Peso Time Deposit Calculator

Peso time deposit calculators help you understand the potential returns of your time deposit. Learn how to maximize your savings with our comprehensive guide.

1. Enter the amount you wish to deposit.
2. Select the term length.
3. Enter the interest rate offered by the bank.
4. Click ‘Calculate’ to see your results.

The formula used is: A = P(1 + rt), where:

• A is the amount of money accumulated after n years, including interest.
• P is the principal amount (the initial amount of money).
• r is the annual interest rate (decimal).
• t is the time the money is invested for, in years.

Comparison of Time Deposit Rates (as of 2022)

Bank	1 Year	3 Years	5 Years

• Shop around for the best rates.
• Consider locking in your rate with a fixed-term deposit.
• Use this calculator to project your future balances.

What is compound interest?

Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods.

For more information, see the Bangko Sentral ng Pilipinas and University of the Philippines.