The short term deposits from
Citystate Savings Bank give you secure ways to grow
your savings at competitive interest rates with terms
to meet your specific needs. We offer even better rates,
perfect for the more diversified investor.
This investment requires you to keep the deposit
in your account for a designated period of time in
order to earn interest throughout the term at a special
rate. Early withdrawal before the maturity date will,
however, incur penalties
A. SPECIAL SAVINGS
This is a high interest bearing savings account documented
by a Savings Account Passbook and an Agreement that
the deposit can be withdrawn at a specific date at
the prescribed rate that is higher than the regular
savings.
Features and Benefits
• With tiered interest rates
the higher your investment daily balance, the higher
your interest earnings.
• Minimum investment of P10,000
• Term of deposit for a minimum of 30 days
• Interest income is subject to the 20% final
withholding tax.
• Interest is compounded every time the deposit
is rolled over.
• Insured with PDIC up to P250,000.00 per depositor
B. PESO TIME DEPOSIT
This is a high interest bearing account documented
by a certificate with a specific maturity period.
This investment requires you to leave the money in
an account for a designated period of time in order
to earn interest throughout the term at a special
rate.
Features and Benefits
• Minimum investment of P 1,000.00
• Term of deposit for a minimum of 30 days
• Pretermination may be allowed subject to the
pretermination charges prescribed by the BSP
• Subject to documentary stamps tax at the rate
of Php 0.30 for every Php 200.00 face value.
• Subject to 20% withholding tax
• Insured with PDIC up to P250,000.00 per depositor
C. FCDU TIME DEPOSIT
A Certificate of Deposit (CD) maximizes your earnings
with a guaranteed rate of return.
Maximize your Dollar savings and
earn interest with our short-term FCDU Dollar Time
Deposits. This is evidenced with a certificate of
deposit which maximizes your earnings with a guaranteed
rate of return for a specific maturity date.
Features and Benefits
• Minimum investment of USD 1,000.00
• Term of deposit for a minimum of 30 days
• Pretermination may be allowed subject to the
pretermination charges prescribed by the BSP
• Interest payment is paid at maturity with
principal deposit
• Subject to 7% withholding tax
• Insured with PDIC up to P250,000.00 per depositor
FOREIGN EXCHANGE CONVERSION
Citystate Savings Bank branches purchases dollars
at very competitive exchange rates.
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