Metrobank has increased the interest rate of its Online Time Deposit (OTD) to as much as 5% per annum, positioning the digital savings product as a more competitive option for Filipinos looking to grow their funds amid rising financial pressures.
The update comes as consumers across the Philippines become more intentional about saving and allocating their money, driven by higher living costs and increased focus on financial stability.
Digital-first savings with structured returns
The bank’s Online Time Deposit allows customers to open and manage time deposits directly through the Metrobank App and Metrobank Online platform, removing the need for branch visits while enabling faster access to traditional deposit products.
Beyond convenience, the product is designed to encourage disciplined saving by helping users set aside funds for fixed terms, effectively separating long-term savings from day-to-day spending.
Depending on placement amount and tenor, customers may earn higher interest rates of up to 5% per annum, offering a more attractive yield compared to regular savings accounts.
Push for financial resilience
The bank said the offering is part of its broader push to help customers build stronger financial foundations through secure and accessible savings instruments.
Backed by its position as one of the country’s most established financial institutions, Metrobank continues to expand its digital banking suite as demand grows for mobile-first financial services.
The institution has previously been recognized by The Asian Banker as the strongest bank in the Philippines, reinforcing its positioning around stability and trust in a competitive banking landscape.
How customers can start
Customers can choose from various deposit amounts and tenors based on their financial goals. To access the feature, users need to download or update the Metrobank App or log in via Metrobank Online.
New users without an account can open an eSavings account to unlock access to the Online Time Deposit and its higher interest rate offering.
To know more and to get the latest on Metrobank, visit https://www.metrobank.com.ph/home and follow the bank’s official social media pages on Facebook, X, Instagram, and Tiktok.
