How much interest can I earn if I open a P250,000.00 Time Deposit?
Term | Rate (per annum) | Interest Amount |
|---|---|---|
6 months | 6% | PHP 7,438.36 |
9 months | 7% | PHP 13,089.04 |
12 months | 8% | PHP 20,000.00 |
18 months | 6% | PHP 22,438.36 |
24 months | 6% | PHP 29,996.41 |
Note: The interest will also be shown in the app (and it updates automatically every time user changes the term and placement amount)