Landbank savings and time deposit rates
Landbank's best account for ₱100,000 is GreenGrowth Deposit (1 year) at 2.00% a year (Landbank rate page, effective August 1, 2026). Left for a year, ₱100,000 earns ₱1,600.00 after the 20% final tax, 11th of the 18 banks on this site.
Our take: keep only your day-to-day money at Landbank. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱2,800.00 more on the same ₱100,000 a year after tax (see UNOBank). Choose the GreenGrowth Deposit if you will not need the money for 1 year: it pays ₱1,559.99 more than Regular Passbook Savings. If you might, stay in Regular Passbook Savings.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankLand Bank of the Philippines (BSP short name LBP) is on the BSP's list of supervised institutions as a universal and commercial bank with 686 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 GreenGrowth Deposit from Landbank's own GreenGrowth Deposit page or the bank’s official app.
Formerly or also known as Land Bank of the Philippines, LBP.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱1,600.00
- Gross interest
- ₱2,000.00
- Final tax withheld (20%)
- ₱400.00
- Rate used
- 2.00%
- Balance at the end
- ₱101,600.00
Time deposit: simple interest for 1 year (365 days over 365), paid at maturity.
Worked example, GreenGrowth Deposit, 1 year: ₱100,000 × 2.00% (Landbank rate page, effective August 1, 2026) × 365 days ÷ 365 = ₱2,000.00 gross. Less the 20% final tax (₱400.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱1,600.00 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
- One valid photo-bearing government-issued ID, preferably showing your complete address (for example from the DFA, GSIS, SSS, LTO or PRC). bank page
- At the branch you sign a Customer Information Sheet, Specimen Signature Card, the terms and conditions and a data privacy consent form; US persons also sign a FATCA form. bank page
- You can fill in the application online first through Landbank's Digital Onboarding System, then visit the branch with at least 1 valid ID and the opening deposit to finish. bank page
When to skip it
- Regular Passbook Savings: skip it if your balance usually sits under ₱10,000, because it pays no interest below that.
- Savings Account with ATM Access: skip it if your balance usually sits under ₱2,000, because it pays no interest below that.
- PISO (Perang Inimpok Savings Options) Account: skip it if your balance usually sits under ₱2,000, because it pays no interest below that.
- GreenGrowth Deposit: the top rate needs ₱5,000,000 or more; smaller placements earn less.
Published rates, account by account
Regular Passbook Savings
0.05% a year, grossMinimum Initial Deposit ₱10,000. Required Minimum Average Daily Balance ₱10,000. Interest Rate (per Annum) 0.05%. Required Daily Balance To Earn Interest ₱10,000. Service Charge Below Minimum ADB ₱200.
Rate in effect since 1 August 2020, per Landbank's deposit account information sheet as of 1 August 2026.
Opening deposit ₱10,000. Maintaining balance ₱10,000.
Effective August 1, 2020, per Landbank's rate page. Landbank
Savings Account with ATM Access
0.05% a year, grossMinimum Initial Deposit ₱500. Required Minimum Average Daily Balance ₱500. Interest Rate (per Annum) 0.05%. Required Daily Balance To Earn Interest ₱2,000. Service Charge Below Minimum ADB ₱200.
Opening deposit ₱500. Maintaining balance ₱500.
Effective August 1, 2020, per Landbank's rate page. Landbank
PISO (Perang Inimpok Savings Options) Account
0.05% a year, grossMinimum Initial Deposit ₱1.00. Required Minimum Average Daily Balance None. Interest Rate (per Annum) 0.05%. Required Daily Balance To Earn Interest ₱2,000. Service Charge Below Minimum ADB Waived.
The balance cannot go above ₱50,000.
Opening deposit ₱1. Maintaining balance none.
As listed on Landbank's rate page on October 2, 2026. Landbank
GreenGrowth Deposit
2.00% to 4.00% a year, grossLANDBANK GreenGrowth Deposit, ₱50,000, 1 Year: P50K to below P500K 2.00%; P500K to below P5M 3.00%; P5M and above 4.00%.
Minimum ₱50,000 for 1 year; interest is paid at maturity. Rates as of 1 August 2026 (they were 2.25%, 3.25% and 4.25% in January 2026). If you end it early, the rate reverts to the regular savings rate.
| Term | ₱50,000 to ₱499,999 | ₱500,000 to ₱4,999,999 | ₱5,000,000 and up |
|---|---|---|---|
| 1 year | 2.00% | 3.00% | 4.00% |
Effective August 1, 2026, per Landbank's rate page. Landbank
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 Passbook Savings | ₱10,000 | ₱10,000 | ₱10,000 |
| Savings Account with ATM Access | ₱500 | ₱500 | ₱2,000 |
| PISO (Perang Inimpok Savings Options) Account | ₱1 | None | ₱2,000 |
| GreenGrowth Deposit | ₱50,000 | Not applicable | ₱50,000 |
- When interest is paidSavings interest accrues daily while the account meets the balance needed to earn interest, and is credited at the end of each quarter. bank page
- MinimumsThe Peso Time Deposit needs ₱1,000 for at least 30 days; Landbank sets its rate by amount and term at the branch and does not publish a rate table online. bank page
- Below the maintaining balanceA ₱200 monthly charge starts once your average daily balance has been below the requirement at two month-ends in a row. Closing within 30 days of opening costs ₱300. bank page
- Early withdrawal or closingEnding a Peso Time Deposit early drops it to the regular savings rate, and Landbank asks for written notice 7 days before the withdrawal. bank page
- Dormant accountsA savings account with no transaction you started for 2 years, and below the required balance, pays a ₱30 monthly dormancy fee from the 5th year after the last transaction. bank page
- TaxLandbank 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 | ₱15.00 |
| PESONet, business | ₱10.00 to ₱150.00 |
[PESONet] For corporate clients, P15.00 per successful single transaction via weAccess; P10.00 per successful bulk transaction. 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 Landbank 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 Landbank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at Landbank 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
- Land Bank of the Philippines
- BSP category
- Universal and commercial bank
- Head office
- LandBank Plaza Bldg., 1598 M. H. Del Pilar cor. Dr. J. Quintos Sts., Malate, Manila 1004
- Offices
- 686
- President & Chief Executive Officer
- Ms. Ma. Lynette V. Ortiz
- Website
- landbank.com
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a Landbank account, complain to Landbank 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 Landbank'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 Landbank safe?
The BSP Verifier list updated September 28, 2026 has Land Bank of the Philippines 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 Landbank interest on my income tax return?
No. Since July 1, 2025, the 20% that Landbank 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 Landbank 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