Use this Time Deposit Calculator Philippines to estimate your interest earnings and total maturity value based on your deposit amount, interest rate, and investment term. This calculator helps Filipino savers, employees, retirees, and OFWs plan their savings with confidence using a safe and low-risk investment option.

Time deposits are one of the most reliable savings products offered by banks in the Philippines, providing guaranteed returns and protection of your principal.

A Time Deposit (also known as a Term Deposit) is a savings product where you deposit a fixed amount of money in a bank for a specific period, called a term, in exchange for a fixed interest rate.

Unlike regular savings accounts, time deposits offer higher interest rates because your money is locked in for a set duration. At the end of the term, you receive your original deposit plus the earned interest.

Time deposits are ideal for people who want:

• • Predictable returns

  • Low risk

  • Short to medium-term savings goals

Philippine Digital Bank Time Deposit Rates (as of November 2025)

📅 Rates are indicative and may change. Always check your bank’s official app or website before opening an account.

Source note: Rates shown are based on publicly available information from digital banks’ official apps and announcements and may change without notice.

Example: Maya Time Deposit Plus Calculation

Let’s say you invest ₱100,000 in Maya Time Deposit Plus for 6 months at 6% p.a.

Total Gross Interest: ₱3,030.00
Total Tax: ₱606.00
Net Interest: ₱2,424.00
Final Balance: ₱102,424.00

This shows how compounding and tax affect your final earnings.

How Time Deposits Work in the Philippines

Here’s how a typical time deposit works:

1. You deposit a lump sum amount (e.g., ₱10,000, ₱50,000, ₱100,000)
2. You choose a term (30 days, 90 days, 6 months, 1 year, or longer)
3. The bank applies a fixed interest rate
4. You earn interest over the agreed period
5. At maturity, you receive your principal + interest

⚠️ Withdrawing before maturity may result in lower interest earnings or penalties, depending on the bank.

Example 3: Short-Term Time Deposit

• Deposit: ₱20,000

• Interest Rate: 2.5%

• Term: 3 months

Interest Earned: ₱125
Maturity Value: ₱20,125

Risks and Considerations

While time deposits are safe, there are a few things to consider:

❌ Early withdrawal penalties
❌ Lower returns compared to higher-risk investments
❌ Interest income may be subject to tax

Time deposits are best for capital preservation, not aggressive growth.

Is Time Deposit Interest Taxable in the Philippines?

Yes. Interest earned from time deposits is subject to withholding tax under Philippine tax regulations.

The tax is usually deducted automatically by the bank, so the amount you receive at maturity is already net of tax.

Why Use Our Time Deposit Calculator?

✅ Free and easy to use
✅ Accurate estimates
✅ No registration required
✅ Designed for Philippine banks
✅ Helpful for financial planning

How the Withholding Tax Works

In the Philippines, time deposit interest is subject to 20% final withholding tax.
The tax is automatically deducted by the bank, so what you receive in your account is already net of taxes.

Example:
If your gross interest is ₱1,000 → 20% tax = ₱200 → ₱800 net credited.

This is why calculators like this help you see the real, take-home growth of your savings — not just the advertised rates.

What Makes This Time Deposit Calculator Different?

Unlike basic calculators, this Time Deposit Calculator Philippines shows:

• Monthly interest breakdown
• Automatic 20% withholding tax computation
• Net interest after tax (real take-home earnings)
• Comparison across Philippine digital banks
• Clear examples for different deposit terms

This helps you make smarter savings decisions instead of relying on advertised rates alone.

Disclaimer

This calculator is for estimation purposes only. Actual interest rates, taxes, and maturity values may vary depending on bank policies and current regulations. Always consult your bank or financial advisor for official figures