Foreign Currency Time Deposit
Product Features
Minimum Initial Deposit
Click here for the minimum initial deposit required, required balances and interest rates for each
Withholding Tax
15%
Other Features
Fund Access
- EastWest Online and Mobile
- Over-The-Counter
Transaction Record
- TD Certificate
Dormancy Charge
P 30.00 per month
(Applied to dormant accounts 5 years and above AND balance falls below the minimum monthly ADB)
Foreign Currency Time Deposit Rates
USD Time Deposit
| Amount Range | 30 Days | 60 Days | 90 Days | 180 Days | 270 Days | 360 Days |
|---|---|---|---|---|---|---|
| USD 1,000 to < 2,000 | 0.135% | 0.135% | 0.135% | 0.135% | 0.160% | 0.170% |
| USD 2,000 to < 5,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 2,000 to < 5,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 10,000 < 20,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 20,000 < 50,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 50,000 < 100,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
| USD 100,000 < 200,000 | 2.750% | 2.900% | 3.100% | 3.150% | 3.150% | 3.150% |
Gross Interest Rates for USD and 3rd currency deposits are subject to the following withholding tax p.a.:
> 15% for Domestic Corporation/Individual Citizen or Resident Alien
> 7.5% for Resident Foreign Corporation
Long Term USD Time Deposit
| Term of Fixed Quarterly Payout | 2 Years | 3 Years | 4 Years | 5 Years + 1 Day |
|---|---|---|---|---|
| PhP 10,000 and above | 3.300% | 3.300% | 3.300% | 3.300% |
USD Gross Interest Rates are subject to 15% p.a. withholding tax
*Also available for terms of 360 days, up to 5 years
RMB Time Deposit
| Term of Fixed Quarterly Payout | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| RMB 5,000 and above | 1.000% | 1.000% | 1.250% | 1.250% |
RMB Gross Interest Rates are subject to 15% p.a. withholding tax
EURO Time Deposit
| Term of Fixed Quarterly Payout | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| EUR 500 and above | 0.105% | 0.105% | 0.120% | 0.150% |
EUR Gross Interest Rates are subject to 15% p.a. withholding tax
JPY Time Deposit
| Term of Fixed Quarterly Payout | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| JPY 50,000 and above | 0.000% | 0.000% | 0.000% | 0.000% |
JPY Gross Interest Rates are subject to 15% p.a. withholding tax
SGD Time Deposit
| Term of Fixed Quarterly Payout | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| SGD 1,000 and above | 0.200% | 0.200% | 0.200% | 0.200% |
SGD Gross Interest Rates are subject to 15% p.a. withholding tax
AUD Time Deposit
| Term of Fixed Quarterly Payout | 30 Days | 60 Days | 90 Days | 180 Days |
|---|---|---|---|---|
| AUD 1,000 < 20,000 | 0.500% | 0.500% | 1.000% | 1.000% |
| AUD 20,000 < 50,000 | 0.500% | 0.500% | 1.000% | 1.000% |
| AUD 50,000 < 100,000 | 0.500% | 0.500% | 1.000% | 1.000% |
| AUD 100,000 and above | 0.500% | 0.500% | 1.000% | 1.000% |
AUD Gross Interest Rates are subject to 15% p.a. withholding tax
Want to know more about our Time Deposit? Contact us now.
Visit any EastWest Store.
Call 24-Hour Customer Service at (+632) 8888-1700
Email us at service@eastwestbanker.com.
For new deposit customers
Download and fill-out the account opening form here
Email the completed form and requirements here
Claim your EastWest Visa Debit Card and/or passbook at your selected store upon email confirmation.
For new depositors opening other foreign currency deposits
Fill out the account opening form here
Visit your preferred EastWest Store to submit the completed form together with the requirement listed.
For existing deposit customers
At least one (1) un-expired Identification Document (ID) with photo and signature
List of Accepted IDs
- Philippine Identification – PhilID
- Passport
- Driver’s License
- Professional Regulations Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance (Digitized)
- Postal ID (Digitized)
- Tax Identification Number (TIN) (Digitized)
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration (OWWA) ID
- OFW ID
- Seaman’s Book
- Professional ID cards issued by the Maritime Industry Authority (MARINA)
- Government Office and GOCC ID e.g. Armed Forces of the Philippines (AF ID), Home Development Mutual Fund (HDMF ID)
- Certificate from the National Council for the Welfare of Disabled Persons (NCWDP)
- ID issued by the National Council on Disability Affairs (NCDA)
- Unified Multi-Purpose ID Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines
- Company IDs issued by private entities for institutions registered with or supervised or regulated either by the BSP, SEC or IC
- Other identification document that can be verified using reliable, independent source documents, data, or information
- Proof of billing (under your name & home address)
- Presentation of additional documents for:
Minors
- Original and clear copy of NSO Birth Certificate
- For Guardian or Administrator, or original and clear copy of the Court Order appointing them
Tax-Exempt Individuals
- Notarized Tax Exemption Affidavit executed by the applicant/depositor
- Certification of Tax Exemption issued by Revenue District Office (RDO)
Non-Resident individual and OFW
- Passport
- Alien Certificate of Registration (ACR), Immigrant Certificate of Registration (ICR) for non-citizen of the Philippines
- Contract of Employment for Philippine citizens
Frequently Asked Questions
It's a savings account where funds are deposited for a fixed period, earning higher interest rates.
Visit a bank, choose a term (e.g., 6 months), deposit funds, and lock in the interest rate.
Offers higher interest rates than regular savings accounts and protects against market fluctuations during the term.
Early withdrawal often incurs penalties or loss of interest; check the account terms for details.
Yes, banks usually have minimum deposit requirements; the amount varies based on the bank and term chosen.
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