Peso Time Deposit
₱5K
minimum initial deposit
Long Term Time Deposit
Build More for the Future
Grow your savings over the long term with deposit options designed to help you earn more while working toward bigger financial goals.
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
See how our three long-term time deposit options compare, side by side. All share the same core terms — the differences are in how you earn and the insurance you get.
WHAT YOU GET | Hyper Saver Time Deposit | Maxi-Return Time Deposit | Advantage Plus Time Deposit |
Overview | Achieve your long-term financial goals with the Hyper Saver Time Deposit designed to help your savings grow over time. With a 5-year and 1-day term, it helps you earn more from your investment while providing free insurance coverage. | Grow your investment over 5 years and 1 day with the Maxi-Return Time Deposit that offers more than just interest earnings. With a minimum deposit of PHP 100,000, you will also receive free insurance coverage with in-hospital benefits. | Experience the benefits of Advantage Plus Time Deposit that offers more than long-term savings. With a minimum deposit of PHP 100,000 for 5 years and 1 day, your monthly interest is automatically credited to your savings account. Free insurance coverage with in-hospital benefits is included. |
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 Individuals: Minimum initial deposit of PHP 100,000 | For Individuals: Minimum initial deposit of PHP 100,000 | For Individuals: Minimum initial deposit of PHP 100,000 |
Maximum Deposit | No maximum deposit amount | No maximum deposit amount | No maximum deposit amount |
Free Insurance Coverage | Includes: Accidental Death or Loss of Life - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Cash Assistance Benefit Due to Loss of Life - 25% of the accidental death benefit, up to PHP 250,000 (12.5% for ages 71-75). Permanent Disability or Dismemberment Due to an Accident - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Unprovoked Murder or Assault - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. | Includes: Accidental Death or Loss of Life - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Daily In-Hospital Income Benefit - daily benefit equivalent to 0.10% of the Accidental Death Benefit, up to PHP 5,000 per day (0.05% for ages 71-75). Cash Assistance Benefit Due to Loss of Life - 25% of the Accidental Death Benefit, up to PHP 250,000 (12.5% for ages 71-75). Permanent Disability or Dismemberment Due to an Accident - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Unprovoked Murder or Assault - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. | Includes: Accidental Death or Loss of Life - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Daily In-Hospital Income Benefit - daily benefit equivalent to 0.10% of the Accidental Death Benefit, up to PHP 5,000 per day (0.05% for ages 71-75). Cash Assistance Benefit Due to Loss of Life - 25% of the Accidental Death Benefit, up to PHP 250,000 (12.5% for ages 71-75). Permanent Disability or Dismemberment Due to an Accident - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. Unprovoked Murder or Assault - coverage equivalent to 100% of the time deposit amount, up to PHP 5 million. |
Withholding Tax | Exempted* | Exempted* | Exempted* |
Documentary Stamp Tax | Waived* | Waived* | Waived* |
Choose Your Regular Time Deposit
Select the currency and placement term that best matches your savings plan and when you will need access to your funds.
U.S. Dollar Time Deposit
$1K
minimum initial deposit
Rates and features are indicative and may change without prior notice, subject to Bangko Sentral ng Pilipinas regulations. Please confirm current terms with your servicing branch.
Interest rates: How your savings earn?
Interest is computed on your average daily balance (ADB) and credited to your account, net of applicable taxes.
ACCOUNT TYPE | INTEREST RATE (P.A.) | MINIMUM INITIAL DEPOSIT | INTEREST CREDITING |
Peso Savings | 0.050% | PHP 10,000 | Quarterly |
Basic Deposit Account | Prevailing savings rate | PHP 500 | Quarterly |
Interest earned is subject to the 20% final withholding tax. Rates shown are indicative and may be revised by the Bank in line with prevailing market and BSP conditions.
Banking fees & charges
A representative schedule of the fees that may apply to your Peso Savings Account. The official schedule is available at any branch.
FEE / CHARGE | AMOUNT | REMARKS |
Minimum initial deposit | PHP 100,000 | Long-Term Time Deposit |
Minimum maintaining balance | PHP 100,000 | Long-Term Time Deposit |
Below maintaining balance fee | PHP 300 / mo. | If ADB falls below the required balance for two (2) consecutive months |
Dormancy fee | PHP 30 / mo. | After 2 years of inactivity, if balance is below maintaining balance |
Passbook replacement (lost/damaged) | PHP 100 | Per passbook |
ATM card replacement | PHP 150 | Per card |
On-us ATM withdrawal (PVB/BancNet) | Free | - |
Interbank ATM withdrawal | PHP 18 | Per transaction, plus acquirer fees |
Fund transfer - InstaPay | PHP 25 | Per transaction, up to PHP 50,000 |
Fund transfer - PESONet | PHP 30 | Per transaction |
Account closure within 30 days | PHP 300 | Waived thereafter |
Bank certification / statement of account | PHP 100 | Per copy |
Note: Terms and conditions apply. Eligibility and account requirements may vary for individual and corporate depositors. Interest rates are subject to change without prior notice.
Requirements for Opening a Deposit Account
Opening a deposit account is simple. To help us process your application smoothly, please
prepare the following requirements.
For Individual Accounts:
Two (2) valid primary government-issued IDs
One (1) recent 2x2 ID photo
DTI Certificate of Business Registration (for sole proprietors only)
Reminders
For joint accounts, each account holder must provide the required documents
Veterans Bank may request additional documents depending on the type of account or transaction
How to apply: Open your account 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 deposit for your chosen account.
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 are ready to save and enroll in digital banking.
Downloadable forms
Download and accomplish these forms before your branch visit. All files are in PDF format.
PDF
Account Opening Form (Individual)
Personal deposit accounts · 1 pages
PDF
Specimen Signature Card
Signature verification · 1 pages
PDF
Checking Account Application Form (with BBG)
Includes Basic Business Group details · 1 pages
PDF
FATCA / CRS Self-Certification
Tax residency declaration · 1 pages
PDF
Beneficial Ownership Declaration
AMLA compliance · 1 pages
PDF
Digital Banking Enrollment Form
Online & mobile access · 1 pages
Frequently asked questions
The charter of the Board articulates the governance and oversight responsibilities exercised by the directors and their roles and functions in the Bank. It includes provisions on Board composition, Board committees, and Board governance, subject to provisions of the corporation’s Articles of Incorporation, By-laws, and applicable laws. The Board charter is not intended to limit, enlarge, or change in any way the responsibilities of the Board, as determined by such articles, by-laws, and applicable laws. The Board charter of the Bank is incorporated in its Corporate Governance Manual.
The minimum initial deposit for long-term time deposits is PHP 100,000.
Interest is computed on your average daily balance (ADB) and credited to your account, net of applicable taxes.
Yes. Deposits are insured by PDIC up to PHP 500,000 per depositor.
The standard term is 5 years and 1 day.
Eligible deposits include free accident insurance coverage, including accidental death, in-hospital income, cash assistance, permanent disability, and unprovoked murder or assault benefits.
Terms & conditions
Accounts are opened subject to the Bank's Know-Your-Customer (KYC) and account-opening requirements. The Bank reserves the right to approve or decline any application in accordance with its policies and applicable regulations.
Please refer to the official schedule available at any branch.
Interest earned is subject to the 20% final withholding tax. Eligible deposits may be exempted.
A representative schedule of fees is available at any PVB branch.
Fees may apply after a period of inactivity or for early account closure.
Your personal data is handled in accordance with the Data Privacy Act.
Let’s Move Your Plans Forward
Visit a Veterans Bank branch near you and discover banking solutions designed around your needs and goals.