Depositors should carefully assess deposit interest rate offers that are clearly much higher than the market rates. Excessively high interest rates usually indicate higher risk. Please refer to PDIC Regulatory Issuance No. 2011-01 and BSP Circular No. 640 for more information.
* Represents the weighted average interest rate charged on interest-bearing deposits (<360 days) with fixed-maturity dates and evidenced by certificates issued by commercial banks. These rates are sourced from the Bangko Sentral ng Pilipinas (BSP), http://www.bsp.gov.ph/statistics/spei_pub/Table 2031.pdf.