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Long-Term Time Deposit
Build More for the Future
Veterans Bank offers long term time deposit options for clients who want to set aside funds and build their savings over a longer period. With an affordable initial investment, you can choose a product that matches your financial goals and plans for the future.
Why Choose a Long-Term Time Deposit?
Designed for funds you can set aside longer, giving your savings more time to grow.
Long-Term Growth
Put your funds to work over an extended period and earn returns toward your future goals.
Multiple Deposit Options
Choose from long-term time deposit products based on your preferred features and financial plans.
Plan for Bigger Goals
Set aside funds for milestones such as retirement, education, or other long-term priorities.
Compare Long-Term Time Deposits
Explore the available long term time deposit options and find one that suits your savings needs. Open an account at your nearest Veterans Bank branch and start building your funds for the years ahead.
WHAT YOU GET |
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|---|---|---|---|
Term | 5 years and 1 day | 5 years and 1 day | 5 years and 1 day |
Interest Rate | Based on prevailing market rates | Based on prevailing market rates | Based on prevailing market rates |
Minimum Deposit | For Corporate Accounts: Minimum initial deposit of ₱100,000 | For Corporate Accounts: Minimum initial deposit of ₱100,000 | For Corporate Accounts: Minimum initial deposit of ₱100,000 |
Maximum Deposit | No maximum deposit amount | No maximum deposit amount | No maximum deposit amount |
Free Insurance Coverage | Includes: | Includes: | Includes: |
Withholding Tax | 20% | 20% | 20% |
Documentary Stamp Tax | Waived* | Waived* | Waived* |
Terms and conditions apply; separate conditions apply to individual and corporate depositors. Interest rate may change at any time without prior notice. Figures are indicative and subject to Bangko Sentral ng Pilipinas regulations — please confirm current terms with your servicing branch.
Banking Requirements
To open a corporate deposit account with Veterans Bank, the corporation must submit the required corporate documents and identification of all authorized signatories. These documents help establish the corporation’s authority to open and operate the account.
Required Documents
Notarized Secretary's Certificate
Submit a duly notarized Secretary's Certificate showing the names and designations of the corporation's current officers. It should also authorize the opening of the bank account and specify Veterans Bank as the corporation's depository, including the approved manner of withdrawals and the authorized signatories.
Board Resolution
A Board Resolution authorizing the opening of the account and identifying the person or persons authorized to sign on behalf of the corporation. The resolution must be duly certified under oath by the Corporate Secretary.
Articles of Incorporation and By Laws
Provide copies of the corporation's Articles of Incorporation and By Laws, including any amendments, if applicable.
Two Primary IDs of Authorized Signatories
Each authorized signatory must present two (2) valid Primary IDs as part of the account opening requirements.
Note: Additional documents may be requested by Veterans Bank depending on the type of corporation, account, or transaction
How to apply: Place your funds in a few simple steps
1
Visit your nearest PVB branch
Use our Branch & ATM locator to find a branch near you. No appointment required for account opening.
2
Bring your requirements
Present your valid ID(s), TIN, and the initial placement amount for your Long-Term Time Deposit.
3
Fill out the account forms
Our branch staff will guide you through the Account Opening Form and Signature Card, and help you choose passbook and/or ATM.
4
Fund and activate your account
Make your initial deposit and receive your passbook and/or ATM card. You're ready to save and enroll in digital banking.
Downloadable forms
Download and accomplish these forms before meeting your Relationship Officer. All files are in PDF format.
Download
PDF
Beneficial Ownership Declaration
AMLA compliance · 1 pages
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Corporate Account Opening Form
Corporate deposit accounts · 1 pages
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Corporate Signature Card
Authorized signatories · 1 pages
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Secretary's Certificate (template)
Naming authorized signatories · 1 pages
PDF
Board Resolution (template)
Authorizing account opening · 1 pages
Frequently asked questions
Yes. Hyper Saver, Maxi Return, and Advantage Plus are open to domestic corporations, partnerships, cooperatives, foundations, and national or local government agencies. You'll need your SEC registration, latest General Information Sheet (GIS), and a Board Resolution naming your authorized signatories.
Hyper Saver is a straightforward long-term placement, Maxi Return adds an in-hospital insurance benefit, and Advantage Plus credits interest monthly to your designated savings account. Choose based on your preferred features and cash flow needs.
Hyper Saver and Maxi Return credit interest at maturity, while Advantage Plus credits interest monthly to your designated savings account.
Early withdrawal is subject to the Bank's pre-termination policy and may be repriced to the prevailing savings rate.
Yes. Your deposits are protected by the PDIC up to ₱1,000,000 per depositor.
Yes. Interest earned is subject to the 20% final withholding tax.
Terms & conditions
Corporate Long-Term Time Deposit accounts are opened subject to the Bank's Know-Your-Customer (KYC) and corporate account-opening requirements, including verification of authorized signatories. The Bank reserves the right to approve or decline any application in accordance with its policies and applicable regulations.
Placements are held for a fixed term of 5 years and 1 day. Withdrawals before maturity are subject to the Bank's pre-termination policy.
Interest is based on prevailing market rates and is credited per the product terms, net of the 20% final withholding tax.
Applicable fees and charges are set out in the Bank's official schedule of fees available at any branch.
Placements that mature are subject to the Bank's rollover and closure policies. Early closure is subject to the pre-termination policy.
The Bank handles your personal and corporate information in accordance with the Data Privacy Act and the Bank's privacy policy.
Let's Move Your Plans Forward
Visit a Veterans Bank branch near you and discover banking solutions designed around your needs and goals.