BPI Time Deposit Interest Rates

July 18, 2010

in Banking, Time Deposit

Bank of the Philippine Islands (BPI) is one of the Philippine banks that offers the best interest rates in the Philippines for time deposit. In order to compute for the interest that you will gain for time deposit, just use the equation below.

Interest Gain = (Principal Amount X Time Deposit Interest Rate X No. of Days) divided by 365

For example,

Interest Gain = (50,000 x 0.0175 x 35) / 365

Interest Gain = 83.90

So for P50,000 invested in time deposit with an interest rate of 1.75% and 35 days holding period, you will profit P85.

In order to increase your net gain in time deposit, you need to increase these two factors: Principal amount invested and holding period.

You can see below the time deposit interest rates for BPI as of July 2010.

Regular Time Deposit (Peso)

BPI

Amount 35
Days
63
Days
91
Days
182
Days
364
Days
1K to less than 10K 2.000 2.250 2.250
10K to less than 50K 1.750 1.750 2.125 2.375 2.375
50K to less than 100K 2.000 2.000 2.250 2.500 2.500
100K to less than 500K 2.125 2.125 2.375 2.625 2.625
500K to less than 1 MM 2.250 2.250 2.500 2.750 2.750
1 MM to less than 5 MM 2.375 2.375 2.625 2.875 2.875
5 MM and up 2.500 2.500 2.750 3.000 3.000

BPI Family Savings Bank

Amount 35
Days
63
Days
91
Days
182
Days
364
Days
1K to less than 10K 2.500 2.750 2.750
10K to less than 50K 2.250 2.375 2.625 2.875 2.875
50K to less than 100K 2.500 2.500 2.750 3.000 3.000
100K to less than 500K 2.625 2.625 2.875 3.125 3.125
500K to less than 1 MM 2.750 2.750 3.000 3.250 3.250
1 MM to less than 5 MM 2.875 2.875 3.125 3.375 3.375
5 MM and up 3.000 3.000 3.250 3.500 3.500

BPI Direct Savings Bank

Peso TD 35
Days
63
Days
91
Days
1K to less than 10K 2.500
10K to less than 50K 2.250 2.375 2.625
50K to less than 100K 2.500 2.500 2.750
100K to less than 500K 2.625 2.625 2.875
500K to less than 1 MM 2.750 2.750 3.000
1 MM to less than 5 MM 2.875 2.875 3.125
5 MM and up 3.000 3.000 3.250

US Dollar Time Deposit Rates

BPI / BPI Family Savings Bank

Amount 35
Days
63
Days
91
Days
182
Days
364
Days
1K to less than 50K 0.2500 0.2500 0.2500 0.2500 0.2500
50K to less than 100K 0.3750 0.3750 0.3750 0.3750 0.3750
100K and above 0.5000 0.5000 0.5000 0.5000 0.5000

Do you want to open a BPI savings account? You can visit the link below to know procedures and requirements in opening a BPI savings account.


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{ 22 comments… read them below or add one }

Lolito N. Tagle Jr. July 23, 2013 at 14:15

Pleas give me the correct computation for 35 days holding period amounted 300K and roll over for two years continuously, how much does i earne after two years.

Thanks,

Lito

Reply

jesse b. bantali November 5, 2012 at 11:31

i want to ask if i can reactivate my atm savings account which is ineffective at this moment. thank you.

Reply

Gil November 7, 2012 at 11:51

Hi Jesse,

Normally, banks don’t allow reactivation especially accounts which have been inactive or closed for a long time.

Reply

Visitor October 7, 2011 at 10:19

thank you. this is useful information

Reply

Shervin July 19, 2011 at 06:30

To Shawn;
3% is for annual interest, in fact all figure shown by any bank in terms of time deposit rates are all annual rates. So, 500,000 x .03/12 x .80 = 1000 every 30 days.

Reply

Smart Guy May 30, 2011 at 18:41

@shawn are you serious 500k wont give you 12k itll give you less than 2k so better have a business or work!!!

Reply

Shawn May 15, 2011 at 09:14
Shawn May 14, 2011 at 14:47

Good Day Gil!! I want to ask a favor.I want to invest my 500,000 pesos in an TD account in PSBank.Last time I checked,they offer 3.000% for 30days.

so my computation:

500,000 x 3.000% = 15,000 pesos
– 20% tax
= 12,000 pesos every 30 days

Is this Correct?..I don’t want to do the long calculation since I’m into the 30day-maturity.

I will have 12,000 pesos every month?..correct me if I’m wrong.

Thank you for your response :)

Reply

Serge April 20, 2011 at 19:45

Thanks Gil for the reply. I hope you won’t mind me shooting another question:)

So in the example above, the P85 profit is the clean amount you can earn from your TD, as in if you’d like to withdraw that amount you can get it as P85?

Thanks again for any help.

Regards

Reply

Serge April 18, 2011 at 03:23

Hi Gil. Thanks for being helpful. I have a question about time deposit; so if for example I’d like to open one for 100K, can you please provide a sample computation for it? I did my own but given that I don’t trust my math skills, I’d like to confirm it with you if I’m right:)

Thanks for any help.

Reply

Gil April 18, 2011 at 22:56
sob April 14, 2011 at 07:12

Are the rates shown above stay the same as of 2011 2nd quarter? Thanks.

Reply

Lianne April 13, 2011 at 12:31

So that P83.90 from your computation is the interest gain overall? Or is it monthly interest gain? Thanks.

Reply

Gil April 13, 2011 at 22:56

It is annual gain. It is based on assumption but TD has really low gain unless you have millions in TD.

Reply

jez January 26, 2011 at 12:28

gil ask ko lang pano ba mag invest sa mutual funds at ano ang maganda pano sumali at requirements nila magkano din ang required salamat po

Reply

Gil January 26, 2011 at 12:30

Hi Jezz,

See my posts here to know more about MF: http://learnfinancialeducation.com/category/mutual-funds/
Minimum Deposit in MF: PHP 5,000
Suceeding deposit: Min. P1,000

Reply

nina January 25, 2011 at 12:06

hi,paano po mg apply ng time deposit?but mayron na po akong saving account,paano po ba?thanks…

Reply

Gil January 26, 2011 at 12:06

Hi Nina,
Just go to your branch and ask the teller you want to invest in time deposit.

Reply

reaze January 24, 2011 at 08:37

hi,
im planning to open a savings account and wanted also to try time deposit. i can’t decide it it will be BPI or BPI family bank. can u tell me the advantage of opening an account in BPI family bank over BPI.
thank you!

Reply

Gil January 24, 2011 at 12:53

Hi Reaze,

I think BPI Family has lower initial deposit than BPI but the services are the same.

Reply

jenn November 18, 2010 at 18:31

Whats the difference with BPI & BPI Direct Savings? I have a BPI savings acct, I want to try time deposit thru bpiexpress online, which from table will i get the rate?
Thanks

Reply

Gil November 19, 2010 at 13:11

Hi,

BPI Direct is a subsidiary of BPI. If you have BPI savins account, you should look at BPI table.

Reply

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