TIME DEPOSIT

Make your investments work for you. Open a high-yield deposit with us.



Fixed Rate Time Deposit Account

A time deposit where the Interest earned is fixed depending on the selected Term/Tenure.

Amount 30 - 59 days 60 - 89 days 90 - 179 days 180 - 359 days 1 year 1 & 1/2 years or
18 months		 2 years 3 years 4 years 5 years and 1 day
Subject to 20% tax * tax free
50,000 - 99,999.99 2.100% 2.100% 2.150% 2.200% 2.300% 2.350% N/A N/A N/A N/A
100,000 - 249,999.99 2.150% 2.150% 2.200% 2.250% 2.350% 2.400% 2.750% 3.500% 3.500% N/A
250,000 - 999,999.99 2.200% 2.200% 2.250% 2.300% 2.400% 2.450% 2.750% 3.750% 3.750% 4.000%
1M - 5,999,999.99 2.250% 2.250% 2.300% 2.350% 3.450% 3.500% 3.500% 4.000% 4.000% 4.250%
6M - 9,999,999.99 2.300% 2.300% 2.350% 2.400% 3.500% 3.550% 3.750% 4.250% 4.250% 4.500%
10M - 249,999,999.99 2.550% 2.550% 2.600% 2.650% 3.750% 3.875% 3.875% 4.375% 4.500% 5.000%
Amount 30 - 59 days 60 - 89 days 90 - 179 days 180 - 359 days 1 year 1 & 1/2 years or
18 months		 2 years 3 years 4 years 5 years and 1 day
Subject to 20% tax * tax free
250,000,000.00 and above 2.750% 2.750% 2.800% 2.850% 4.000% 4.125% 4.250% 4.375% 4.500% 5.000%

* Corporate accounts are taxable

Rates are subject to change without prior notice.

For corporate and institutional accounts, contact the Treasury Marketing Unit at csb.tmu@citysavings.com.ph



Floating Rate Time Deposit Account

A time deposit where the interest earned is based on the prevailing RRP rate of the Bangko Sentral ng Pilipinas + 0.5%.
The interest earned is given on the selected payment schedule either monthly or quarterly, upon the tenor or term of the placement.

Amount 2 years 3 years 4 years 5 years + 1 day
Subject to 20% Tax * tax free
100,000 - 249,999.99 6.5000% N/A
250,000 over 6.5000%

* Corporate accounts are taxable

Rates are subject to change without prior notice.

For corporate and institutional accounts, contact the Treasury Marketing Unit at csb.tmu@citysavings.com.ph



The bank reserves the right to amend the following details at any time if so required by law or any new rule or regulation promulgated by any regulatory agency such as but not limited to the Bangko Sentral ng Pilipinas, Philippine Deposit Insurance Corporation and the Bureau of Internal Revenue, without need of prior or subsequent notice to the depositor.

1. What are the terms/tenors available?

Fixed Rate Time Deposit:
  • long-term (5 years & 1 day)
  • medium-term (1 & 1/2 years, 2, 3, 4 years)
  • short-term (30, 60, 90, 180 days, 1 year)
Floating Rate Time Deposit:
  • long-term (5 years & 1 day)
  • medium-term (2, 3 or 4 years)

Please refer to the table above.

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.

Interest will be credited depending on the anniversary of your selected pay-out schedule upon opening of the Time Deposit Account.

Interest pay-out schedule may either be Monthly or Quarterly.

No. Since the interest is paid out monthly, it cannot be compounded.

Interest will be credited to a checking or savings account nominated by the depositor.

Yes, we can give it to you upon request.

Term Fixed Rate Time Deposit
30, 60, 90 days
  • Interest shall earn savings rate from date opened/date of extension
  • Documentary stamps shall be charged to the client if pre-terminated within 1 year
1, 1 & 1/2 years
  • Interest shall earn savings rate from date opened
  • Documentary stamps shall be charged to the client if pre-terminated within 1 year
2, 3, 4 years
  • Pre-termination penalty on total interest paid based on the following matrix:

    • TERM(YEARS)
    Pre-termination 2 years 3 years 4 years
    less than 2yrs 15% 25% 35%
    2yrs to less than 3yrs 15% 25%
    3yrs to less than 4yrs 15%

  • Documentary stamps shall be charged to the client if pre-terminated within 1 year
5 years & 1 day
  • 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 if pre-terminated within 1 year
Term Floating Rate Time Deposit
2, 3, 4 years
  • No pre-termination penalty on total interest paid
  • Documentary stamps shall be charged to the client if pre-terminated within 1 year
5 years + 1 day
  • No pre-termination penalty on total interest paid
  • 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 if pre-terminated within 1 year

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

For individuals, just drop by our office and bring your deposit and two valid IDs, one of which needs to be government-issued with signature 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

Our 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.

Treasury Team – Ortigas Corporate Office
(032) 411-8500 loc. 2302
29th Flr. Union Bank Plaza, Meralco Ave. cor. Onyx & Sapphire Sts.
Ortigas Center, Pasig City

Deposits / Cash Services Team - Head Office (Cebu City)
(032) 411-8500 loc. 2804
(032) 411-8527
City Savings Financial Plaza cor. Osmeña Boulevard corner P. Burgos St.
Cebu City

Deposits are insured by PDIC up to P500,000 per depositor.