We have 5 term options for you to select from for your time deposit: 6, 9, 12, 18 and 24 months.

The minimum Time Deposit investment you can make is P5,000.

The maximum limit is PHP100,000 per Time Deposit account. You may open up to 5 Time Deposit accounts in your Tonik app.

You may access your money on the day your Time Deposit is set to mature. Check this page for our available term options.

Yes, you can. You may do an early withdrawal for your Time Deposit. However, if you do so, you will deflect from your original investment goal. As much as possible, we recommend that you stick to your set goals.

If you withdraw early within 6 days (known as the cooling off period) of Time Deposit opening, you can get a full refund of your Time Deposit (no Documentary Stamp Tax and no interest)

If you withdraw early but after the cooling off period, you will earn your Tonik Account interest instead of the higher Time Deposit interest - and you will be charged for Documentary Stamp Tax.

“Early withdrawal” or “Pre-termination” is when you withdraw your Time Deposit before the maturity date. 

You will earn Tonik Account interest from the date you open your Time Deposit until your early withdrawal date, but you will be charged for Documentary Stamp Tax. Please keep in mind that you may receive less than your original investment amount (You’ll certainly get less than what you could have got if you wait until maturity)

Interest will be based on the number of days your money is stored in that Time Deposit. Withholding tax will be applied to this interest.

What you receive = investment amount + interest (based on Tonik Account interest) – withholding tax – Documentary Stamp Tax.

For Time Deposit less than 1 year, DST = original term in days / 365 * 1.5 / 200 * investment amount (366 for a leap year)

For Time Deposit 1 year or longer, DST = 1.5 / 200 * investment amount

No. You will be charged Documentary Stamp Tax when you withdraw early after the cooling off period.

You will get your investment amount and the interest as indicated in your application and Time Deposit Confirmation. Withholding tax will be applied to this interest.

You don’t need to. Your Time Deposit will close automatically when your Time Deposit reaches maturity.

Yes, absolutely! Deposits are insured by PDIC up to ₱1 Million per depositor. This means that all your money with Tonik (in your Tonik Account, your Stashes and your Time Deposit) is safe and sound.​

You will receive it within 24 hours from your Time Deposit creation.

You will receive it within 24 hours of your Time Deposit maturity.

You will receive it within 24 hours of your Time Deposit early withdrawal.

You will receive it within 24 hours of your Time Deposit rollover.

When you roll over your Time Deposit (TD), you're extending the term your money is placed in that TD account. The term you initially chose will be the same term your TD will follow once it has rolled over. 

For example, if you initially chose a 6 months Time Deposit and decided to rollover, you will have a new term of 6 months, and will continue to renew every 6 months until you deactivate the time deposit roll over button. 

The rate that you will get for the new term of your Time Deposit (TD) will depend on the rate that is in effect on the rollover date. 

For example, if Tonik still offers the 6% interest rate for TDs, then your existing TD that's earning 6% interest rate will continue earning the same interest rate. But if the new interest rate becomes 4%, then your TD rollover will earn the new 4% interest rate.

For now, Tonik only allows rolling over the investment amount of your Time Deposit (TD). The interest earned will be transferred automatically to your Tonik Account on the rollover date.

The investment amount cannot be changed, luv. If you want to change the investment amount, you can open a new Time Deposit instead.