Have extra cash lying around? If you’ve been sitting on savings and haven’t done anything productive with it, now’s a good time to look at time deposits.
You earn more than what a regular savings account gives you and you don’t have to do much except choose a term and let your money sit.
We’ve already covered BDO time deposit rates. Now let’s talk about what Maybank Philippines is offering in 2026, and whether the rates are actually worth your while.
| Product | Minimum Initial Placement | Terms of Placement | Withholding Tax |
| Classic Time Deposit | ₱25,000 | 31, 60-90, 91-359 days | 20% |
| ADDvantage Flex Time Deposit | ₱50,000 | 1-year and 2-year term | 20% |
| ADDvantage 5-Year Time Deposit | ₱50,000 | 5-year term + 1 day | 20% (see note on CMEPA below) |
| Flexi Rate Time Deposit | ₱50,000 | 31-359 days | 20% |
Maybank Philippines now has four time deposit accounts. The ADDvantage Advance Time Deposit, which was part of the lineup a few years back, is no longer being offered.
Depending on your financial goals and how long you’re comfortable locking your money in, each product earns you a higher yield on your investment than the regular Maybank savings account.
Keep in mind that if you withdraw before the maturity date, your money is subject to a pre-termination penalty on top of the 20% withholding tax.
💡 A quick note on the 5-year time deposit: it used to be tax-exempt for individuals who held it until maturity. But under the CMEPA law (RA 12214), which took effect on July 1, 2025, that exemption has been removed. All interest income — regardless of how long you hold it — is now subject to 20% final withholding tax. The only exception is if your 5-year TD was placed before July 1, 2025. In that case, the old tax-free treatment still applies until the deposit matures.
You’ll also receive a certificate of time deposit as proof of ownership.
Note: Rates and placements are as of April 2026 via Maybank Philippines.
What are the key features of the Maybank Classic Time Deposit?
It’s never too late to grow your savings, even if it’s just short-term. The Classic Time Deposit in Maybank Philippines offers a standard rate of 1.75% p.a. with a minimum placement of ₱25,000 — one of the lower entry points among local banks.
You can pick from three term options: 31 days, 60-90 days, or 91-359 days. The interest earned goes straight to your Maybank savings account or checking account when your placement matures.
Here are the current counter rates:
| Term | Interest Rate p.a. |
| 31 days | 1.500% |
| 60-90 days | 1.625% |
| 91-359 days | 1.750% |
Prefer to open one online? Maybank also lets you place a time deposit via Maybank2u PH, though the online rates are different from what you’d get at the branch counter:
| Term | Online Rate p.a. |
| 31 days | 0.250% |
| 60 days | 0.250% |
| 90 days | 1.625% |
| 180 days | 1.750% |
| 360 days | 1.750% |
Notice that the 31- and 60-day online rates drop significantly. If you’re placing short-term, the branch counter rate might be a better deal. Always worth checking before you open.
Rates are subject to change. Visit the branch nearest you for the latest figures, or check the Maybank Philippines website.
What are the key features of the Maybank ADDvantage Flex Time Deposit?
Maybank offers a unique time deposit account called the ADDvantage Flex Time Deposit — and the standout feature is how it handles interest.
The minimum placement is ₱50,000, and you choose either a 1-year or 2-year term. What makes it different from a plain time deposit is that the interest rate can go up during your holding period, but it will never fall below the rate you started with. That’s a built-in floor that gives you some peace of mind.
The ADDvantage Flex Time Deposit guarantees a base interest rate while allowing the interest to increase during the placement — so you get flexibility without the downside risk of a lower yield.
Current rates:
| Term | Interest Rate p.a. |
| 1 year | 2.000% |
| 2 years | 2.500% |
Interest is credited to your linked Maybank savings or checking account. If you have an extra ₱50,000 that you’re okay setting aside for a year or two, this is a solid low-risk option with a decent return.
Rates can change, so it’s worth dropping by your nearest Maybank branch or checking the ADDvantage Flex Time Deposit page for current details.
What are the key features of the Maybank ADDvantage 5-Year Time Deposit?
Want to give your money the opportunity to grow over the long haul? The ADDvantage 5-Year Time Deposit in Maybank Philippines requires a minimum placement of ₱50,000 — and in exchange, you get a fixed rate locked in for five years plus one day.
The current rate is 3.000% per annum.
Now, here’s the thing you need to know about the tax treatment. Before July 2025, this product was tax-free for individual depositors — no 20% withholding tax — as long as you held it to maturity. That was a huge selling point.
But the CMEPA law (RA 12214), effective July 1, 2025, changed the rules. All interest income from deposits is now taxed at a flat 20% final withholding tax — even for 5-year placements. So if you open a new ADDvantage 5-Year TD today, the 3.000% rate is gross, and the 20% tax applies.
If you placed before July 1, 2025, you’re still covered under the old rules — your interest stays tax-free until the term deposit matures.
The rate is fixed for the full term, so what you lock in today is what you get five years from now. No surprises on that front.
Check the ADDvantage 5-Year Time Deposit page for the full terms and conditions before you open an account.
What are the key features of the Maybank Flexi Rate Time Deposit?
The Flexi Rate Time Deposit works a little differently. Instead of a flat rate regardless of how much you deposit, the interest you earn is an add-on rate tied to the Average Daily Balance (ADB) of your linked Maybank savings or checking account.
The minimum placement is ₱50,000, and terms run from 31 to 359 days.
Here’s how the rates break down:
| Amount | 31-90 days | 91-359 days |
| ₱25,000 – ₱299,999 | 0.750% | 0.875% |
| ₱300,000 – ₱499,999 | 0.875% | 1.000% |
| ₱500,000 – ₱999,999 | 1.000% | 1.250% |
| ₱1M – ₱4,999,999 | 1.125% | 1.500% |
| ₱5M and above | 1.500% | 1.750% |
Rates go up as your placement grows, so you can earn more with flexible placements if you have a bigger amount earmarked for this. For most regular savers with a ₱50,000-range budget, though, the Classic or ADDvantage Flex products will likely give you a better return.
Interest is credited to your account upon maturity. Visit the Flexi Rate Time Deposit page for the full conditions.
Maybank time deposit rates
If you put your money in a time deposit account, you earn more than what a regular savings account offers. Full stop.
Maybank time deposit rates in 2026 range from 0.750% up to 3.000% — depending on the product, the term, and how much you’re placing. The ADDvantage 5-Year Time Deposit sits at the top at 3.000% p.a. with a fixed rate for the full term.
How does that compare to Eastwest Bank? Eastwest currently offers 3.570% for a 360-day peso time deposit with a ₱100,000 placement, which beats Maybank on short-to-medium terms. For the long haul, Eastwest’s 5-year + 1 day rate comes in at 4.400%, which tops Maybank’s 3.000% on that end too.
So in terms of raw rate, Eastwest has the edge right now. But Maybank’s 5-year product still has its appeal: the fixed guaranteed rate means you know exactly what you’re getting for five years. No rate adjustments, no guessing.
For short-term placement — say the 91-359 day Classic Time Deposit with a ₱100,000 initial placement — Maybank’s rate of 1.750% is competitive, though not the highest in the market.
Maybank vs Security Bank and other time deposit rates in the Philippines
Here’s how Maybank stacks up against other banks for a ₱100,000 placement as of April 2026:
| 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% |
| Security Bank | Peso Time Deposit | 1 – 12 months | 1.560% – 2.600% |
| Maybank | Classic Time Deposit | 31 – 359 days | 1.500% – 1.750% |
| RCBC | Peso Time Deposit | 30 – 365 days | 0.625% – 1.125% |
| 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 |
Right now, Eastwest Bank offers the highest short-term rate at 3.570% for 360 days with a ₱100,000 placement. UnionDigital Bank also offers strong rates at 2.500%-3.150% — worth looking into if you’re comfortable with a digital bank.
Security Bank is another one to watch. Their 12-month rate for a ₱100,000 placement sits at 2.600% — higher than Maybank’s Classic TD and PSBank’s top rate. If you already bank with Security Bank, that’s a competitive option without opening a new account elsewhere.
Maybank sits in the mid-range at 1.500%-1.750% for the Classic Time Deposit. Not the highest, but it’s a regulated, established bank — and if you’re going long-term, the ADDvantage 5-Year product at 3.000% with a fixed guaranteed rate is worth considering.
The big banks — BDO, Metrobank, BPI — are at the bottom of the table, offering as low as 0.125%. If your money is sitting in any of those, you might want to visit the nearest Maybank or Security Bank branch and see what you can do.
Whether it’s ₱25,000 or ₱500,000, the key is to at least give your money the opportunity to grow. Even a moderate rate beats leaving it idle.
Maybank Time Deposit vs Maybank Regular Savings Account
Time deposit accounts earn more than regular savings. That’s the whole point.
At Maybank, the regular peso savings account offers 0.25% interest per annum. If your balance is ₱100,000 or more and you make zero withdrawals, that rate can go up to 0.40%. Still modest.
If you have ₱100,000 and you want to put it to work, the 91-359 day Classic Time Deposit gives you 1.750% p.a. — that’s seven times more than the basic savings rate.
Both accounts are subject to 20% withholding tax. The ADDvantage 5-Year Time Deposit used to be the exception — tax-free for individuals held to maturity — but under the CMEPA law effective July 2025, that exemption no longer applies to new placements.
So yes, time deposits have the advantage. You just have to be okay with not touching your money until it matures. If you can hold off for a year or more, you’ll come out ahead.
One more thing worth knowing: deposits in Maybank are insured by PDIC up to ₱1 million per depositor. That limit was updated from the old ₱500,000 cap — good news for anyone placing larger amounts. Maybank Philippines Inc. is regulated by the Bangko Sentral ng Pilipinas, so your placement has the standard protections in place.
For inquiries, you can reach Maybank at (02) 8588-3888, PLDT Domestic Toll Free 1800-10-588-3888, or email [email protected]. You can also apply for a Maybank time deposit by visiting your nearest Maybank branch — they can walk you through the current rates and help you figure out which product fits your goals.
What do you think of the Maybank time deposit lineup for 2026? Is the ADDvantage 5-Year still on your radar, or are you eyeing a higher-rate option like Eastwest? Let us know in the comments below.