PBCom is proud to introduce two new time deposits, Premium One (P-1) and Premium Two (P-2), that allow clients to earn interest similar to that of a long-term deposit and give the flexibility of withdrawing the interest on repricing date without preterminating the placement.
The Premium One (P-1) is a one-year peso time deposit while the Premium Two (P-2) is a two-year peso time deposit product. With these two products client enjoys the benefit of high interest earnings. Interest is subject to 20% withholding tax. Documentary Stamp Tax (DST) is shouldered by the Bank if deposit is held for 6 months until maturity.
Both products are available for individual and corporate clients.