Metrobank – Savings & Time Deposit Interest Rates

James Ryan Jonas

Writer William Arthur Ward has this simple but extremely useful quote about money habits: “Before you spend, earn. Before you invest, investigate. Before you retire, save. Before you die, give.”

This essentially captures the correct money mindset everyone should have.

metrobank-credit-card-pinoyIt also summarizes the time-tested process of how a person can make money and ultimately be wealthy: Earn, Save, Invest.

Here in PinoyMoneyTalk, we continue our compilation of “Save”-related articles by giving you information about various savings and time deposit accounts offered by banks in the Philippines. (For more information about these bank products, browse through our “Save” tab in the menu above or head over to our Banking and Bank products section.)

This time, we show you the interest rates of Metrobank’s Savings and Time Deposit accounts.

Metrobank Peso Savings and Checking Accounts – Interest Rates 

Peso Savings and Checking AccountMinimum Initial DepositMaintaining BalanceBalance to Earn InterestInterest Rate
Passbook Accounts:
* Passbook SavingsP 10,000.00P 10,000.00P 10,000.000.25%
* OFWwaivedwaivedP 10,000.000.25%
* SSS PensionerP 100.00P 10,000.00P 10,000.000.25%
* US PensionerP 500.00P 500.00P 10,000.000.25%
Metrobank e-Teller (ATM):
* SavingsP 2,000.00P 2,000.00P 10,000.000.25%
* OFWwaivedwaivedP 10,000.000.25%
* SSS PensionerP 100.00P 100.00P 10,000.000.25%
Checking AccountP 10,000.00P 10,000.00N/AN/A
* with ATMP 25,000.00P 25,000.00P 50,000.000.25%
* without ATMP 25,000.00P 25,000.00P 50,000.000.25%
MetroChecking ExtraP 15,000.00P 15,000.00P 15,000.000.25%
Fun Savers ClubP 500.00P 500.00P 4,000.000.25%

Metrobank Foreign Currency Accounts – Interest Rates 

Foreign Currency AccountsMinimum Initial DepositMaintaining BalanceBalance to Earn InterestInterest Rate
MetroDollar Savings (USD)US$ 500.00US$ 500.00US$ 500.000.125%
US PensionerUS$ 100.00US$ 100.00US$ 500.000.125%
US Dollar CheckingUS$ 10,000.00US$ 10,000.00US$ 10,000.00Non-interest
Fun Savers ClubUS$ 100.00US$ 100.00US$ 200.000.125%
Japanese Yen (JPY)¥ 50,000.00¥ 50,000.00¥ 50,000.000.005%
British Pound (GBP)£ 600.00£ 600.00£ 7,000.000.250%
Euro (EUR)5005005000.050%
Swiss Franc (CHF)F 2,000.00F 2,000.00F 15,000.000.000%
Canadian Dollar (CAD)CA$ 2,000.00CA$ 2,000.00CA$ 2,000.000.250%

Metrobank Peso Time Deposits – Interest Rates

Peso Time Deposit Accounts1 day to 1 week2 wks3 wks1 month2 to 3 mos.6 mos. to 1 year
P 10,000 - 49,999---0.25%0.25%0.50%
P 50,000 - 199,999---0.25%0.50%0.75%
P 200,000 - 499,999---0.375%0.625%0.875%
P 500,000 - 999,999---0.50%0.75%1.00%
P 1,000,000 - 4,999,9990.25%0.25%0.50%0.625%0.875%1.125%
P 5,000,000 - 9,999,9990.25%0.25%0.50%0.75%1.00%1.25%
P 10,000,000 - 19,999,9990.50%0.50%0.75%0.875%1.125%1.375%
P 20 Million & up0.50%0.50%0.75%0.875%1.125%1.375%

Metrobank Dollar Time Deposits – Interest Rates

Dollar Time Deposit Accounts1 week to 3 weeks1 month2 mos.3 mos.6 mos.1 year
$ 1,000 - 9,9990.25%0.25%0.25%0.25%0.50%0.75%
$ 10,000 - 49,9990.25%0.25%0.25%0.375%0.75%0.875%
$ 50,000 - 99,9990.25%0.25%0.25%0.50%0.875%1.00%
$ 100,000 - 499,9990.25%0.50%0.50%0.75%1.125%1.25%
$ 500,000 - 1,000,0000.25%0.75%0.75%1.00%1.50%1.625%

Earn, save and invest to become wealthy and financially free!

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.