4.25% for 5 years


The fastest way to save. Earn 4.25% interest for 5 years, tax-free, for as low as 50,000.

4 .25 %

We hope you like our rates


By keeping our business simple, we are able to give you the best rates.

Opening a high yield TD


For opening requirements and product features, click here.

 
At CitySavings, we want you to get the most out of your money. That's why we make it a point to give you the highest
interest rates in the market. And the best part? Our high-yield time deposits are tax-free for individuals.
 


High Yield


Our high-yield time deposits assure that you also get the highest returns tax-free.Choose between these terms: 

4 .50 %

4.25% for 5 years & 1 day

Minimum: 50,000 pesos


4.50% for 5 years & 1 day

Minimum: 10M pesos
 

Interest is credited monthly in your chosen channel account, whether it be checking or savings. However, we highly advise that you open a savings account with us (passbook or ATM) so that interest crediting is easier.

Principal is withdrawable at maturity.

 


Medium-term


2 .750 %

Not tied up to your money, you get to choose your return on your preferred term.



2.750% for 1 & 1/2 years or 3 years

Minimum: 1M pesos

Interest is credited monthly in your chosen channel account, whether it be checking or savings. However, we highly advise that you open a savings account with us (passbook or ATM) so that interest crediting is easier.

Principal is withdrawable at maturity.

Short-term


1 .625 %

Little by little,
watch your money
grow.
  



1.50% for 30 days to 1 year

Minimum: 50,000 pesos
  

1.625% for 30 days to 1 year

Minimum: 250,000 pesos

Interest is credited monthly in your chosen channel account whether it's checking or savings. However, we highly advise that you open a savings account with us (passbook or ATM) so that interest crediting is easier.

Principal is withdrawable at maturity.


 

Amount 30 days 60 days 90 days 180 days 1 year 1 & 1/2 years 3 years 5 years
(tax-free*)
50,000 - 99,999.99 1.500% 1.500% 1.500% 1.500% 1.500% 2.750% 3.000% 4.250%
100,000 - 249,999.99 1.500% 1.500% 1.500% 1.500% 1.500% 2.750% 3.000% 4.250%
250,000 - 999,999.99 1.625% 1.625% 1.625% 1.625% 1.625% 2.750% 3.000% 4.250%
1M - 5,999,999.99 1.875% 1.875% 1.875% 1.875% 1.875% 2.750% 3.000% 4.250%
6M - 9,999,999.99 2.000% 2.000% 2.000% 2.000% 2.000% 2.750% 3.000% 4.250%
10M up - 249,999,999.99 2.250% 2.250% 2.250% 2.250% 2.250% 2.750% 3.000% 4.500%
250M up 2.500% 2.500% 2.500% 2.500% 2.500% 2.750% 3.000% 4.500%

Note:
Rates effective July 5, 2014. Subject to change without prior notice.
*Corporate accounts are taxable.

  • 1. What are the terms/tenors available?

    Our available terms are

         - high-yield (5 years & 1 day)

         - medium-term (1 & 1/2 years, 3 years)

         - short-term (30, 60, 90, 180 days, 1 year)

  • 2. What are the rates?

     
    Amount 30 days 60 days 90 days 180 days 1 year 1 & 1/2 years 3 years 5 years
    (tax-free*)

    50,000 – 99,999.99

    1.500% 1.500% 1.500% 1.500% 1.500% 2.750% 3.000% 4.250%
    100,000 – 249,999.99 1.500% 1.500% 1.500% 1.500% 1.500% 2.750% 3.000% 4.250%
    250,000 – 999,999.99 1.625% 1.625% 1.625% 1.625% 1.625% 2.750% 3.000% 4.250%
    1M – 5,999,999.99 1.875% 1.875% 1.875% 1.875% 1.875% 2.750% 3.000% 4.250%
    6M – 9,999,999.99 2.000% 2.000% 2.000% 2.000% 2.000% 2.750% 3.000% 4.250%
    10M - 249,999,999.99 2.250% 2.250% 2.250% 2.250% 2.250% 2.750% 3.000% 4.500%
    250M up 2.500% 2.500% 2.500% 2.500% 2.500% 2.750% 3.000% 4.500%

    Rates effective July 5, 2014. Subject to change without prior notice.
    *Corporate accounts are taxable.

  • 3. Is the interest taxable or not?

    Our high yield time deposits (5 years & 1 day) are not taxable, so you're sure to get more from these investments.
    Short- and medium-term deposits are taxable by 20%. Corporate accounts are taxable (all terms) unless you can provide a
    BIR certification that your company is tax-exempt.

  • 4. How often will the interest be credited?

    For our high-yield terms (5 years & 1 day), interest will be credited monthly.
    For all other terms, interest will be credited upon maturity.  

  • 5. For high-yield terms with monthly interest payout, will interest be credited during monthly anniversary or every month-end?

    Your interest will be credited every monthly anniversary.  

  • 6. Will the interest be compounded?

    No, compounding is not part of our time deposit's features.  

  • 7. Where will my interest be credited?

    Interest will be credited in your chosen channel account, whether it's checking or savings. However, we highly advise that you open a savings account with us (passbook or ATM) so that interest crediting is easier.  

  • 8. Can you provide the interest payment schedule?

    Yes, we can give it to you upon request.  

  • 9. What are the penalties if I pre-terminate?

     
    Amount 30 days

    30, 60, 90 days

    • Interest shall earn savings rate from date opened/date of extension
    • Documentary stamps will be charged to the client
    1, 1 & 1/2, 3 years
    • Interest shall earn savings rate from date opened
    • Documentary stamps will be charged to the client
    5 years & 1 day
    • Interest shall earn savings rate from date of last interest payment to pre-termination date
    • Pre-termination penalty on total interest paid based on the following matrix:
      Less than 2 years 40%
      2 years to less than 3 years 35%
      3 years to less than 4 years 25%
      4 years to less than 5 years 15%
    • On final tax due, tax shall be charged & collected from the client based on the total interest paid as follows:
      Less than 3 years 20%
      3 years to less than 4 years 12%
      4 years to less than 5 years   5%
    • Documentary stamps shall be charged to the client
  • 10. How long does it take to get my time deposit certificate?

    You can get it right after opening your time deposit with us.  

  • 11. What are the requirements in opening a time deposit?

    For individuals, just drop by our office bringing your deposit and two valid IDs, one of which needs to be government-issued and bears your photo.
    For corporate accounts, please bring the following:
          - SEC Registration
          - Secretary Certificate / Board Resolution stipulating signatories
          - Valid IDs of the signatories (at least two per signatory, preferably government-issued)
          - Articles of Incorporation
          - By-Laws
          - Latest General Information Sheet
          - Duly signed signature cards 

  • 12. Who can I talk to?

    Our Sales, Deposits and Treasury teams will be most willing to assist you. You may reach us through the phone numbers indicated below or simply email us at simpleisgood@citysavings.com.ph.

    Sales Team - Ortigas

    (02) 380-4091
    (02) 584-9091
    Iriz One Corporate Center, #35 Meralco Avenue corner Segundo St.
    Ortigas Business District, Pasig City, Metro Manila

    Deposits / Cash Services Team - Head Office (Cebu City)
    (032) 412-1804 to 05
    (032) 253-3330
    Osmeña Boulevard corner P. Burgos St.
    Cebu City

    Treasury Team - Head Office (Cebu City)
    (032) 253-3372
    (032) 412-1747 local 227
    Osmeña Boulevard corner P. Burgos St.
    Cebu City  

  • 13. I'm located far from any of your branches. Where can I go?

    Only our full branches offer deposit products. However, you can go to our extension offices and we will help facilitate your transaction with our nearest full branch.


     

ATM


atm

Too busy to wait for the cashier? With our minimum requirement of P500 to enjoy full ATM services, you can be assured that your cash is at your disposal without having to carry it around.

 

>> I want to open an ATM account

Other savings accounts


open high yield TD

Click here to know more about our other savings account to suit your needs.


Other Savings Accounts

Regular Checking

    •  
    • Current Account - Regular Personal
    • Initial opening - P 5,000
    • Maintaining balance - P 3,000

    • Current Account - Regular Corporate
    • Initial opening - P 10,000
    • Maintaining balance - P 5,000

    Interest-bearing Checking

    •  
    • Checking Plus - Individual
    • Initial opening - P 5,000
    • Maintaining balance - P 5, 000
    • Balance to earn interest - P 10,000

    • Checking Plus - Corporate
    • Initial opening - P 10,000
    • Maintaining balance - P 10,000
    • Balance to earn interest - P 50,000
    •  

Regular Savings

  •  
    • Initial and maintaining balance - P 500
    • Balance to earn interest - P 1,000


Automatic Transfer Account Savings


An interest-earning savings account linked to a current account, withdrawable either through a withdrawable slip or debit transfer to conduit current account

ATM Payroll

  •  
    • Initial & maintaining balance - P 100
    • Balance to earn interest - P 2,000

  • An interest earning payroll-savings account withdrawable on demand through any BancNet or Megalink accredited ATM. Interest is posted at the end of the month.