Guide on BDO Time Deposit Account Features & Application
BDO TIME DEPOSIT ACCOUNT – Here are some details on the features of these BDO Unibank offers and how to open this type of account.
BDO Unibank is one of the entities that offer Time Deposit accounts for those who wish to keep their money on a definite amount of time. Your savings can earn interest while being kept in a time deposit account. You can check the bank’s offers below.
BDO Time Deposit Account
BDO Unibank offers two (2) Time Deposit accounts which differ in currency, minimum initial placement requirement, terms of placement, pretermination penalties, and withholding tax on interest earned.
Peso Time Deposit
- Minimum Initial Deposit – Php 1,000.00
- Terms of Placement – 30, 60, 90, 180, 360 Days
- Pretermination – subject to pretermination penalty
- Withholding tax on interest earned – 20%
Dollar Time Deposit
- Minimum Initial Deposit – Php 1,000.00
- Terms of Placement – 30, 60, 90, 180, 360 Days
- Pretermination – subject to pretermination penalty
- Withholding tax on interest earned – 20%
How to Open BDO Peso Checking Account?
- Step 1 – Prepare the minimum initial deposit and your valid ID. BDO Unibank accepts several types of ID including the following:
- passport in English characters
- school ID for minors
- LTO Driver’s License
- Unified Multi-Purpose ID (UMID)
- Professional Regulations Commission (PRC)
- Philippine Identification System (PhilSys) ID
- Social Security System (SSS) ID
- NBI Clearance
- PhilHealth ID
- Philippine Postal ID
- Step 2 – Download the form in opening BDO Time Deposit Account. For your convenience, you may secure a copy of the dowloadable form at https://www.bdo.com.ph/personal/accounts/forms.
- Step 3 – Prepare your minimum initial deposit and valid ID.
- Step 4 – Go to a branch of BDO Unibank and begin the process in opening a savings account. You will surely be assisted by a bank staff.
You may also visit – BDO LOAN OFFERS: List of BDO Loans & Application Requirements