Regular Peso Time Deposit

A specific amount of funds in peso which earns interest at a pre-determined competitive rate for a fixed period of time/term with a “Certificate of Time Deposit” (CTD) as proof of deposit. This is offered to individuals and institutions with peso denominated funds which may be locked-in with the bank for at least thirty (30) days.

TARGET MARKET

Individuals

  • At least seven (7) years of age
  • Able to read and write
  • Not suffering from any legal disability
  • With credible identification

Institutional

  • Government Line Agencies, Government-Owned and -Controlled Corporations (GOCCs), and Local Government Units (LGUs)
  • Private corporations, cooperatives, partnerships, associations and other duly registered organizations

FEATURES

Minimum Placement

P1,000

Term

Minimum of 30 days and Maximum of 360 days

Interest Rate (per annum)

Based on market rates, amount and terms

Pre-termination Rate/Penalty

Revert to prevailing regular savings rate

Documentation

Certificate of Time Deposit (CTD)

Documentary Stamp Tax (DST)

To be paid by the depositor upon opening/renewal

 

CONTACT UNITS

  1. LANDBANK Branches Nationwide
  2. Customer Care Center
    • NCR-405-7000
    • Toll free for non-NCR- 1800-10-405-7000

BASIC REQUIREMENTS

Individuals

  1. At least two (2) valid IDs such as:

    • New SSS/GSIS ID

    • Driver's License

    • Company ID

    • School ID

    • Passport

    • PRC ID

    • Postal ID

    • Marriage contract (original copy)

    • Credit Card of a Reputable Company

    • License to Carry Firearms

  2. Two (2) copies of most recent 1 x 1 ID Picture

  3. Tax Identification Number

Single Proprietorship

  • Registration of Business Name with the Department of Trade

  • Original Application for Registration

  • Two (2) valid identification cards of signatory

Partnership

  • Articles of Partnership

  • Certificate of Registration with the Securities and Exchange Commission

  • Agreement on the extent of authority of each partner

  • Two (2) valid identification cards of signatories

Corporation

  • Articles of Incorporation

  • Certificate of Registration with the Securities and Exchange Commission

  • Corporate By-Laws

  • Board Resolution duly notarized incorporating the following:

    • Authority to open a bank account with LANDBANK

    • List of officers authorized to sign and the nature and extent of such authority

    • Notarized List of Officers, Board of Directors, Stockholders

    • Two (2) valid identification cards of signatorie

Association or Organization

  • Constitution

  • Association Agreement

Corporation in the Process of Incorporation

 

  • Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust acknowledged to open an account with the Bank on behalf of the Corporation

  • Duly notarized Secretary's Certificate

  • Duly notarized Treasurer's Affidavit

Government Entities

  • Charter and/or Law creating the government corporation/agency/office

  • Executive Order or Department Order creating the government agency

  • Board Resolution duly notarized incorporating the following:

    • Authority to open a bank account with LANDBANK

    • Officers authorized to sign and the nature and extent of such authority

Cooperatives

  1. Certificate of Registration with the Cooperative Development Authority
  2. Articles of Cooperation and By-Laws
  • Authority to open a bank account with LANDBANK
  • Designated Officers authorized to sign and the nature and extent of such authority
  1. Duly notarized Board resolution incorporating the following:
  1. Authority to open bank account with LANDBANK
  2. Designated Officers authorized to sign and the nature and extent of such authority