Time Deposit
- A special savings deposit account exclusive for member cooperative that has a fixed term and earns fixed interest
- based on principal amount
- Initial and minimum deposit of P100,000.00
- Variable term or 120, 180 to 360 days
- Tax Exempt
- Time Deposit Certificate
Short Term – 4 Months Placement
| NET RATE w/ TAX EXEMPTION (Annual) | ADMIN FEE | MEMBER'S RATE |
|---|---|---|
| 5.75% | 1.75% | 4.00% |
Minimum – P 100,000
| QMPC Sample Computation | |
|---|---|
| Time Deposit: | P 100,000.00 |
| x 0.0575 | |
| Interest kada taon: | P 5,750.00 / 12 x 4 months = |
| Total Interest for 4 months: | P 1,916.67 |
| Less: Admin Fee (1.75%): | P 583.33 |
| Kita sa loob ng 4 months | P 1,333.34 |