LANDBANK rates for Peso and Dollar deposit products (New rates effective 01 August 2020)
Period covered: September 8-21, 2020
|
TYPE OF DEPOSIT ACCOUNT |
MINIMUM INITIAL DEPOSIT |
REQUIRED DAILY BALANCE TO EARN INTEREST |
INTEREST RATE |
||
|
INDIV. |
CORP. |
INDIV. |
CORP. |
||
|
REGULAR PASSBOOK SAVINGS ACCOUNT |
Php 10,000 |
P10,000 |
Php 10,000 |
Php 10,000 |
0.05% (from 0.10%) |
|
SAVINGS ACCOUNT with ATM Access |
Php 500 |
n/a |
Php 2,000 |
n/a |
0.05% (from 0.10%) |
|
US DOLLAR SAVINGS ACCOUNT |
$100 |
$1,000 |
$500 |
$1,000 |
0.10% (from 0.15%) |
1. Peso Time Deposit
|
TERM |
AMOUNT (in Philippine Peso, Php) |
||||
|
1,000.00 – 49,999.99 |
50,000.00 – 299,999.99 |
300,000.00 – 499,999.99 |
500,000.00 – 999,999.99 |
1,000,000.00 and up |
|
|
30-60 days |
0.125 |
0.215 |
0.310 |
0.405 |
0.500 |
|
61-90 days |
0.200 |
0.310 |
0.375 |
0.435 |
0.575 |
|
91-180 days |
0.275 |
0.435 |
0.500 |
0.560 |
0.650 |
|
181-364 days |
0.350 |
0.560 |
0.625 |
0.685 |
0.750 |
2. US Dollar Time Deposit
|
TERM |
AMOUNT (in US Dollar, USD) |
|||
|
1,000 – 9,999 |
10,000 – 49,999 |
50,000 – 99,999 |
100,000.00 – below 5M |
|
|
30-60 days |
0.25000% |
0.26500% |
0.30000% |
0.40000% |
|
61-90 days |
0.30000% |
0.31500% |
0.35000% |
0.45000% |
|
91-180 days |
0.35000% |
0.36500% |
0.40000% |
0.50000% |
|
181-270 days |
0.400% |
0.415% |
0.450% |
0.500% |
|
270-360 days |
0.450% |
0.465% |
0.500% |
0.550% |
3. High Yield US Dollar Time Deposit (HYUDTD)
|
High-Yield US Dollar Time Deposit (HYUSDTD) |
MINIMUM PLACEMENT |
TENOR |
INTEREST RATE (compounded annually) |
|
$2,000.00 up to Max of $9,999.99 |
2 years |
1.00% p.a. |
|
|
$10,000.00 |
3 years |
1.50% p.a. |
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