Time Deposit
A time deposit, often referred to as a certificate of deposit (CD), is a type of savings account where individuals deposit a fixed amount of money for a predetermined period, typically ranging from a few months to several years. During this term, the deposited funds earn interest at a higher rate than regular savings accounts, reflecting the commitment to keep the money untouched until maturity.
- Interest rate up to 4.0%
- Term up to one (1) year.
- Deposit up to P 5,000,000.00.
- Withdrawable made after maturity date
- Pre-termination charges apply
Applicants to MHRMPC are required to submit specific documentation.
- 1pc. 1x1 and 2x2 colored photo
- Photocopy of Birth Certificate
- Photocopy of 1 Primary ID or 2 Secondary ID
- Photocopy of Brgy. Clearance for Residency
- Filled-up Membership Application Form
- P1,000.00 initial Share Capital; P200.00 Savings; P300.00 Membership Fee.
Products
Frequently Asked Questions
Maraming paraan upang mapalago ang iyong savings. Maaari kang mag-invest sa mga time deposit. Mahalaga rin na magkaroon ng disiplina sa pag-iipon at iwasan ang mga hindi kinakailangang gastusin.