Metrobank savings and time deposit rates
Metrobank's best account for ₱100,000 is Online Time Deposit (1 to 12 months) at up to 5.00% a year (Metrobank rate page, as listed on October 2, 2026). Left for a year, ₱100,000 earns up to ₱4,000.00 after the 20% final tax, 3rd of the 18 banks on this site.
Our take: worth it for money you want to grow; it is in the top 3 on this site for ₱100,000. Choose Online Time Deposit if you can leave the money for 1 to 12 months.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankMetropolitan Bank and Trust Company (BSP short name MBTC) is on the BSP's list of supervised institutions as a universal and commercial bank with 724 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 Time Deposit from Metrobank's own Online Time Deposit page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱4,000.00
- Gross interest
- ₱5,000.00
- Final tax withheld (20%)
- ₱1,000.00
- Rate used (published top rate)
- 5.00%
- Balance at the end
- ₱104,000.00
Time deposit: simple interest for 1 to 12 months (365 days over 365), paid at maturity. This bank publishes only its top rate, so your actual rate may be lower.
Worked example, Online Time Deposit, 1 to 12 months: ₱100,000 × 5.00% (Metrobank rate page, as listed on October 2, 2026) × 365 days ÷ 365 = ₱5,000.00 gross. Less the 20% final tax (₱1,000.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱4,000.00 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
- The eSavings account is opened fully online in the Metrobank App with no branch visit. bank page
- eSavings needs only one valid government-issued ID and basic personal information. bank page
- To open eSavings you must be a Filipino citizen aged at least 18. bank page
- Accepted IDs for eSavings are the Philippine passport, driver's license, Philippine National ID, UMID and PRC ID, and you need an active email and mobile number. bank page
- eSavings has no minimum balance. bank page
- The Regular Savings with Passbook account is opened at a branch with one valid photo-bearing ID with signature and a ₱10,000 initial deposit. bank page
- The passbook account's initial deposit and maintaining balance are both ₱10,000. bank page
- The Regular Savings with Debit Card account needs a ₱2,000 initial deposit and ₱2,000 maintaining balance. bank page
- The debit card savings account is opened at a branch with one valid photo-bearing ID with signature. bank page
When to skip it
- Time Deposit: Metrobank publishes only a top rate, so ask for the rate on your amount and term before you place money.
- Online Time Deposit: Metrobank publishes only a top rate, so ask for the rate on your amount and term before you place money.
Published rates, account by account
Time Deposit
up to 4.50% a year, grossCompetitive deposit rates of up to 4.5% per annum. You can start with as small as P10,000.
Metrobank publishes only a top rate, not a rate table. Pre-terminating pays 75% of interest earned in the first half of the term and 50% in the second half.
As listed on Metrobank's rate page on October 2, 2026. Metrobank
Online Time Deposit
up to 5.00% a year, grossUp to 5% gross per annum. Minimum placement of PHP 10,000. Choose your term, from 1 to 12 months.
The rate depends on the amount and term; Metrobank publishes only the top rate.
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 |
|---|---|---|---|
| Time Deposit | ₱10,000 | Not applicable | ₱10,000 |
| Online Time Deposit | ₱10,000 | Not applicable | ₱10,000 |
- MinimumsTime deposits start at ₱10,000; the online time deposit runs for 1 to 12 months. bank page
- Early withdrawal or closingMetrobank's time deposit FAQ says that withdrawing early pays 75% of the interest earned if you withdraw in the first half of the term and 50% in the second half. bank page
- TaxMetrobank 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 | Not offered |
| PESONet, business | ₱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 Metrobank 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 Metrobank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at Metrobank 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
- Metropolitan Bank and Trust Company
- BSP category
- Universal and commercial bank
- Head office
- Metrobank Plaza, Sen. Gil J. Puyat Avenue, Urdaneta Village, Makati City 1200
- Offices
- 724
- President
- Mr. Fabian S. Dee
- Website
- metrobank.com.ph
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a Metrobank account, complain to Metrobank 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 Metrobank'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 Metrobank safe?
The BSP Verifier list updated September 28, 2026 has Metropolitan Bank and Trust Company 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 Metrobank interest on my income tax return?
No. Since July 1, 2025, the 20% that Metrobank 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 Metrobank 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