1. The minimum amount to be deposited in opening a time deposit account shall be five thousand pesos (P5,000.00) (Revised August 2005)
2. The maturity dates oftime deposit shall be:
a. 30 days
b. 60 days
c. 90 days
d. 120 days
e. 150 days
f. 180 days
g. 360 days
3. The interest rate shall be determined by the bank and shall automatically be adjusted depending on prevailing interest rates in the market.
4. Certificate of Time Deposits are not transferable.
5. If withdrawal is made before maturity date, the rate of interest shall be based on prevailing rate of savings deposit. (Revised-Aug. 2002)
6. If not renewed on maturity date, interest shall be computed at savings rate unless client has instructions for automatic renewal/roll-over.