SPECIAL SAVINGS DEPOSIT (SSD)
A high-yielding time-deposit program with maturity periods of 180 days or 365 days
SSD INTEREST RATES
180
Days
| AMOUNT | INTEREST RATE |
|---|---|
| ₱1,000 - ₱100,000 | 1.25% |
| Over ₱100,000 - ₱500,000 | 1.50% |
| Over ₱500,000 - ₱1,000,000 | 3.00% |
| Over ₱1,000,000 - ₱2,000,000 | 3.50% |
| Over ₱2,000,000 - ₱5,000,000 | 4.00% |
365
Days
| AMOUNT | INTEREST RATE |
|---|---|
| ₱1,000 - ₱100,000 | 2.00% |
| Over ₱100,000 - ₱500,000 | 2.50% |
| Over ₱500,000 - ₱1,000,000 | 4.00% |
| Over ₱1,000,000 - ₱2,000,000 | 4.50% |
| Over ₱2,000,000 - ₱5,000,000 | 5.00% |
FREQUENTLY ASKED QUESTIONS
Each SSD account shall be evidenced by an SSD Deposit Certificate.
The maximum deposit is P5 Million per SSD account.
The deposit interest rate is computed based on the maturity value of the SSD account.
Documentary Stamp Tax (DST) charged on SSD accounts shall be ₱1.5 per ₱200 of the SSD value or a fraction of 365 days for terms less than 1 year.
The interest rate of your earnings shall be recomputed at 1% per annum from the date of placement up to the date of full-withdrawal or pre-termination.
There is a lock-in period so partial withdrawal is not allowed. You may opt to pre-terminate your account and get a lower interest rate or you can apply for an SSD loan.
Yes, but the applicable pre-termination interest rate shall apply: 1% per annum
Interest shall be recomputed at 1% per annum from placement date to date of pre-termination. Pretermination value shall be computed by multiplying the principal amount to 1% prorated by the number of days in a 365-day year.
Please refer to SSD Loan.
Yes. You are required to appear in person during your SSD account pre-termination or when claiming the maturity value of your SSD account.
