The highest yield applies to placements of at least P10 million locked in for 180 to 364 days, while smaller deposits can still earn between 4.125 percent and 4.75 percent depending on tenor and amount.
That pricing ladder signals how aggressively banks are now rewarding customers willing to park larger amounts for longer periods as competition for stable funding increases.
Higher rates kick in May 15
The higher rates, effective May 15, also come as more Filipinos shift excess cash away from low-yield savings accounts into products offering better returns amid rising living costs.
For Metrobank, longer-term deposits provide a more stable funding base at a time when liquidity and funding costs remain closely watched across the banking sector.
The lender is also leaning on rising digital banking adoption, allowing customers to open Online Time Deposits entirely through its app and web platform without visiting branches.
Metrobank said the product is designed not only to boost returns but also to help customers separate long-term savings from daily spending habits.
—Edited by Miguel R. Camus
