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July 21, 2024

Lucky start! EastWest offers 4.88% interest rate for new time deposit accounts

EastWest Bank is ringing in the Year of the Dragon with an attractive offer for new clients.

The bank owned by the bilyonaryo Gotianun clan is offering a 4.88% promo interest rate per annum for new depositors who will open time deposit accounts.

To qualify for the promo, the initial amount put in the time deposit account must be at least P500,000 for a duration of 60 days.

Clients who opt for an EastWest Priority relationship with a minimum time deposit placement of Php 2.5 million will enjoy a 5.88% interest rate, subject to 20% withholding tax.

The bank’s promo will run until February 29.