Security Bank Time Deposit

23.02.2021by
  1. Security Bank Time Deposit
  2. Bdo Time Deposit
  3. Security Bank Time Deposit Rate

Time deposits are safe

What are the new PHP Time Deposit (PHP TD) and USD Time Deposit (USD TD) being offered by Security Bank? These products simplify the previously offered time deposit (TD) products of the Bank by merging/consolidating them into these two time. July 24th, 2020 155 views 0 likes. Mar 29, 2018 What is a time deposit? A time deposit is an interest-bearing form of bank deposit that has a specified time of maturity. It requires the customers to deposit a certain amount of money in a bank and wait for it to mature or earn interest without any withdrawals. Interest earnings are determined quarterly, monthly, or annually. Security Bank Corporation is a proud member of BancNet Security Information Terms and Conditions Member: PDIC. Maximum Deposit Insurance for Each Depositor is P500,000. Mobile Check deposit is a service that allows a customer to submit a check to SBTC for deposit via their smartphone or tablet device. This is done by capturing an image of the front and back of the check (via the camera on the device) to be deposited and then submitting the image to SBTC via the device app.

If you are looking for an investment but afraid of the risk of losing money, then time deposit is just the right investment for you.

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What is a time deposit?

A time deposit is an interest-bearing form of bank deposit that has a specified time of maturity. It requires the customers to deposit a certain amount of money in a bank and wait for it to mature or earn interest without any withdrawals. Interest earnings are determined quarterly, monthly, or annually. Although the amount you deposited will be inaccessible until the end of your time deposit (withdrawing the amount before a specified period of time will incur certain penalties), you will still have regular cash-flow in the form of interest payments.

Leading banks

In the Philippines, there are a number of banks to consider if you want to make a time deposit. Although, for all banks it is common that your earnings are higher if you invest a higher amount for a longer period time, there are banks with relatively higher time deposit rates than others. Below is a list of the best banks to include in your bowl of choices if you ever think of putting your excess money in time deposit.

1 year (12 months) Time Deposit of Php100,000 (as of March 29, 2018)

  1. Security Bank Peso Time Deposit

  • Interest rate: 2.01%
  • Investment returns: Php1,608
  • Estimated payout: Php101,608
  1. EastWest Peso Time Deposit

  • Interest rate: 1.75%
  • Investment returns: Php1,400
  • Estimated payout: Php101,400
  1. PBCOM Regular Time Deposit

  • Interest rate: 1.50%
  • Investment returns: Php1,200
  • Estimated payout: Php101,200
  1. RCBC Regular Time Deposit

  • Interest rate: 1.38%
  • Investment returns: Php1,100
  • Estimated payout: Php101,100
  1. Maybank Classic Time Deposit

  • Interest rate: 1.25%
  • Investment returns: Php1,000
  • Estimated payout: Php101,000

6. Security Bank Peso Time Deposit

  • Interest rate: 1.20%
  • Investment returns: Php960
  • Estimated payout: Php100,960

7. Chinabank Diamond Savings

  • Interest rate: 1.00%
  • Investment returns: Php800
  • Estimated payout: Php100,800

8. UnionBank Peso Time Deposit

  • Interest rate: 0.88%
  • Investment returns: Php700
  • Estimated payout: Php100,700

9. Metrobank Peso Regular Time Deposit

  • Interest rate: 0.88%
  • Investment returns: Php704
  • Estimated payout: Php100,704

10.CTBC Peso Time Deposit

  • Interest rate: 0.85%
  • Investment returns: Php680
  • Estimated payout: Php100,680

These are only the best choices depending on the interest rates. If you have other factors to consider, such as the proximity and accessibility of the bank to your home/workplace, then your options may vary. Furthermore, some banks sometimes offer promotions including a surge of their time deposit interest rates. You may also want to watch out for these. Of course if you want growth the stock market is still the best place where you can make your money grow over the long term.

Security Bank Time Deposit

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Deposit Account Rates

Effective as of 10/01/2020. eRewards effective 11/01/2020, and all rates subject to change daily.

* APY = Annual Percentage Yield
* APY figured for longest term
* APY figured for daily balance ( the amount of principal in the account each day)
* Fees could reduce earnings
* The interest rate and annual percentage yield may change after account opening
** Specific qualifications must be met. Contact financial institution for details.
Account NameMinimum Balance Required to obtain APY*Interest RateAPY*
SaveUp Savings.11%.11%
Bump-up Rate :

Earn a higher interest rate when you set up a $10 minimum transfer each statement cycle from your ID Secure, eRewards, or ReBuild Checking account.

.21%.21%
eRewards Checking **
Tier One:If your average monthly balance is $10,000 or less, the interest rate paid on the entire balance in your account will be 1.00% with an Annual Percentage Yield (APY) of 1.00%.1.00%1.00%**
Tier Two:The interest rate that will be paid for only that portion of your balance that is greater than $10,000 will be 0.16%. The APY for this tier will range from 1.00% to 0.24%. If qualifications are not met within a statement cycle, you will earn an interest rate of 0.07% with an APY of 0.07% on the entire balance..16%.16%
Advantage Money Market Investment
Daily Balance of:0.00 to 9,999.99.11%.11%
10,000.00 to 24,999.99.16%.16%
25,000.00 to 49,999.99.26%.26%
50,000.00 to 99,999.99.36%.36%
100,000.00 and above.41%.41%
Health Savings Account
Daily Balance of:0.00 to 9,999.99.24%.24%
10,000.00 to 24,999.99.42%.42%
25,000.00 to 49,999.99.46%.46%
50,000.00 and above.53%.53%

Business Account Rates

Effective as of 10/01/2020 and all rates subject to change daily.

* APY = Annual Percentage Yield
* APY figured for longest term
* APY figured for daily balance ( the amount of principal in the account each day)
* Fees could reduce earnings
* The interest rate and annual percentage yield may change after account opening
** Specific qualifications must be met. Contact financial institution for details.
Account NameMinimum Balance Required to obtain APY*Interest RateAPY*Learn More About :
Business Savings.11%.11%
Business Money Market Account
Daily Balance of:0.00 to 999.99.11%.11%
1,000 to 9,999.99.11%.11%
10,000.00 to 24,999.99.16%.16%
25,000.00 to 49,999.99.21%.21%
50,000.00 and above.31%.31%
Security Interest Business Checking.11%.11%
Security Platinum Business Investment Account
Daily Balance of:0.00 to 24,999.99.11%.11%
25,000.00 to 49,999.99.26%.26%
50,000.00 to 99,999.99.36%.36%
100,000.00 and above.41%.41%

IRA Savings Account Rates

IRA Rate Effective 10/01/2020. All rates subject to change daily. 888 gold tokens.

Security Bank Time Deposit
Individual Retirement AccountMinimum Balance Required to Obtain APY*Interest RateAPY*
IRA$1,000.00.69%.69%

Certifcate of Deposit Rates
Certificates of Deposit Rates Effective as of 10/19/2020. All rates subject to change daily.

Bdo Time Deposit

Certificates of Deposit & IRAMinimum Balance Required to Obtain APY*Interest RateAPY*
31-90 Days CD$1,000.000.14%0.14%
91-181 Days CD$1,000.000.18%0.18%
182-364 Days CD$1,000.000.29%0.29%
12-17 Months CD$1,000.000.41%0.41%
18-23 Months CD$1,000.000.44%0.44%
24-35 Months CD$1,000.000.57%0.57%
36-47 Months CD$1,000.000.91%0.91%
48-60 Months CD$1,000.001.04%1.04%
* APY = Annual Percentage Yield
* APY figured for longest term
* APY figured for daily balance ( the amount of principal in the account each day)
* A penalty will be imposed for early withdrawal

Have more questions?

Call or stop in your local branch to find a rate to fit your needs.

Security Bank Time Deposit Rate

Here are some easy-to-use online calculators to help you solve some common financial problems.

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