Land Bank of the Philippines’ “Harvest 5” long-term time deposit

Product Name

Land Bank of the Philippines' Tax-Free "Harvest 5" Long-term Time Deposit

Product Description

A long-term time deposit offered to individuals (single or joint accounts) by Land Bank of the Philippines (LBP), earning the prevailing market interest rate.


Five (5) years and one (1) day

Minimum investment


Interest Rate

Prevailing market rate

Tax exemption

No withholding tax and documentary stamp tax if maintained until the end of the investment period

Options for Interest Crediting

Compounding – Interest earned is reinvested with the capital and compounded monthly until maturity

Monthly Crediting – Interest earned is credited to an affiliate LBP account every month

Pre-Termination Penalty

If the investment is pre-terminated within ninety (90) days from the date of placement, interest rate to be applied is the prevailing regular savings interest rate. If pre-terminated beyond ninety (90) days but below five (5) years from the date of placement, interest to be applied is the time deposit posted depending on the amount and days of placement. 

Contact Details

Land Bank of the Philippines
1598 M. H. Del Pilar cor Dr. Quintos Streets
Malate, Manila, Philippines 1004
Office Numbers: (632)5512200 / 6220000 / 4507001

Discuss this product 

Discuss this and other time deposit and bank products in the Banking, Personal Finance, and Other Money Matters board of the PMT Forum.

[tags]investments Philippines, investment products, time deposit Philippines, high yield investment, high return, interest rate, Land Bank of the Philippines, LandBank[/tags]

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13 thoughts on “Land Bank of the Philippines’ “Harvest 5” long-term time deposit”

  1. Dear Sir/Ma’am,

    Im currently working in UAE and I am interested on time deposit…
    What are the requirements and procedure on time deposit..pampanga branch.

    Your immediate respond is highly appreciated.

    Yours Truly,
    Ayessa Bajamundi

  2. Hi Ayessa, just visit the bank and they will tell you about the requirements. Normally it’s just copies of your IDs and, at times, utility bills for identification.

    But if you are not in the Philippines, you can use some banks’ online banking facility to open a time deposit account. If you, however, still don’t have an online banking account or, at the least, an account with a bank, then it might be difficult to do it right now because most of the time, the bank would request that you visit their branch first before they allow you to open an account with them.

    • hi,

      Would you know any Phil banks that doesn’t request personal appearance for opening time deposit accounts, like, they allow identification papers to be sent thru mail?

      Also, what are the best form of mutual fund do you recommend for an ofw like me?

      thanks in advance,

  3. Greetings,first pinoymoneytalk,thank you very much sa very educational,imformative website.marami po kayong natutulungan na ofw kagaya ko na highschool graduete at walang alam sa banking and investing.sir ganito po yun,i have plan to invest sa isang bank member ng legacy group.banco of east asia sa minglanilla cebu.i have plan to invest 250k.dahil po ofw ako.ang signature card po ay ipadala lang nila sa akin dito then ang pera itransfer ko po sa metrobank account ng banco of east asia.ang tanong ko po pwede po ba yun?hinde po ba yun elligal ang gagawin nila?thank you in advance and some advice are highly appreciated.


  4. Hi jimmy,

    I personally think there’s nothing wrong with that. Some banks do it, especially because OFWs cannot make a personal appearance when opening a bank account. Just make sure, though, that you are transacting with people officially connected to the bank and that you get receipts and/or proof that your deposit was indeed received by the bank. Make sure as well that the bank account is under the bank’s name and not under an individual’s. Ask why if it was otherwise.

    We don’t have a thread yet specific to the Minglanilla Bank (also called Bank of East Asia) but the bank has been mentioned several times in the Legacy Financial Group Part 2 and Part 3 threads. Drop by those to read more about the Bank of East Asia.

  5. hi,
    kumosta,gusto ko lang magtanongtungkol sa mag invest forgood na po nanirahan dito sa ireland althuogh dalawa po ang gamit ko napassporte ano po ang mga kakailanganin balak ko pong mag time deposit. ito po ang email

  6. tanong ko lang po kung how much b magiging nterest f magtym deposit ng 1M s loob ng 10 years. Kapag po ganun ang principal, in 10 years time, mgkano n po ang magiging total money?

  7. To my kababayan na mga OFW especially taga Mindanao na gustong mag invest sa LEGACY GROUP. Ako po ay handang mag lingkod sa inyo para i manage ang inyong hard earned money. We can offer you our PRE-NEED BUY BACK 2 (PBB 2) program that will earn your money 125% in 3 years. Meron din tayong BANK PRODUCTS na CERTIFICATE OF TIME DEPOSIT (CTD)double your money in 6 years. You can contact me in my email ad: and cellphone number 09216070215.

    Ito po ang pagkakataon nyo na palaguin ang pera nyo dito sa PILIPINAS habang nasa abroad pa kayo.

  8. tanong ko lang po kung how much b magiging nterest f magtym deposit ng 1M s loob ng 10 years. Kapag po ganun ang principal, in 10 years time, mgkano n po ang magiging total money?

  9. It’s really a wonderful and helpful piece of information. I’m happy that you simply shared this useful information with us. Please keep us up to date similar to this. Thank you for sharing.

  10. .
    . The feign ‘privatization of the United Coconut Planters Bank and Land Bank.
    Nepotism and Crony behest ‘sale’ kuno!!!
    Fire sale of State Assets pa more!!!
    Why the shameful and shameless haste in disposing a State – owned asset like UCPB in a jury rigged fire-sale.
    In can be very well be acquired by LandBank, through the issuance of Ten (10) year Zero Coupon Bonds, and those bonds be held in the proposed Perpetual Trust for Coco – Farmers, also in LandBank.
    This serves the Social and Economic objective of a Social Justice – based Financial Inclusion.
    AS I have stated before, I am so afraid to ask to how Stupid and Shameless our Banking and Financial Policy maker, who also front as Economic Hitman (EHM), like retired banker Arsenio Bartolome, for entrenched Special Interest based in Ayala and Binondo.
    Those stupid and shameless banking and financial policy makers might take my rhetorical question as to their stupidity as a challenge in a race to the bottom!!!!!


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