The PSBank Prime Time Deposit is a high-yielding account. For an initial deposit of only PhP50,000 and a minimum term of five years, you can enjoy great returns. Furthermore, this high-interest time deposit account lets you enjoy a tax break, which makes it more rewarding.

Stop worrying about your finances. Open a PSBank Prime Time Deposit account with us to live a life of comfort, security, and convenience. All you have to do is fill out our account opening form and submit the necessary documents. With PSBank, it’s that simple!

Open an account at any branch and enroll in PSBank Online and PSBank Mobile.  Experience secure and convenient 24/7 e-banking facilities that offer delightful banking moments.

* This product is for individual accounts only.

Initial Deposit / Placement


Minimum Term

Five years

Evidence of Deposit

Confirmation Advice

Interest Rate

Click here for the prevailing interest rates

Interest Crediting

Monthly crediting to a specified checking account or savings account:

  • Personal Savings Account:
    • Passbook: PhP100 initial deposit
    • ATM: PhP100 initial deposit
Personal Checking Account: PhP5,000 initial deposit
  • Guaranteed high return on investment upon maturity of the placement

  • Tax break since placement is tax-free after five years

  • Comes with a credit facility of up to 90% of total placement

  • 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

Not subject to withholding tax



Penalty + Withholding Tax of the total interest income + Documentary Stamp Tax (DST) of PhP1.50 for every PhP200 and a fraction thereof 

Less than 1 year

50% of the total interest income + 20% Withholding Tax  + DST

1 year to less than 2 years

40% of the total interest income +20% Withholding Tax +DST

2 years to less than 3 years

30% of the total interest income + 20% Withholding Tax + DST

3 years to less than 4 years

20% of the total interest income + 12% Withholding Tax + DST

4 years to less than 5 years

10% of the total interest

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.

  • 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 primary ID or two valid secondary IDs, one of which with photo and signature


For more information:


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

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