You deposited ₱100,000 in a BDO time deposit for 360 days. After a full year, your gross interest is ₱125.
After the 20% withholding tax, you take home ₱100. That’s not a typo. That’s BDO’s current rate for most depositors in 2026.
So why do people still open BDO time deposits? And should you?
This guide gives you BDO’s exact rates straight from bdo.com.ph, a side-by-side look at BDO Network Bank (which pays more), worked examples so you see what you actually earn after tax, and an honest comparison against digital banks offering 10x to 50x higher returns.
Last updated April 2026. Rates pulled directly from bdo.com.ph and bdonetworkbank.com.ph. Subject to change without notice.
BDO Unibank peso time deposit rates (2026)
Here are BDO Unibank’s official peso time deposit interest rates per annum, taken directly from their website.
The minimum placement is ₱1,000, and terms range from 30 to 360 days.
All tiers from ₱1,000 up to below ₱100,000 earn a flat 0.125% across all terms—30, 60, 90, 180, and 360 days. No difference whether you lock your money for a month or a full year.
It only starts to budge once you cross ₱100,000:
| Deposit size | 30–90 days | 180–360 days |
|---|---|---|
| ₱1,000 to below ₱100,000 | 0.125% | 0.125% |
| ₱100,000 to below ₱1 million | 0.125% | 0.250% |
| ₱1 million to below ₱5 million | 0.250% | 0.375% |
| ₱5 million to below ₱20 million | 0.250% | 0.500% |
| ₱20 million and above | 0.250% | 0.500% |
Read that again: even if you deposit ₱20 million, the highest BDO Unibank will pay you on a 360-day term is 0.500% per annum. These are not promotional rates. These are the standard rates posted on bdo.com.ph as of April 2026.
BDO also notes: “Interest rates are indicative and are subject to change without notice. Please confirm with our branch upon making placements.”
BDO Network Bank time deposit rates (2026)
BDO Network Bank is a separate savings bank subsidiary of BDO Unibank. It has its own branches (mostly in provincial areas), its own rate table, and (this is the part most people miss) significantly higher time deposit rates than BDO Unibank.
Here’s what BDO Network Bank pays, from their official page:
| Deposit size | 30–90 days | 180 to below 360 days | 360 days |
|---|---|---|---|
| ₱1,000 to ₱9,999 | 0.750% | 0.875% | 1.000% |
| ₱10,000 to ₱49,999 | 1.000% | 1.125% | 1.250% |
| ₱50,000 to ₱99,999 | 1.000% | 1.250% | 1.250% |
| ₱100,000 to ₱999,999 | 1.250% | 1.375% | 1.375% |
| ₱1 million to ₱9,999,999 | 1.500% | 1.750% | 1.750% |
| ₱10 million and above | 1.625% | 2.000% | 2.250% |
At the ₱100,000 level for 360 days, BDO Network Bank pays 1.375% vs BDO Unibank’s 0.250%. That’s more than 5x the rate for the same deposit size and term—just at a different BDO entity.
The catch: BDO Network Bank branches are mostly in provincial areas. If you live in Metro Manila, you may not have one nearby. But if you do, or if you’re banking from a province, this is worth looking into before you default to BDO Unibank.
How much do you actually earn? (worked examples after tax)
Every peso of interest you earn from a BDO time deposit gets hit with a 20% final withholding tax. BDO deducts this automatically before crediting your interest. Here’s what that looks like with real numbers.
Example 1: ₱100,000 at BDO Unibank for 360 days
| Rate | 0.250% per annum |
| Gross interest | ₱100,000 × 0.250% = ₱250 |
| Withholding tax (20%) | ₱50 |
| Net interest you receive | ₱200 |
That’s about ₱16.67 per month for locking away ₱100,000 for an entire year.
Example 2: ₱100,000 at BDO Network Bank for 360 days
| Rate | 1.375% per annum |
| Gross interest | ₱100,000 × 1.375% = ₱1,375 |
| Withholding tax (20%) | ₱275 |
| Net interest you receive | ₱1,100 |
That’s about ₱91.67 per month. Still modest, but nearly 5.5x what BDO Unibank pays on the same amount.
Example 3: ₱50,000 at BDO Unibank for 360 days
| Rate | 0.125% per annum |
| Gross interest | ₱50,000 × 0.125% = ₱62.50 |
| Withholding tax (20%) | ₱12.50 |
| Net interest you receive | ₱50 |
Fifty pesos. For a whole year. That won’t even cover one meal at Jollibee.
How to open a BDO peso time deposit
You’ll need to visit a BDO Unibank branch in person to open a peso time deposit. BDO does not currently offer time deposit opening through the BDO app or online banking—this is a branch-only product.
What to bring
- Cash or funds in your existing BDO account for the placement (minimum ₱1,000).
- At least one valid ID if it’s a Passport, Driver’s License, PRC ID, UMID, SSS ID, or PhilSys ID. If your ID is not on that primary list, bring at least two valid IDs from BDO’s accepted list.
- Your IDs must be original and within their validity period.
The full list of accepted IDs includes Passport and Driver’s License down to MARINA ID and PWD ID issued by NCDA. You can check the complete list on the BDO peso time deposit page.
What to expect at the branch
- Tell the bank officer you want to open a peso time deposit.
- Choose your term: 30, 60, 90, 180, or 360 days.
- Choose your placement amount (minimum ₱1,000).
- Fill out the required forms and submit your ID.
- Once processed, you’ll receive a Certificate of Peso Time Deposit as proof of ownership.
- When the term matures, your principal plus net interest (after 20% tax) will be credited or available for rollover.
If you already have a BDO savings or checking account, the placement can come from your existing balance. Ask the branch officer to transfer from your account directly.
A heads-up: if you pre-terminate your time deposit before maturity, BDO charges a pre-termination penalty. The exact penalty varies, so ask about it before you commit—especially if there’s any chance you’ll need the money early.
BDO time deposit vs digital banks in 2026
This is where the conversation gets uncomfortable for BDO.
Digital banks in the Philippines now offer time deposit or time deposit-like products with rates that make BDO Unibank’s 0.125%–0.500% look almost invisible.
As of late 2025 and early 2026, several digital banks are advertising rates between 5% and 10% per annum for fixed-term deposits.
For context: if you put ₱100,000 in a digital bank offering 6% for 360 days, your gross interest would be ₱6,000. After the 20% tax, you’d net ₱4,800. Compare that to BDO Unibank’s ₱200 net on the same amount and term. That’s a 24x difference.
So why would anyone still pick BDO?
- Trust in a big, old bank. BDO Unibank is the largest bank in the Philippines by assets. Some people—especially older depositors or those with large balances—feel safer with a name they’ve known for decades, even at lower rates.
- Branch access. BDO has over 1,400 branches and thousands of ATMs across the country. If you want to walk into a branch and talk to someone face-to-face, BDO has that. Most digital banks don’t.
- Complementary products. If you already bank with BDO for your payroll, credit card, or business accounts, adding a time deposit inside the same ecosystem is easy. No new app, no new KYC.
- PDIC coverage either way. Both BDO and digital banks are covered by PDIC up to ₱1 million per depositor per bank. Your money is insured regardless of which one you pick.
If earning the highest possible interest on your idle cash is the priority, BDO Unibank’s time deposit is not the right product in 2026.
If convenience, branch access, and sticking with your existing bank matter more to you than the interest gap, BDO is still a functional option, just not a profitable one.
BDO vs Security Bank and other time deposit promo rates in the Philippines
The BDO time deposit rates aren’t exactly the best in the market. But if you’re already an existing depositor, it’s more convenient for you to set up a time deposit account at your nearest branch.
Let’s compare the interest rates of BDO to interest rates of Security Bank and other banks in the Philippines.
Assuming you want to deposit P100,000 as your placement for a short-term period of, let’s say, more than 350 days.
Keep in mind that the rates are subject to change. You may click the links to see the duration of the promo rates per bank.
| Bank | Placement of ₱100,000 | Period | Rate (per annum) |
| Eastwest Bank | Peso Time Deposit | 360 days | 3.570% |
| UnionDigital Bank | Peso Time Deposit | 30 – 365 days | 2.500% – 3.150% |
| PSBank | Peso Time Deposit | 30 – 365 days | 1.875% – 2.100% |
| Maybank | Classic Time Deposit | 31 – 359 days | 1.500% – 1.750% |
| RCBC | Peso Time Deposit | 30 – 365 days | 0.625% – 1.125% |
| Security Bank | Peso Time Deposit | 1 – 12 months | 0.230% – 1.020% |
| BPI | Auto Renew Time Deposit | 35 – 365 days | 0.250% – 0.500% |
| BDO | Regular Peso Time Deposit | 30 – 360 days | 0.125% – 0.250% |
| Metrobank | Regular Time Deposit | 30 – 364 days | 0.125% – 0.250% |
| China Bank | Regular Time Deposit | 90+ days | Check with branch |
| Landbank | Peso Time Deposit | 30+ days | Check with branch |
For peso time deposits ranging from 30 days to 12 months, Eastwest Bank offers the highest rate of 3.570%. At a glance, their minimum placement is P100,000.
Other banks offer minimum placements ranging from P10,000 to P50,000, or more.
At BDO, you can start for as low as P1,000 for the Regular Time deposit. So, this is an opportunity for every “Juan” to start saving and planning for the future.
BDO time deposit vs BDO savings account: when does a TD make sense?
A BDO regular savings account earns even less interest than a time deposit—often 0.0625% or lower. So a time deposit does technically beat a savings account in rate, even at BDO’s low numbers.
But a savings account gives you access to your money at any time. A time deposit locks it up for 30 to 360 days, and you get penalized if you pull out early.
When a BDO time deposit still makes sense
- You have a specific chunk of cash you know you won’t need for the next 6 to 12 months, and you want it separated from your spending account so you don’t touch it.
- You’re already a BDO customer and you just want a simple, low-effort way to earn slightly more than your savings account without learning a new platform.
- You want the Certificate of Time Deposit as documentation (some visa applications or loan applications ask for proof of fixed deposits).
When it doesn’t make sense
- You might need the money before the term ends. The pre-termination penalty eats into your already tiny interest.
- You’re comparing rates seriously and are willing to open a digital bank account. The rate gap is massive enough to justify the effort.
Tax rules for time deposit interest in the Philippines
Interest earned from peso time deposits is subject to a 20% final withholding tax. BDO deducts this automatically; you never see the gross amount.
What lands in your account (or what you collect at maturity) is always the net figure.
There’s a long-standing rule that long-term deposits (5 years or longer) held by individuals in the form of savings or investment certificates can be exempt from this tax.
But standard BDO time deposits max out at 360 days, so this exemption does not apply to regular BDO peso time deposits. If you want to explore the 5-year tax-exempt route, you’d need to ask BDO about Long-Term Negotiable Certificates of Deposit (LTNCD) or similar products—those are a different category.
A note for 2026: BDO posted an advisory in mid-2025 about changes to how interest from bank deposits and investments is taxed starting January 1, 2026.
Before you open a new placement, confirm with BDO or your accountant whether any new rules affect your specific situation.
PDIC deposit insurance: how your BDO time deposit is protected
All deposits at BDO Unibank and BDO Network Bank are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1 million per depositor per bank.
This ₱1 million limit took effect on March 15, 2025, up from the previous ₱500,000 cap. It covers the total of all your deposit accounts at one bank—savings, checking, and time deposits combined.
What PDIC covers:
- Your principal and accrued interest up to ₱1 million if the bank closes.
What PDIC does not cover:
- Losses from unauthorized transactions, fraud, or fee disputes while the bank is still operating. Those are separate complaints you’d file with BDO directly or with the Bangko Sentral ng Pilipinas (BSP).
Since BDO Unibank and BDO Network Bank are separate PDIC-member institutions, your deposits in each one are insured separately—up to ₱1 million at BDO Unibank and another ₱1 million at BDO Network Bank.
How to use this guide safely
This article covers BDO time deposit rates and products in the Philippines for general education. It’s not personal financial advice.
- Interest rates posted here are taken from bdo.com.ph and bdonetworkbank.com.ph as of April 2026. BDO can change rates at any time without notice. Always confirm with your branch before placing funds.
- Tax rules mentioned here are general. If you have a specific tax situation, check with a licensed accountant or tax professional.
- If you’re comparing BDO against other banks or digital banks, verify each institution’s latest rates and PDIC membership status before moving your money.
What do you think of the BDO time deposit accounts mentioned above?