Metrobank is increasing returns on its Online Time Deposit (OTD) to as much as 5% per annum, giving Filipinos a higher-yield option to grow savings amid rising living costs and tighter household budgets.
The move comes as more customers shift toward safer and more structured ways to manage money, especially as inflation and daily expenses push Filipinos to look for low-risk savings products that still deliver meaningful returns.
Metrobank’s OTD is fully digital and can be opened via the Metrobank App and Metrobank Online, allowing users to set aside funds without visiting a branch. The product is designed to help customers separate long-term savings from everyday spending, reducing the temptation to withdraw funds early.
Customers can choose different placement amounts and tenors depending on their savings goals, making it a flexible option for short- to medium-term financial planning. Metrobank also highlights its stability as a core advantage, being recognized by The Asian Banker as the country’s strongest bank.
To access the higher rates, customers must maintain eligible placements under the OTD program. New users can start by opening an eSavings account, which unlocks access to the Online Time Deposit feature.
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