Earn higher interest rates vs. your #UNOready@GCash savings account with time deposits.
|Product||Interest Rate||Term Options||Minimum Amount||
|No. of Time Deposits Allowed|
|#UNOboost@GCash||6.50% p.a. Paid out at the end of your term||3- 12 months||PHP 5,000||PHP 100,000||5|
|#UNOearn@GCash||6.50% p.a. Monthly payouts to your account||12 and 24 months||PHP 5,000||PHP 100,000||5|
Note: Interest earned from your time deposit accounts are subject to a 20% withholding tax.
How to add time deposit
How to pre-terminate your time deposit
Ideally, you must not withdraw the funds from your time deposit account unless it has reached maturity, to maximize interest earnings.
If you really need the funds, you can do early withdrawal only for the full amount of the time deposit. Partial withdrawals are not allowed. Early withdrawal prior to maturity may incur the following charges:
|Documentary Stamp Tax (DST) charge||Pre-termination Penalty|
|PHP 1.50 for every PHP 200 of the principal amount.||50% of gross interest earned if pre-terminated at the first half of the tenure|
For time deposits with tenure of less than 1 year:
DST = (Original Tenure in Days / 365) x (1.50 / 200) x Principal Amount. 366 for a leap year
|25% of gross interest earned if pre-terminated at the second half of the tenure|
To proceed with early withdrawal, follow the steps below to pre-terminate your time deposit: