Security Bank savings and time deposit rates
Security Bank's best account for ₱100,000 is Peso Time Deposit (12 months) at 2.79% a year (Security Bank rate page, as listed on October 2, 2026). Left for a year, ₱100,000 earns ₱2,232.00 after the 20% final tax, 10th of the 18 banks on this site.
Our take: keep only your day-to-day money at Security Bank. For money you can set aside, UNOBank's #UNOboost Time Deposit leaves ₱2,168.00 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 12 months: it pays ₱2,191.99 more than All Access. If you might, stay in All Access.
No bank pays to appear here or to change its position.
Licensed by the BSP as a universal and commercial bankSecurity Bank Corporation (BSP short name SBC) is on the BSP's list of supervised institutions as a universal and commercial bank with 326 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 Security Bank's own Peso Time Deposit page or the bank’s official app.
Interest calculator, after tax
- Interest you keep, after 20% final tax
- ₱25,816.00
- Gross interest
- ₱32,270.00
- Final tax withheld (20%)
- ₱6,454.00
- Rate used
- 4.61%
- Balance at the end
- ₱125,816.00
Time deposit: simple interest for 7 years (2555 days over 365), paid at maturity.
Worked example, Peso Time Deposit, 12 months: ₱100,000 × 2.79% (Security Bank rate page, as listed on October 2, 2026) × 365 days ÷ 365 = ₱2,790.00 gross. Less the 20% final tax (₱558.00; RA 12214, BIR RR 21-2025 from July 1, 2025) = ₱2,232.00 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
- Online account opening is for Filipino citizens living in the Philippines; non-Filipinos are pointed to a branch. bank page
- Online applicants need a Philippine mobile number. bank page
- Security Bank says an online deposit account application takes about two days to process. bank page
- Primary IDs accepted for the online application are the Philippine passport, driver's license, PhilID, Postal ID, voter's registration, UMID, SSS ID and PRC ID. bank page
When to skip it
- All Access: skip it if you cannot keep ₱10,000 on average every month; that is its maintaining balance.
- Easy Savings: skip it if you cannot keep ₱3,000 on average every month; that is its maintaining balance.
- Peso Time Deposit: the top rate needs ₱5,000,000 or more; smaller placements earn less.
Published rates, account by account
All Access
0.05% a year, grossAll Access: no opening balance, PHP10,000 maintaining balance, 0.05% interest.
Opening deposit ₱0. Maintaining balance ₱10,000.
As listed on Security Bank's rate page on October 2, 2026. Security Bank
Easy Savings
0.05% a year, grossEasy Savings: no opening balance, PHP3,000 maintaining balance (effective May 1, 2026), 0.05% interest.
Opening deposit ₱0. Maintaining balance ₱3,000.
Peso Time Deposit
1.43% to 5.01% a year, grossInterest rates are INDICATIVE and are subject to change without notice.
Indicative rates for individual clients, from the first peso table on Security Bank's rate page.
| Term | ₱100,000 to ₱299,999 | ₱300,000 to ₱999,999 | ₱1,000,000 to ₱2,999,999 | ₱3,000,000 to ₱4,999,999 | ₱5,000,000 and up |
|---|---|---|---|---|---|
| 1 month | 1.43% | 1.53% | 1.63% | 1.73% | 1.83% |
| 2 months | 1.47% | 1.57% | 1.67% | 1.77% | 1.87% |
| 3 months | 1.83% | 1.93% | 2.03% | 2.13% | 2.23% |
| 6 months | 2.43% | 2.53% | 2.63% | 2.73% | 2.83% |
| 12 months | 2.79% | 2.89% | 2.99% | 3.09% | 3.19% |
| 2 years | 3.53% | 3.63% | 3.73% | 3.83% | 3.93% |
| 3 years | 4.02% | 4.12% | 4.22% | 4.32% | 4.42% |
| 4 years | 4.23% | 4.33% | 4.43% | 4.53% | 4.63% |
| 5 years | 4.40% | 4.50% | 4.60% | 4.70% | 4.80% |
| 7 years | 4.61% | 4.71% | 4.81% | 4.91% | 5.01% |
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 |
|---|---|---|---|
| All Access | None | ₱10,000 | The first peso |
| Easy Savings | None | ₱3,000 | The first peso |
| Peso Time Deposit | ₱100,000 | Not applicable | ₱100,000 |
- When interest is paidInterest is credited at the end of every month or quarter, depending on the account, net of withholding tax, and only if the account meets its minimum balance. bank page
- Below the maintaining balanceIf your balance stays below the maintaining balance for 2 consecutive months, Security Bank charges ₱300 a month on peso accounts and ₱500 a month on All Access. bank page
- Early withdrawal or closingClosing an account within 30 days of opening costs ₱500. bank page
- Dormant accountsA savings account with no activity for 2 years becomes dormant, and a dormancy charge of ₱30 a month starts in the 61st month. bank page
- TaxSecurity 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 | Free |
| PESONet, business | Free |
[PN/IP] Clients with proprietary front-end system or those API-based clients are charged separate integration fees. 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 Security 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 Security Bank and ₱500,000 at another bank is fully insured; the same ₱1,500,000 at Security 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
- Security Bank Corporation
- BSP category
- Universal and commercial bank
- Head office
- Security Bank Centre, 6776 Ayala Avenue, Makati City 0719
- Offices
- 326
- President & Chief Executive Officer
- Mr. Meng Teck Victor Lee
- Website
- securitybank.com
Not covered here: business, joint-trust and dollar accounts, and loans. For a problem with a Security Bank account, complain to Security 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 Security 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 Security Bank safe?
The BSP Verifier list updated September 28, 2026 has Security Bank 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 Security Bank interest on my income tax return?
No. Since July 1, 2025, the 20% that Security 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 Security 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