to term deposits.


Term: 35, 63, 91, 182 and 365 days

Interest rate: 0.25% - 0.75%

Minimum placement amount: PHP 50,000


Term: One to 12 months

Interest rate: Up to 4.25% for online time deposit

Minimum placement amount: PHP 10,000


Term: 30, 60, 90, 120, 180 and 360 days

Interest rate: 3% to 3.875%

Minimum placement amount: PHP 1,000 for regular time deposit; PHP 50,000 for sure earner time deposit


Term: Below 30 days, 30, 60, 90, 180, 365 days to 5 years

Interest rate: 2.125% to 3.75%, or 4.5%

Minimum placement amount: PHP 10,000 for Peso time deposit; PHP 50,000 for Peso prime time deposit


Term: 30 days to 5 years

Interest rate: 0.5% to 2.5%

Minimum placement amount: PHP 5,000 - PHP 100,000

Security Bank

Term: 30 days to 7 years

Interest rate: 2.92% to 4.19%

Minimum placement amount: PHP 100,000