Watch Your Savings Grow with Guaranteed Higher Returns
If you have savings set aside for future goals—such as expanding your farm, building a home, funding your children's education, or securing your retirement—a Time Deposit at Rural Bank of Norala offers a safe, high-yielding way to grow your money.
Unlike a regular savings account, a Time Deposit locks in your funds for a fixed period at a guaranteed, higher interest rate. You enjoy total peace of mind knowing your hard-earned capital is secure and yielding predictable returns.
Key Benefits of Our Time Deposit Account
| Feature | What It Means for You |
|---|---|
| Higher Guaranteed Rates | Enjoy competitive interest rates significantly higher than standard savings accounts. |
| Flexible Term Options | Choose placement terms that match your financial timeline: 30, 90, 180, or 360 days (1 year). |
| Fixed Yields | Your interest rate is locked in at opening, protecting your return from market fluctuations. |
| Automatic Renewal | Option to automatically roll over your principal or interest upon maturity so your earnings keep compounding. |
| Collateral Eligible | Use your Time Deposit certificate as collateral for low-interest back-to-back loans when emergency cash is needed. |
How Time Deposits Work
1. Deposit Capital
Deposit your funds (e.g., ₱10,000 minimum).
2. Lock-In Term
Earn locked, higher interest for 30–360 days.
3. Payout / Maturity
Collect your principal plus full interest.
Pro Tip for Farmers & Business Owners: Many of our clients align their Time Deposit maturity dates with planting seasons or major inventory purchases to ensure cash is available exactly when needed.
Requirements to Open a Time Deposit
Opening or converting your savings into a Time Deposit is quick and hassle-free:
For Existing Account Holders
- Present 1 Valid Government ID.
- Fill out a simple Time Deposit Placement Form at our main office.
For New Clients
- Valid Primary ID (e.g., PhilID / ePhilID, Passport, Driver's License, UMID, SSS, Postal ID).
- Proof of Address (Latest utility bill or Barangay Clearance).
- Two (2) 2x2 ID photos.
- Minimum Initial Placement Amount (Contact our team for current minimum balance guidelines).
3 Easy Steps to Secure Your Investment
1. Visit Our Main Office
In-person assistance
Drop by the Rural Bank of Norala main office and speak with our Customer Service Officers to check our latest competitive interest rates.
2. Select Your Term
30 to 360 days
Choose the maturity timeline (e.g., 3 or 12 months) and placement option (Roll-over principal only, or Principal + Interest).
3. Receive Your Certificate
Same-day issuance
Deposit your placement funds and receive your official Certificate of Time Deposit (CTD) as proof of your investment.
Protected Investment
Your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱500,000 per depositor. Rural Bank of Norala is proudly supervised by the Bangko Sentral ng Pilipinas (BSP).