08-03-2021

Security Bank Time Deposit

Time deposits are safe

If you are looking for an investment but afraid of the risk of losing money, then time deposit is just the right investment for you.

These products simplify the previously offered time deposit (TD) products of the Bank by merging/consolidating them into these two time deposits. With these products, you can customize investments such that you can have the flexibility to choose the term/tenor and interest pay-out frequency.
A time deposit is a type of bank account where savings are locked in for a period of time. It offers higher interest rate than a regular savings account as you’re trading limited access to your funds with higher returns.

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The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.

ICON 2018 — May 26, 2018
Stock Smarts Melbourne – June 9 – 11, 2018
Stock Smarts Manila — June 16, 17, 23, 24 & 30 2018
Stock Smarts Hong Kong — July 28, 2018
Stock Smarts Iloilo — August 10 – 12, 2018

What is a time deposit?

A time deposit is an interest-bearing form of bank deposit that has a specified time of maturity. It requires the customers to deposit a certain amount of money in a bank and wait for it to mature or earn interest without any withdrawals. Interest earnings are determined quarterly, monthly, or annually. Although the amount you deposited will be inaccessible until the end of your time deposit (withdrawing the amount before a specified period of time will incur certain penalties), you will still have regular cash-flow in the form of interest payments.

Leading banks

In the Philippines, there are a number of banks to consider if you want to make a time deposit. Although, for all banks it is common that your earnings are higher if you invest a higher amount for a longer period time, there are banks with relatively higher time deposit rates than others. Below is a list of the best banks to include in your bowl of choices if you ever think of putting your excess money in time deposit.

1 year (12 months) Time Deposit of Php100,000 (as of March 29, 2018)

Security Bank Peso Time Deposit

Interest rate: 2.01%
Investment returns: Php1,608
Estimated payout: Php101,608

EastWest Peso Time Deposit

Interest rate: 1.75%
Investment returns: Php1,400
Estimated payout: Php101,400

PBCOM Regular Time Deposit

Interest rate: 1.50%
Investment returns: Php1,200
Estimated payout: Php101,200

RCBC Regular Time Deposit

Interest rate: 1.38%
Investment returns: Php1,100
Estimated payout: Php101,100

Maybank Classic Time Deposit

Interest rate: 1.25%
Investment returns: Php1,000
Estimated payout: Php101,000

6. Security Bank Peso Time Deposit

Security Bank Uitf

Interest rate: 1.20%
Investment returns: Php960
Estimated payout: Php100,960

7. Chinabank Diamond Savings

Interest rate: 1.00%
Investment returns: Php800
Estimated payout: Php100,800

8. UnionBank Peso Time Deposit

Interest rate: 0.88%
Investment returns: Php700
Estimated payout: Php100,700

9. Metrobank Peso Regular Time Deposit

Interest rate: 0.88%
Investment returns: Php704
Estimated payout: Php100,704

10.CTBC Peso Time Deposit

What Is Time Deposit

Interest rate: 0.85%
Investment returns: Php680
Estimated payout: Php100,680

These are only the best choices depending on the interest rates. If you have other factors to consider, such as the proximity and accessibility of the bank to your home/workplace, then your options may vary. Furthermore, some banks sometimes offer promotions including a surge of their time deposit interest rates. You may also want to watch out for these. Of course if you want growth the stock market is still the best place where you can make your money grow over the long term.