BDO savings and time deposit rates
BDO's best account for ₱100,000 is Peso Time Deposit (360 days) at 0.25% a year (BDO rate page, as listed on October 2, 2026). Left for a year, ₱100,000 earns ₱197.26 after the 20% final tax, 14th of the 18 banks on this site.
Our take: keep only your day-to-day money at BDO. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱4,202.74 more on the same ₱100,000 a year after tax (see UNOBank). Choose the Peso Time Deposit if you will not need the money for 360 days: it pays ₱147.25 more than ATM Savings. If you might, stay in ATM Savings.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankBDO Unibank, Inc. (BSP short name BDO) is on the BSP's list of supervised institutions as a universal and commercial bank with 1,306 offices, and its deposits are insured by the PDIC up to ₱1,000,000 per depositor. BSP Verifier, Institutions list updated September 28, 2026
Next: see what you need to open an account, then open Peso Time Deposit from BDO's own Peso Time Deposit page or the bank’s official app.
Formerly or also known as BDO Unibank.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱197.26
- Gross interest
- ₱246.58
- Final tax withheld (20%)
- ₱49.32
- Rate used
- 0.25%
- Balance at the end
- ₱100,197.26
Time deposit: simple interest for 360 days (360 days over 365), paid at maturity.
Worked example, Peso Time Deposit, 360 days: ₱100,000 × 0.25% (BDO rate page, as listed on October 2, 2026) × 360 days ÷ 365 = ₱246.58 gross. Less the 20% final tax (₱49.32; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱197.26 you keep. Compare it with every bank's rate for the same term in time deposit rates.
The 20% final tax applies from July 1, 2025 under Sections 24(B)(1) and 25(A)(1) of the Tax Code, as amended by RA 12214 (Capital Markets Efficiency Promotion Act) (BIR, RR 21-2025). It replaced the old exemption for deposits of five years or more; see the final withholding tax and time deposit vs MP2 after tax.
What you need to open an account
- To open online, you need one valid ID with your photo and signature and a selfie holding that ID; a BDO representative then checks your application on a Microsoft Teams video call, and you must fund the account within 7 days of approval. bank page
- One ID is enough if it is a passport, driver's license, PRC ID, UMID, SSS ID, PhilSys ID, or a school ID for minors. BDO may ask for more documents. bank page
- At a branch, bring the filled-in account opening forms, a valid ID and the opening deposit. bank page
- A BDO Kabayan Savings account needs 1 valid ID and ₱100 to open. bank page
When to skip it
- ATM Savings: skip it if your balance usually sits under ₱5,000, because it pays no interest below that.
- Passbook Savings: skip it if your balance usually sits under ₱10,000, because it pays no interest below that.
- Kabayan Savings (Peso): skip it if your balance usually sits under ₱5,000, because it pays no interest below that.
- Peso Time Deposit: the top rate needs ₱5,000,000 or more; smaller placements earn less.
Published rates, account by account
ATM Savings
0.0625% a year, grossMinimum Initial Deposit ₱2,000. Minimum MADB Requirement ₱2,000. Minimum Balance to Earn Interest ₱5,000. Gross Interest Rate Per Annum 0.0625%. Falling Below Minimum Balance ₱300.
Opening deposit ₱2,000. Maintaining balance ₱2,000.
As listed on BDO's rate page on October 2, 2026. BDO
Passbook Savings
0.0625% a year, grossMinimum Initial Deposit ₱5,000. Minimum MADB Requirement ₱10,000. Minimum Balance to Earn Interest ₱10,000. Gross Interest Rate Per Annum 0.0625%. Falling Below Minimum Balance ₱300.
Opening deposit ₱5,000. Maintaining balance ₱10,000.
Kabayan Savings (Peso)
0.0625% a year, grossRequirement 1 valid ID. Minimum Initial Deposit ₱100. Minimum MADB Requirement ₱0. Minimum Balance to Earn Interest ₱5,000. Gross Interest Rate Per Annum 0.0625%.
For overseas Filipinos and their families. No fee for falling below a minimum balance.
Opening deposit ₱100. Maintaining balance none.
Peso Time Deposit
0.125% to 0.50% a year, grossInterest rates per annum from 0.125% (₱1,000 to below ₱10,000, 30 to 360 days) to 0.500% (₱5 million and over, 180 to 360 days). Interest rates are indicative and are subject to change without notice.
Minimum placement ₱1,000. BDO says the rates are indicative and to confirm with the branch when you place.
| Term | ₱1,000 to ₱9,999 | ₱10,000 to ₱49,999 | ₱50,000 to ₱99,999 | ₱100,000 to ₱199,999 | ₱200,000 to ₱499,999 | ₱500,000 to ₱999,999 | ₱1,000,000 to ₱2,999,999 | ₱3,000,000 to ₱4,999,999 | ₱5,000,000 to ₱9,999,999 | ₱10,000,000 to ₱19,999,999 | ₱20,000,000 and up |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 days | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| 60 days | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| 90 days | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.125% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| 180 days | 0.125% | 0.125% | 0.125% | 0.25% | 0.25% | 0.25% | 0.375% | 0.375% | 0.50% | 0.50% | 0.50% |
| 360 days | 0.125% | 0.125% | 0.125% | 0.25% | 0.25% | 0.25% | 0.375% | 0.375% | 0.50% | 0.50% | 0.50% |
Every bank's time deposit rates side by side: time deposit rates.
Maintaining balance, interest and fees
| Account | Opening deposit | Maintaining balance | Earns interest from |
|---|---|---|---|
| ATM Savings | ₱2,000 | ₱2,000 | ₱5,000 |
| Passbook Savings | ₱5,000 | ₱10,000 | ₱10,000 |
| Kabayan Savings (Peso) | ₱100 | None | ₱5,000 |
| Peso Time Deposit | ₱1,000 | Not applicable | ₱1,000 |
- When interest is paidSavings interest is computed on the daily available balance and credited at the end of the month, less the withholding tax. Dormant accounts, and accounts closed before month-end crediting, earn no interest. bank page
- Below the maintaining balanceA ₱300 fee is charged if your monthly average daily balance stays below the required minimum for two months in a row. Closing an account within 30 days of opening also costs ₱300. bank page
- Early withdrawal or closingTaking money out of a time deposit early, even partly, closes it and follows BDO's early redemption policy; BDO may ask for one banking day's notice. A time deposit left past maturity without instructions earns only the savings rate. bank page
- Dormant accountsA savings account with no activity you started for 2 years becomes dormant. If it is also below the minimum balance, a ₱30 dormancy fee is collected starting 5 years after the last activity. bank page
- TaxBDO withholds 20% of the gross interest each time it credits interest, so the amount you see is already net. Since July 1, 2025 (RA 12214; BIR RR 21-2025) this applies to every deposit term and to dollar deposits too. The deposit itself is not taxed.
Transfer fees
| InstaPay, personal | Free in the BSP summary |
|---|---|
| PESONet, personal | Free |
| InstaPay, business | ₱25.00 |
| PESONet, business | ₱0.00 to ₱50.00 |
As disclosed to the BSP, as of August 31, 2026. Moving money in or out: compare InstaPay and PESONet fees across banks.
Is your money insured?
The PDIC insures deposits up to ₱1,000,000 per depositor, per bank, effective March 15, 2025, set by the PDIC Board under the PDIC Charter (RA 3591, as amended by RA 11840). All your BDO accounts in your own name are added together; anything above ₱1,000,000 there would not be insured if the bank closed. ₱1,500,000 kept as ₱1,000,000 at BDO and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at BDO alone leaves ₱500,000 uninsured. PDIC
- Your single accounts and accounts held "by", "in trust for" or "for the account of" you at the same bank are added together as one.
- A joint account is insured separately from your single accounts, whether it uses "and", "or" or "and/or".
- Unless the account documents say otherwise, a joint account's insured amount is split equally among the co-owners.
- Your shares across several joint accounts at the same bank are added together and insured up to the maximum.
- Any loan you owe the closed bank is deducted from your deposits there.
- Investment products such as bonds, securities and trust accounts are not deposits and are not insured.
Rules from the PDIC deposit insurance brochure. Work out your own cover, joint accounts included, in the PDIC deposit insurance calculator.
On the BSP register
- Registered name
- BDO Unibank, Inc.
- BSP category
- Universal and commercial bank
- Head office
- BDO Corporate Center, 7899 Makati Avenue, 1224 Makati City
- Offices
- 1,306
- President
- Mr. Nestor V. Tan
- Website
- bdo.com.ph
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a BDO account, complain to BDO first, then to the BSP (BOB chatbot on bsp.gov.ph or consumeraffairs@bsp.gov.ph) under RA 11765; if the bank closes, claims go to the PDIC.
What to do next
- Open or check the account on BDO's own site, and confirm the rate on your amount there before you deposit; banks change rates without notice.
- Compare the same amount across all 18 banks and 50 accounts in the time deposit and savings calculator.
- Holding more than ₱1,000,000? Split it across banks and check the result in the PDIC deposit insurance calculator.
Questions
Is BDO safe?
The BSP Verifier list updated September 28, 2026 has BDO Unibank, Inc. as a universal and commercial bank, so its deposits are PDIC-insured up to ₱1,000,000 per depositor, per bank, effective March 15, 2025. BSP Verifier
Do I declare BDO interest on my income tax return?
No. Since July 1, 2025, the 20% that BDO withholds is a final tax under RA 12214 and BIR RR 21-2025, so the interest is not added to your taxable income. BIR, Revenue Regulations No. 21-2025 digest
What if BDO closes?
File your deposit insurance claim with the PDIC within 2 years (24 months) of its takeover of the bank; its hotline is (02) 8841-4141 or (02) 8841-4000; toll free 1-800-1-888-7342 (1-800-1-888-PDIC); pad@pdic.gov.ph. source