Question 1

What is a time deposit?

Accepted Answer

A time deposit is a bank account that locks your money for a fixed term in exchange for a guaranteed interest rate.

Question 2

How is interest calculated?

Accepted Answer

Banks state annual rates. Earnings depend on rate, compounding, amount, and the chosen term; withholding tax may apply.

Question 3

What currencies can I compare?

Accepted Answer

Topbanks tracks PHP, USD, and other currencies when available from the bank.

Question 4

Is there a minimum amount?

Accepted Answer

Minimum placement varies by product. Use the filters to match your amount to eligible products.

Question 5

Can I withdraw early?

Accepted Answer

Early withdrawals may result in penalties or lost interest. Check the specific bank’s terms before placing a deposit.

Deposits (2 available)