To earn the additional 1% on your 6-month Time Deposit/s, you need to maintain an Average Daily Balance (ADB) of Php 10,000 in your Tonik Savings account. This means that if you add up the balance in your account at the end of each day for a month and divide it by the number of days, it should be at least Php 10,000. ​

If you meet this requirement, you'll earn the extra 1%, making it a total of 6% p.a. for your 6-month Time Deposit/s. If not, you'll still earn 5% p.a. on your 6-month Time Deposit/s. 

Hope this helps! If you have any questions, feel free to ask.

Good question, luv. We disabled the auto-rollover feature in all Time Deposits created before April 2024, so we can apply some changes to the deposit product.  

This allows us to create and launch awesome products that are tailored to your day-to-day needs! Don’t worry, you can still toggle the rollover button when you create a new Time Deposit. 

If you want to withdraw your Time Deposit before the maturity date, you simply need to go to your Time Deposit account and click "withdraw early". If you wait until your Time Deposit matures, the money will be automatically moved to your Tonik Account.

Yes, luv. Simply go to your Time Deposit account and click the button "withdraw early". Please take note of the fees when closing your Time Deposit before the maturity date.

Once your Time Deposit matures, the money will automatically transfer to your Tonik Account. But if you choose to withdraw before the maturity date, simply go to you Time Deposit account and click the button "withdraw early". Please take note of the fees when closing your Time Deposit before the maturity date.

No, luv! The cooling period only applies to new Time Deposits created. If you decide to withdraw early during your rollover period, you'll still pay for the DST (Documentary Stamp Tax) and other charges.

There's no limit, luv. Once the "Roll over time deposit" button is activated (the button is purple in color), your Time Deposit will be rolled over until you deactivate it (the button is grey in color).

You can't change the Time Deposit rollover button because either you have passed the change deadline, or your Time Deposit (TD) investment amount exceeds the balance allowed in a TD account.

If you have activated the "Roll over time deposit" button, the interest rate that you will get for the new term will be the interest rate that is in effect on your rollover date. Keep in mind that your rollover date is the maturity date of your Time Deposit's existing term.