US Dollar Time Deposit | Open an account

Why choose US Dollar Time Deposit

Affordable Investment

Start investing at $1,000.

Flexible Terms

Choose from 30, 60, 90, 180, or 360-day terms.

Higher Interest Rates

Earn more than a regular dollar savings account.

Features and fees

Minimum Initial Placement

$1,000

Terms of Placement

30, 60, 90, 180, 360 Days

Proof of Ownership

Certificate of Dollar Time Deposit

Withholding tax on interest earned

15%

Subject to pretermination penalty

Interest rate per annum

$1,000 to below 10,000

30-90 days - 0.05%

180-360 days - 0.10%

$10,000 to below 50,000

30-90 days - 0.05%
180-360 days - 0.10%

$50,000 to below 100,000

30-90 days - 0.05%
180-360 days - 0.10%

$100,000 to below 500,000

30-90 days - 0.05%
180-360 days - 0.10%

$500,000 to below 10 Million

30-90 days - 0.10%
180-360 days - 0.15%

Over $10 Million

30-90 days - 0.10%
180-360 days - 0.15%

Note: Interest rates are indicative and are subject to change without notice. Please confirm with branch upon making placements.

Open an account today

Download Forms

Fill out and print the account opening forms before going to a BDO branch.

Visit a Branch

Open an account at a branch near you.

Account opening process

Branch:

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Step 1

Fill out and print the account opening forms.

Step 2

Prepare the minimum initial deposit and valid ID.

Step 3

Visit the nearest BDO branch.

Accepted IDs for account opening

Passport (with English characters)
Driver's License issued by LTO
Professional Regulations Commission (PRC) ID
Unified Multi-purpose ID (UMID)
Social Security System (SSS) ID
Philippine Identification System (PhilSys) ID
School ID (for minors)
NBI Clearance
PNP Clearance with dry seal
Philippine Postal ID
Voter's ID
Tax Identification Number (TIN) ID
Barangay Certification with dry seal
Government Service and Insurance System (GSIS) ID
PhilHealth ID
Senior Citizen ID
Overseas Workers Welfare Administration (OWWA) ID
Overseas Filipino Workers (OFW) ID
Seaman's Book
Government Office and GOCC ID (e.g. AFP, HDMF)
Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
Person with Disability (PWD) ID issued by National Council on Disability Affairs (NCDA)
DSWD Certification
Integrated Bar of the Philippines (IBP) ID
Company IDs issued by private entities registered with or supervised or regulated either by BSP, SEC or IC
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.
You may be asked to submit additional documents in compliance with bank regulatory requirements

Deposits are insured by PDIC up to P1 Million per depositor.

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