The Market Monitor Minding the Nation's Business
The Metropolitan Bank & Trust Company is boosting returns for savers by increasing the interest rate of its Online Time Deposit (OTD) to as high as 5% per annum, as more Filipinos seek safer and more structured ways to grow their money amid rising living costs.
The bank said the higher rate is intended to encourage disciplined saving and help customers maximize earnings through digital channels.
Accessible via the Metrobank App and Metrobank Online platform, the OTD allows users to set aside funds digitally while earning higher yields compared to regular savings accounts.
Metrobank said the product is designed not only for convenience but also to help customers separate long-term savings from day-to-day spending, supporting better financial planning and goal-setting.
The bank emphasized that the offering is backed by its financial strength and stability, reinforcing customer confidence in placing long-term deposits with the institution.
By adjusting rates and expanding digital access, Metrobank said it aims to support customers in building stronger financial resilience while encouraging more active saving habits among Filipinos.