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.

For individual clients:

  • Completely filled-out bank forms
    • Customer Information Sheet (CIS) for Individual Clients
    • Signature Card
    • Signing Instructions and Acknowledgement of Receipt Form

  • Presentation of at least one Valid / Acceptable ID with photo and signature
    •  List of Valid Government - Issued IDs:
      • Digitized Non-Professional / Professional Driver's License
      • Digitized Postal ID, As issued by the Philippine Postal Corporation (PPC)
      • Digitized Social Security System (SSS)
      • Digitized Unified Multi-Purpose ID (UMID)
      • Government Service Insurance System (GSIS) E-card
      • Overseas Workers Welfare Administration (OWWA) Overseas Filipino Workers (OFW) E-Card
      • Person with Disability (PWD) ID (still subject for approval)
      • Philippine Government Issued Passport
      • Philippine Identification / National ID
      • Professional Regulation Commission (PRC) License
      • Seafarer's Identification and Record Book (Seaman's Book), as issued by the Department of Transportation Maritime Industry Authority
      • Senior Citizen ID
      • Special Resident Retiree's VISA or SRRV Card (In Lieu of ACR / ACR I-Card)
      • Voter's ID

  • Presentation of Tax Identification Number (TIN)

For corporate clients:

  • Completely filled-out bank forms
    • Customer Information Sheet (CIS) for Corporate Clients and Other Entities
    • Customer Information Sheet (CIS) for Authorized Signatories of Corporate Accounts
    • Signature Card
    • Signing Instructions and Acknowledgement of Receipt Form
    • Customer Information Sheet (CIS) for Beneficiaries and Beneficial Owners (for each director, partner, stockholder owning at least 20% of the voting stock, and other beneficial owners, if applicable)

  • Presentation of at least one Valid / Acceptable ID with photo and signature

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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