How is Metrobank time deposit interest calculated?
How is Metrobank time deposit interest calculated?
Here are the steps:
- Get the principal amount and multiply by the interest per annum. P100,000 * 2% = P2,000.
- Get the total number of days and divide by 365 days.
- Multiply by your total in step 1.
- Multiply by .
- Add your step 4 total to the principal amount, then that is what you will get from the bank.
Which bank has the highest interest rate for time deposit in the Philippines?
1.750%
| Bank | Interest rate (PHP 100,000 for 1 year) | Interest (PHP) |
|---|---|---|
| EastWest | 3.900% | 3,120.00 |
| PBCOM | 3.500% | 2,800.00 |
| RCBC | 2.375% | 1,900.00 |
| Maybank | 1.750% | 1,400.00 |
How much is the interest rate of Metrobank savings account?
2. Metrobank
| Product Name | Interest Rate | Maintaining Balance |
|---|---|---|
| Metrobank Passbook Savings Account | 0.125% | 10,000 |
| Metrobank OFW Passbook Savings Account | 0.125% | 0 |
| Metrobank SSS Pensioner Debit/ATM Card Savings Account | 0.125% | 100 |
| Metrobank Debit/ATM Card Savings Account | 0.125% | 2,000 |
What are the interest rates on time deposits at Metrobank?
This time, we show you the interest rates of Metrobank’s Savings and Time Deposit accounts. Earn, save and invest to become wealthy and financially free! Must read these other awesome posts!
How can I grow my savings with Metrobank?
Reward yourself for saving by growing your money with time deposits. Now available on Metrobank Online. Time deposits let you keep your money within reach while letting them grow at a reliable rate. You keep your money in a savings account and you get it back plus interest at the end of the term.
Can you withdraw money early from a Metrobank account?
You can withdraw your money early but you only get 25% of interest earned when done during the first-half of the term, and 50% of the interest earned during the second-half of the term. Ready to apply? To open an account, simply log-in or sign up at Metrobank Online.
Where to find savings and time deposit interest rates?
(For more information about these bank products, browse through our “Save” tab in the menu above or head over to our Banking and Bank products section.) This time, we show you the interest rates of Metrobank’s Savings and Time Deposit accounts.