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Union Bank Time Deposit 

 Union Bank Peso Time Deposit 
 1. Minimum required deposit is P50,000
 2. Minimum Placement Terms is One (1) month or thirty (30) days
 3. Interest - It depends on the amount of your deposit and placement term.

Note: Union Bank website do not provide tables of interest rate for comparison by potential depositor with other banks. But its rate does not differ substantially from the interest rates of most Philippine banks.

Note: Below is the link to banks that have good interest rates. Philippine Banks that offer best time deposit interest rate.
Union Bank will give you a Time Deposit Certificate which you present
when you claim your money at maturity.

What is required to open a Union Bank time deposit account?
1. The required P50,000 minimum deposit. You can place a bigger amount.
2. A valid ID - almost all government-issued ID is accepted except the following:
a. Expired ID
b. ID without photograph

1. NBI clearance is accepted as proof of identification but must not be over 1 year from date of issue
2. Union Bank may require additional ID in certain cases so bringing at least 2 IDs with pictures and unexpired is a good thing to do.
3. Union Bank website never mentioned ID picture as a requirement but all major banks in the Philippines require at least 2 1X1 ID pictures so bringing two will assure you of fast and delayless transaction.

You may call the bank for any inquiry in these number (02)841-8600 and (02)667-6388.

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