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Placement Term (Years) Fixed Interest Rate

The document outlines the terms and conditions for a US Dollar time deposit account with Land Bank Philippines including interest rates, maturity dates, tax information, and contact details. Customers can place deposits of up to $2,000 for 2 years at 1% interest or up to $10,000 for 3 years at 1.5% interest. Interest is paid annually and taxed at 15%. The principal is insured for $500,000 by PDIC. The document provides guidance on checking maturity dates and renewal instructions.

Uploaded by

Kimberly Wealth Meonada Magnaye
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17 views1 page

Placement Term (Years) Fixed Interest Rate

The document outlines the terms and conditions for a US Dollar time deposit account with Land Bank Philippines including interest rates, maturity dates, tax information, and contact details. Customers can place deposits of up to $2,000 for 2 years at 1% interest or up to $10,000 for 3 years at 1.5% interest. Interest is paid annually and taxed at 15%. The principal is insured for $500,000 by PDIC. The document provides guidance on checking maturity dates and renewal instructions.

Uploaded by

Kimberly Wealth Meonada Magnaye
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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(Date) ANNEX B

Mr./ Ms.

Thanks for Land Bank Philippines (LANDBANK) For your US Dollar deposit investments, and for
maintaining your High-Yield US Dollar Time Deposit (HYUSDTD) account with us.

Placement Term Fixed Interest Rate


(Years) (Compounded annually)
Maximum of $2,000.00 up to 2 1.00% p.a.
Maximum $9,999.99
Maximum of $10,000 3 1.50% p.a.

Withholding Tax Interest 15.00% or the prevailing withholding tax rate


Earned
One year and bellow from date of placement
Interest rate on - Prevailing USD Savings deposit interest rate
Pre-terminated Account More than one year from date of placement
- Prevailing USD time deposit interest rate for 61-90 days
placement
Annually, at the end of each year for the duration of the HYUSDTD
Crediting of interest income placement

Documentary Stamp Tax None


(DST)
PDIC Insurance PHP 500,000 in US Dollar equivalent
Documentation Certificate of Time Deposit (CTD)

Please review your CTD to monitor its maturity date, and check the Maturity Instructions
If you have signed for its renewal.

Because your safety is our primary concern, you may contact us thru the following numbers
(landline and/or cellphone numbers) or send us an email at
For more details or assistance on how to avail our new HYUSDTD account.
We look forward to our continued partnership, as we remain committed in providing you with excellent
service.
Thank you for banking with us.
(Branch of Account)

Land Bank of the Philippines

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