Compare traditional and digital bank time deposit estimates from 3 months to 5 years with 20% withholding tax and negotiated-rate scenarios.
Selected Gross Annual Rate
5.75%
Withholding Tax
20.00%
Gross Interest
₱28,750.00
Tax Deducted
₱5,750.00
Net Interest
₱23,000.00
Final Value
₱523,000.00
Effective Net Annual Rate
4.60%
Source product: Time Deposit Plus
Minimum deposit: ₱5,000.00
Day-count basis: 365
Selected tenor days: 365
Data confidence: Indicative range
Last checked: 2026-02
Source URL: https://www.mayabank.ph/time-deposit-plus/
| Term | Gross Rate Min | Gross Rate Max | Notes |
|---|---|---|---|
| 3 Months | 5.50% | 6.00% | — |
| 6 Months | 5.50% | 6.00% | — |
| 1 Year | 5.50% | 6.00% | — |
This tool provides simulated time deposit return estimates based on sample Philippine market rates. Rates are not guaranteed and may vary per bank and deposit amount. All interest earnings are subject to 20% withholding tax under Philippine law. Please confirm actual rates directly with your chosen bank before making any financial decision. PinoyLokal is not affiliated with any financial institution.
This calculator provides simulation-based estimates for Philippine time deposits across 3 months to 5 years, including Traditional and Digital bank scenarios.
All interest outputs apply a 20% withholding tax assumption to align with common Philippine time deposit tax treatment for planning purposes.
For 3- and 6-month terms, the tool uses simple interest. For 1-year and longer terms, it uses annual compounding to project growth year by year.
Negotiated-rate scenarios can improve estimated rates for larger deposits. The tool applies +0.25% for ₱500,000 to under ₱1,000,000 and +0.50% for ₱1,000,000 and above.
Use Compare Mode to evaluate Traditional and Digital outcomes side-by-side using the same principal, term, and negotiated-rate setting.
This tool is educational and not affiliated with any bank. Confirm actual offers, eligibility, and final rates directly with your chosen financial institution.
Short-term: Final = Principal + (Principal × Annual Rate × (Tenor Days / Day-Count Basis) × 0.8) | 1 year+: Final = Principal × (1 + Annual Rate × 0.8)^Years, with Day-Count Basis toggle (365 or 360).
For ₱500,000 at 12 months, a 6% digital scenario applies 20% tax on interest and projects year-end value after net reinvestment.
No. It uses configurable market scenario rates for simulation and planning only, not official real-time rates.
The simulation applies a 20% withholding tax on interest income, which is a common Philippine treatment for time deposits.
Negotiated-rate boosts apply for larger deposits in this simulation: +0.25% at ₱500,000+ and +0.50% at ₱1,000,000+.
Yes. Set Compare Mode to Yes and the results panel will show side-by-side key outputs for both scenarios.