Time Deposit
| Description: | |
|---|---|
| * The deposit will be TAX FREE and shall also be free of any service charges. | |
| * Monthly computation of interest | |
| * If pre terminated, savings deposit rate of 2% per annum shall apply. | |
| * If not renewed at maturity date, the interest rate after maturity date shall be computed at two (2) percent per annum. The cooperative reserves the right to be notified twenty (20) days in advance in case of pre-termination. |
Time Deposit Matrix:
| Amount | 5-8 Months | 9-12 Months |
|---|---|---|
| P100,000.00-P1,000,000.00 | 4% | 4.25% |
| P1,000,001.00-P2,000,000.00 | 4.25% | 4.75% |
| P2,000,001 and Above | 4.75% | 5% |