EastWest Bank savings and time deposit rates
EastWest Bank's best account for ₱100,000 is Online Peso Time Deposit (360 days) at 3.82% a year (EastWest Bank rate page, effective September 29, 2026). Left for a year, ₱100,000 earns ₱3,014.14 after the 20% final tax, 5th of the 18 banks on this site.
Our take: keep only your day-to-day money at EastWest Bank. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱1,385.86 more on the same ₱100,000 a year after tax (see UNOBank). Choose the Online Peso Time Deposit if you will not need the money for 360 days: it pays ₱2,934.11 more than Regular Savings. If you might, stay in Regular Savings.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankEast West Banking Corporation (BSP short name EWBC) is on the BSP's list of supervised institutions as a universal and commercial bank with 394 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 Online Peso Time Deposit from EastWest Bank's own Online Peso Time Deposit page.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱3,014.14
- Gross interest
- ₱3,767.67
- Final tax withheld (20%)
- ₱753.53
- Rate used
- 3.82%
- Balance at the end
- ₱103,014.14
Time deposit: simple interest for 360 days (360 days over 365), paid at maturity.
Worked example, Online Peso Time Deposit, 360 days: ₱100,000 × 3.82% (EastWest Bank rate page, effective September 29, 2026) × 360 days ÷ 365 = ₱3,767.67 gross. Less the 20% final tax (₱753.53; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱3,014.14 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
- EastWest asks for at least one unexpired ID with photo and signature. bank page
- You also need a proof of billing under your name and home address. bank page
- Minors need a PSA birth certificate. bank page
- Non-residents and OFWs need a passport, and non-citizens also need an ACR or ICR. bank page
- Regular Savings needs a ₱5,000 minimum initial deposit and ₱5,000 maintaining balance. bank page
- Passbook Savings needs a ₱10,000 minimum initial deposit and ₱10,000 maintaining balance. bank page
When to skip it
- Regular Savings: skip it if your balance usually sits under ₱10,000, because it pays no interest below that.
- Peso Time Deposit: the top rate needs ₱10,000,000 or more; smaller placements earn less.
- Online Peso Time Deposit: the top rate needs ₱10,000,000 or more; smaller placements earn less.
Published rates, account by account
Regular Savings
0.10% a year, grossRegular Savings: initial deposit 5,000, minimum maintaining balance 5,000, balance to earn interest 10,000, 0.100% per annum.
Opening deposit ₱5,000. Maintaining balance ₱5,000.
As listed on EastWest Bank's rate page on October 2, 2026. EastWest Bank
Peso Time Deposit
0.625% to 3.75% a year, grossPhP Gross Interest Rates are subject to 20.00% p.a. withholding tax.
Rates for placements from 29 September to 5 October 2026. EastWest reprices weekly.
| Term | ₱10,000 to ₱99,999 | ₱100,000 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 ₱100,000,000 |
|---|---|---|---|---|---|---|---|
| 30 days | 0.625% | 3.05% | 3.05% | 3.05% | 3.05% | 3.05% | 3.27% |
| 60 days | 0.675% | 3.17% | 3.17% | 3.17% | 3.17% | 3.17% | 3.39% |
| 90 days | 0.725% | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% | 3.50% |
| 180 days | 0.825% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.70% |
| 270 days | 1.125% | 3.52% | 3.52% | 3.52% | 3.52% | 3.52% | 3.70% |
| 360 days | 1.125% | 3.57% | 3.57% | 3.57% | 3.57% | 3.57% | 3.75% |
Effective September 29, 2026 to October 5, 2026, per EastWest Bank's rate page. EastWest Bank
Online Peso Time Deposit
0.875% to 4.00% a year, grossOnline Peso Time Deposit (inclusive of 0.25% bonus rate).
Includes a 0.25% bonus rate for opening online. Rates for 29 September to 5 October 2026.
| Term | ₱10,000 to ₱99,999 | ₱100,000 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 ₱100,000,000 |
|---|---|---|---|---|---|---|---|
| 30 days | 0.875% | 3.30% | 3.30% | 3.30% | 3.30% | 3.30% | 3.52% |
| 60 days | 0.925% | 3.42% | 3.42% | 3.42% | 3.42% | 3.42% | 3.64% |
| 90 days | 1.225% | 3.78% | 3.78% | 3.78% | 3.78% | 3.78% | 4.00% |
| 180 days | 1.075% | 3.77% | 3.77% | 3.77% | 3.77% | 3.77% | 3.95% |
| 270 days | 1.375% | 3.77% | 3.77% | 3.77% | 3.77% | 3.77% | 3.95% |
| 360 days | 1.375% | 3.82% | 3.82% | 3.82% | 3.82% | 3.82% | 4.00% |
Effective September 29, 2026 to October 5, 2026, per EastWest Bank's rate page. EastWest Bank
Peso Time Deposit, 2 to 5 years
4.40% a year, grossPhP 10,000 and above: 4.400% for 2, 3, 4 and 5 years + 1 day.
| Term | ₱10,000 and up |
|---|---|
| 2 years | 4.40% |
| 3 years | 4.40% |
| 4 years | 4.40% |
| 5 years and 1 day | 4.40% |
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 |
|---|---|---|---|
| Regular Savings | ₱5,000 | ₱5,000 | ₱10,000 |
| Peso Time Deposit | ₱10,000 | Not applicable | ₱10,000 |
| Online Peso Time Deposit | ₱10,000 | Not applicable | ₱10,000 |
| Peso Time Deposit, 2 to 5 years | ₱10,000 | Not applicable | ₱10,000 |
- When interest is paidPeso time deposit rates are reset weekly; the table here is for placements from 29 September to 5 October 2026. bank page
- MinimumsRegular Savings needs ₱5,000 to open and as a maintaining balance, and earns interest only from ₱10,000. bank page
- TaxEastWest Bank 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 | ₱10.00 |
| PESONet, business | Free |
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 EastWest Bank 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 EastWest Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at EastWest Bank 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
- East West Banking Corporation
- BSP category
- Universal and commercial bank
- Head office
- The Beaufort, 5th Avenue Corner 23rd Street, Fort Bonifacio Global City, Taguig City
- Offices
- 394
- President
- Ms. Jacqueline S. Fernandez
- Website
- eastwestbanker.com
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a EastWest Bank account, complain to EastWest Bank 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 EastWest Bank'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 EastWest Bank safe?
The BSP Verifier list updated September 28, 2026 has East West Banking Corporation 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 EastWest Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that EastWest Bank 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 EastWest Bank 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