The PSBank Peso Time Deposit helps clients do more with their money. For a low initial time deposit amount, clients can gain better profit in as fast as 30 days.
There are many ways to let your money grow. PSBank understands that for many Filipinos, putting their money into a savings account is the most popular option to save and earn interest. To make the most of your money, we are offering a better and convenient way to save.

Unlike a regular savings account, the PSBank Peso Time Deposit fixed-term account that enables you to receive higher interest rates within a short period of time. For a minimum placement of PhP10,000, you can earn within 30, 60, or 90 days. To help manage your account better, we will remind you of your account maturity and offer an automatic rollover of placement.

With PSBank, making your money grow has never been this simple.

Open an account at any branch nearest you or at the comfort of your home using  PSBank Mobile App.  

Click here to know more about PSBank Mobile Time Deposit Placement.


Initial Deposit / Placement



30, 60, and 90-day

Evidence of Deposit

Confirmation Advice

Interest Rate

Click here for the prevailing interest rates


  • Higher yields compared to regular savings account, depending on the amount and term of placement

  • Option to have an automatic roll-over of placement upon maturity

  • Option to have settlement current or savings account

  • SMS reminders to client regarding account maturities

  • Enrollment in PSBank Online and PSBank Mobile, the Bank's secure and convenient electronic banking facilities, allows you to check your account balances anytime, anywhere

Withholding tax on interest earnings

Interest earnings subject to 20% withholding tax

Pre-termination charges

Penalty + Withholding Tax + Documentary Stamp Tax

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

I.  Completely filled-out bank forms:

  1. Customer Information Sheet
  2. Specimen Signature Card
  3. Signing Instructions and Acknowledgement Receipt Form

II. Valid IDs: At least one (1) Primary ID or two (2) Secondary IDs

  • Primary IDs: 
    1. PhilID and various formats of PhilSys Digital ID / e-PhilID
    2. Philippine Passport
    3. Digitized Driver’s License (Professional or Non-Professional) ID
    4. Digitized Postal ID
    5. Professional Regulations Commission (PRC) ID
    6. Digitized Social Security System (SSS) ID
    7. Digitized Unified Multi-Purpose ID (UMID)
    8. Digitized Voter’s ID
    9. Digitized Overseas Workers Welfare Administration (OWWA) or Overseas Filipino Worker (OFW) ID
    10. Government Service Insurance System (GSIS) E-Card
    11. Digitized Pag-ibig Loyalty Card
    12. Digitized Tax Identification Number (TIN) ID or Digital TIN ID Generated Online (eTIN ID)
    13. Digitized Firearms License ID
    14. Integrated Bar of the Philippines (IBP) ID
    15. Digitized Seaman or Seafarer’s Book
    16. Photo-bearing School ID Signed by the Principal or Head of School with Birth Certificate Issued by Philippine Statistics Authority (PSA)

  • Secondary IDs:
    1. Senior Citizen ID
    2. Person with Disability (PWD) ID
    3. Non-Digitized Voter’s ID
    4. Non-Digitized Postal ID
    5. National Bureau of Investigation (NBI) Clearance
    6. Barangay Clearance Certificate / ID
    7. Police Clearance Certificate / ID
    8. Company ID Issued by Private Entities Registered or Regulated by Bangko Sentral ng Pilipinas (BSP) / Securities and Exchange Commissions (SEC) / Insurance Commission (IC)
    9. Photo-Bearing and Signature-Bearing Student Driver’s Permit / License
  • If Foreign National:
    1. Passport Issued by Country of Origin; AND
    2. Alien Certificate of Registration (ACR) ID or Special Resident Retiree’s Visa ID

For ACR, the Visa Status may either be (a) Permanent Resident or Temporary Resident or (b) Immigrant or Non-Immigrant Visa only.

  • Additional ID Requirements for Mainland Chinese National:
    1. Resident Identity Card (RIC) issued by Chinese Government

  • Filipinos who are also Foreign Nationals:
    1. ID Requirements for Filipino Citizens; OR
    2. ID Requirements for Foreign Nationals
  • For Corporation and Other Entities:
    1. SEC Certificate of Registration
    2. Secretary’s Certificate or Board Resolution
    3. Articles of Incorporation
    4. By-Laws
    5. General Information Sheet
    6. Secondary License
  • For Single Proprietorship:
    1. DTI Certificate of Registration
    2. Mayor’s or Business Permit
    3. Secondary License

A cooling-off period of two (2) banking days is granted from the date of account opening. During the cooling-off period, the Account Holder may cancel or terminate the account without penalties, by submitting a written notice to the Bank. The Bank, however, reserves the right to deduct the documentary stamp and other taxes due thereon, if any, and collect reasonable processing, closure / pre-termination, and administrative fees when applicable, to cover the costs incurred during account opening.  The cooling-off period is available for financial consumers who are individuals, or micro and small enterprises as defined in applicable DTI regulations.

To open a Peso Prime Time Deposit account via PSBank Mobile, you simply need to:

  1. Log-in to PSBank Mobile App
  2. Go to “View My Accounts”
  3. Select “Create a Transaction”
  4. Select “Place / Open Time Deposit”
  5. Select your source account
  6. Input the amount you want to place, then click the “Proceed” button
  7. Choose from 30, 60, 90 days term and provide your maturity payout instruction
  8. Review the details then click on the “Submit” button

For more information:


General Provisions on Deposits and Other Products / Services


* Deposits are insured by PDIC up to PhP500,000 per depositor.

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