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.

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BDO Digital Banking

Sign up to access your account anytime, anywhere.
 

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Opening a BDO Account is easy!

 

 

                                    

 

Accepted IDs for Account Opening
  1. Passport (with English characters)
  2. Driver's License issued by LTO
  3. Professional Regulations Commission (PRC) ID
  4. Unified Multi- Purpose ID (UMID)
  5. Social Security System (SSS) ID
  6. Philippine Identification System (PhilSys) ID
  7. School ID (for minors)
  8. NBI Clearance
  9. PNP Clearance with dry seal
  10. Philippine Postal ID
  11. Voter's ID
  12. Tax Identification Number (TIN) ID
  13. Barangay Certification with dry seal
  14. Government Service and Insurance System (GSIS) ID
  15. PhilHealth ID
  16. Senior Citizen ID
  17. Overseas Workers Welfare Administration (OWWA) ID
  18. Overseas Filipino Workers (OFW) ID
  19. Seaman's Book
  20. Government Office and GOCC ID (e.g. AFP, HDMF)
  21. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  22. Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
  23. DSWD Certification
  24. Integrated Bar of the Philippines (IBP) ID
  25. Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
  26. Maritime Industry Authority  (MARINA) ID

 

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.

 

Click here to know about Terms and Conditions Governing Deposit Accounts.

 

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.