• Sterling Bank of Asia Time Deposit

    Sterling Bank of Asia Time Deposit

    Sterling Bank of Asia Time Deposits

    Sterling Bank of Asia has become one of Philippines’ top specialized financial institutions in a period of seven short years. Sterling Bank of Asia has been constantly expanding its banking portfolio and has seen consistent growth of its clientele. As part of its ever growing product portfolio, Sterling Bank of Asia offers a series of Prima time deposits, giving a customer maximum returns on his investments. Sterling Bank of Asia time deposits are available with competitive interest rates and individuals can efficiently manage their finances by opting for any of the time deposit schemes offered by the bank. Sterling Bank of Asia primarily established to support small and medium enterprises, has adequately catered to customer and industry needs and continues to do so across the Philippines.

    Types of Sterling Bank of Asia Time Deposits

    Sterling Bank of Asia’s time deposits ensure that a customer’s money is saved up for emergencies, business ventures etc., and also additionally enable him to enjoy high interests on his deposits. The bank offers both short term and long term deposits and the individual can opt for any type of deposit, depending on his requirement.

    Prima Time Deposit

    Customers looking to invest for a short period of time can avail the Sterling Bank of Asia’s Prima Time Deposit, gaining substantially with flexible term tenures.

    Key features
    • Minimum placement amount required is P1, 000.00.
    • Placement tenures are available as 30, 60, 90,180 and 360 days.

    Prima Dollar Time Deposit

    Prima Dollar time deposit customers can get the advantage of their invested dollars earning a prima interest and great returns in a short period of time.

    Key features
    • Minimum placement amount required is $1,000.00.
    • Placement tenures are available as 30, 60, 90,180 and 360 days.

    Maxima 5 Long-Term Deposit

    Sterling Bank of Asia customers can enjoy high returns from their Maxima 5 long term deposits with low placement amounts and tax free earnings on the five year investment. Maxima 5 also offers attractive interest rates depending on the market rates, generally fixed for the five year tenure.

    Key features
    • Minimum placement amount required is P25, 000.00.
    • Maxima 5 has a placement tenure of 1,826 days i.e. 5 years and 1 day.

    Maxima 3 Long-Term Deposit

    Maxima 3 from Sterling Bank of Asia ensures that a customer draws maximum returns from a three year time deposit tenure.

    Key features
    • Minimum placement amount required is P25, 000.00.
    • Maxima 3 has a placement tenure of 1,096 days i.e. 3 years and 1 day.

    Sterling Bank of Asia levies a pre-termination penalty on customers closing their term deposits prematurely. If the pre-termination is done within the first half of the term, then the interest rates will be reduced to 25% of the specified rate or the prevailing savings account rate, whichever is higher. If a customer closes his term deposit in the second part of the term, the interest rate will be reduced to 50% of the specified rate or the prevailing savings account rate, whichever is higher. Customers can access their deposit accounts at any Sterling Bank of Asia branch in the Philippines and conduct their account transactions.

    Sterling Bank of Asia Time Deposit Rates

    Short Term Time Deposits

    Long Term Time Deposits

    Other Products from Sterling Bank of Asia

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