TIME DEPOSIT

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

Amount 30 days 60 days 90 days 180 days 1 year 1 & 1/2 years or
18 months
3 years 5 years and 1 day
20% tax 20% tax 20% tax 20% tax 20% tax 20% tax 20% tax * tax free
50,000 - 99,999.99 1.250% 1.250% 1.250% 1.250% 1.250% 1.375% 1.500% 4.250%
100,000 - 249,999.99 1.375% 1.375% 1.375% 1.375% 1.375% 1.500% 1.625% 4.250%
250,000 - 999,999.99 1.500% 1.500% 1.500% 1.500% 1.500% 1.625% 1.750% 4.250%
1M - 5,999,999.99 1.625% 1.625% 1.625% 1.625% 1.625% 1.750% 2.000% 4.250%
6M - 9,999,999.99 1.750% 1.750% 1.750% 1.750% 1.750% 2.000% 2.125% 4.250%
10M - 249,999,999.99 2.000% 2.000% 2.000% 2.000% 2.000% 2.125% 2.250% 4.500%
Amount 30 - 90 days 91 - 180 days 181 - 270 days 271 - 360 days 1 & 1/2 years or
18 months
3 years
20% tax 20% tax 20% tax 20% tax 20% tax 20% tax
250M over 2.125% 2.250% 2.375% 2.500% 2.750% 3.000%

*Corporate accounts are taxable

Rates are subject to change without prior notice.

Rates are gross and subject to tax.

Our available terms are:
  • high-yield (5 years & 1 day)
  • medium-term (1 & 1/2 years, 3 years)
  • short-term (30, 60, 90, 180 days, 1 year)
Amount 30 days 60 days 90 days 180 days 1 year 1 & 1/2 years or
18 months
3 years 5 years and 1 day
20% tax 20% tax 20% tax 20% tax 20% tax 20% tax 20% tax * tax free
50,000 - 99,999.99 1.250% 1.250% 1.250% 1.250% 1.250% 1.375% 1.500% 4.250%
100,000 - 249,999.99 1.375% 1.375% 1.375% 1.375% 1.375% 1.500% 1.625% 4.250%
250,000 - 999,999.99 1.500% 1.500% 1.500% 1.500% 1.500% 1.625% 1.750% 4.250%
1M - 5,999,999.99 1.625% 1.625% 1.625% 1.625% 1.625% 1.750% 2.000% 4.250%
6M - 9,999,999.99 1.750% 1.750% 1.750% 1.750% 1.750% 2.000% 2.125% 4.250%
10M - 249,999,999.99 2.000% 2.000% 2.000% 2.000% 2.000% 2.125% 2.250% 4.500%
Amount 30 - 90 days 91 - 180 days 181 - 270 days 271 - 360 days 1 & 1/2 years or
18 months
3 years
20% tax 20% tax 20% tax 20% tax 20% tax 20% tax
250M over 2.125% 2.250% 2.375% 2.500% 2.750% 3.000%
*Corporate accounts are taxable.
Rates are subject to change without prior notice.
Rates are gross and subject to tax.
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.
For our high-yield terms (5 years & 1 day), interest will be credited monthly.

For all other terms, interest will be credited upon maturity. For three years term, annual and for 5 years and 1 day, monthly
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.
Amount 30 days
30, 60, 90 days
  • Interest shall earn savings rate from date opened/date of extension
  • Documentary stamps will be charged to the client
1, 1 & 1/2, 3 years
  • Interest shall earn savings rate from date opened
  • Documentary stamps will be charged to the client
5 years & 1 day
  • Interest shall earn savings rate from date of last interest payment to pre-termination date
  • 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 2 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
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

Member: PDIC

Maximum Deposit Insurance for Each Depositor P500,000