Metrobank Peso Time Deposit Interest Rates

Metropolitan Bank and Trust Company or usually known as Metrobank is one of very well-known largest leading banks in the Philippines. It was founded September 5, 1962 in Binondo, Manila by a group of Filipino businessman, their main goal is to offer financial services to Filipino-Chinese community. It is foremost among the universal banks in Philippines.

Some Facts about Metrobank

Metrobank has various branches; it has 1,400 ATMs nationwide, over 760 domestic branches and 38 foreign branches and some of these were found in London, Taichung, Tokyo, and Seoul. It was the first Philippine bank in Korea and China when it opened its branch in Shanghai. It was also the first Philippine bank to be granted a banking license by the Japanese Ministry of Finance.

From this humble beginning, it has now several subsidiaries and affiliates, both domestic and international, including Philippine Savings Bank, Toyota Motor Philippines Corporation, Philippine AXA Life Insurance Corporation, Metro Remittance Center SA – Spain and a lot  more.

Interest Rates for Metrobank Peso Time Deposit

Last time, I made an article about Metrobank interest rates for different types of account. You can see the post here: Metrobank Interest Rates
This time I would like to give you some information about Metrobank Peso time deposit interest rates. Time deposit or TD for short is like a special savings account that earns higher interest than the normal one. The deposit is held for a lock-in period in which time the depositor cannot withdraw the money until the maturity date.

TD is a very popular bank product that almost all depositors know how it works and its benefits. Metrobank, like other Philippine banks, also provide time deposit investing for their customers. In the table below, you can see the interest rates for Metrobank Peso TD. It is advisable to open a savings account first before opening a TD in them.


Amount in Pesos
7 Days
14 Days
21 Days
30 – 59 Days
62 – 178 Days
181 – 364 Days
10,000 to 49,999 1.250% 1.500% 1.750%
50,000 to 199,999 1.500% 1.750% 2.000%
200,000 to 499,999 1.625% 1.875% 2.125%
500,000 to 999,999 1.750% 2.000% 2.250%
1,000,000 to 4,999,999 1.500% 1.500% 1.750% 1.875% 2.125% 2.375%
5,000,000 to 9,999,999 1.500% 1.500% 1.750% 2.000% 2.250% 2.500%
10,000,000 to 19,999,999 1.500% 1.750% 2.000% 2.125% 2.375% 2.625%
20,000,000 and UP 1.500% 1.750% 2.000% 2.250% 2.500% 2.750%

What have you notice on the table above? A you can see clearly, the maximum interest on time deposit is only 2.75% for a deposit of 20 million pesos and above. If you have that amount of money, it will earn a good return of Php 550,000 (20 M x 0.0275) after one year on investing excluding taxes and other fees. On the other hand, if your deposit  is around Php 100,000, it will just give you a Php 2,000 interest after one year which could be small compared with returns on mutual funds and UITF.


Image Credit: Wikipedia