How much is the minimum initial deposit?
There is no minimum initial deposit and no
maintaining balance.
What is the interest rate?
-
New account openings receive 3.25% interest
per annum.
-
Other existing accounts remain at their
applicable current rates.
-
Existing users previously receiving 5.5% or
5% interest receive 4.5% starting June 13, 2025.
Interest rates may be adjusted based on Netbank’s
asset and liability requirements and market conditions.
When will I receive interest?
Interest starts once the first deposit has remained
in the account for at least 24 hours. Interest is
credited daily and compounds over time.
Interest computation formulas:
For the first two days, ADB-based:
Average Daily Balance × Interest Rate × (1/365)
− 20% Withholding Tax = Interest Earned
After the first two days, EOD-based:
End-of-Day Balance × Interest Rate × (1/365)
− 20% Withholding Tax = Interest Earned
Time Deposit:
Minimum placement of PHP 10,000 with no maximum cap.
Effective April 8, 2025:
- Six months at 4.5% per annum
- Twelve months at 5% per annum
Dormant Account:
An account becomes dormant after 24 months or 730
days of inactivity. Reactivation requires a request
and a PHP 50 fee.
Updating account details or closure:
Email Customer Support for a code, then go to
App Settings → FAQ → Change Request. Account
closure within one year may be subject to a PHP 100 fee.
