PNB 1 Year Time Deposit
Authority: The Philippine National Bank or PNB is a major philippine national commercial bank with over 300 branches in the country. It was established in 1916 and has branches domestically and abroad.
How to open a PNB Time Deposit:
You can open this deposit account by visiting a nearby physicial PNB domestic branches in the Philippines including branches in Luzon, Metro Manila, Mindanao or Visayas. You can find the nearest branch on their website.
Information on PNB 1 Year Time Deposit Rates:
Like other philippine banks, Philippine National Bank Peso Time Deposits are influenced by the BSP (Bangko Sentral ng Pilipinas) on whether they raise on lower interest rates including inflation forecasts and policies. When PNB factors its 1 Year Time Deposits, they would forecast the BSP policies as well capital requirements, regulations and bank profit margin spreads. They may also decide to tier the rates according to amounts deposited to encourage higher returns for higher deposits.�
The current interest rates applies to PNB Peso time deposits that range 1 year for amounts > 5M.
The rate of 1.125% is 0.18% lower than the average 1.3%. Also it is 0.625 % lower than the highest rate.Updated May, 2016