Deposit any day.
High interest your way.

Open up to 5 Time Deposit Plus accounts that earn interest on deposits of up to ₱1 million each. Minimal cancellation fees apply. Deposits are insured by PDIC up to ₱500,000 per depositor. Maya Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas.

Elevate your savings and choose
from these flexible terms

5.5% p.a

3 months

6.0% p.a

6 months

5.75% p.a.

12 months

Interest rate applies to a maximum balance of ₱1 million.

Open a new Time Deposit Plus account in 3 easy steps

Make sure to meet the following requirements to qualify:

💯 An upgraded Maya account
💪 Updated customer information

Phone 1

1Go to your Savings
dashboard and tap Create a new Time Deposit Plus

Phone 2

2Choose from 3, 6, or 12 months then set an account name and target amount.

Phone 3

3Once created, fund your Time Deposit Plus account seamlessly from your Maya Savings, wallet, or other banks

Once you accept your loan, the full amount will be instantly transferred to your Maya Wallet. 
Loan approval, amounts, and monthly add-on rate are subject to credit evaluation.

What makes Time Deposit null
extra flexible with your money?

Earn up to 6% interest p.a. monthly

All Time Deposit Plus accounts start with a guaranteed 3.5% p.a. that you can boost up to 6% p.a. when you reach your target amount and date.

Interest rate applies to max Time Deposit plus balance of  ₱1 million. Any amount higher will no longer earn interest.

Open multiple Time Deposit plus accounts

Create up to 5 active accounts at a time with ₱1 million balance each so you can earn up to 6% p.a. for up to ₱5 million in total.

Grow your savings at your own pace

Enjoy no minimum balance and a low total goal amount of at least P5,000 to start earning boosted interest rates then deposit any amount any time until you reach your target. You can easily check your progress on each one right from the Savings dashboard. Earn badges the closer you reach your target amount!

Easy and free top up anytime​

Enjoy multiple ways to deposit to your Time Deposit Plus accounts. Deposit directly from your Maya Wallet, Maya Savings, BPI, BDO, UnionBank, GCash, ShopeePay, and more.

✅ From your Maya Wallet1 instantly and for free
✅ From other banks and e-wallets via PESONet and InstaPay2

✅ To your friends’ Maya Savings instantly and for free
✅ To other banks and e-wallets via PESONet3 and InstaPay4

  1. Cash in to your Maya Wallet using these methods:
    • FREE using your linked bank account/s
    • FREE up to ₱8,000/month from over-the-counter channels
  2. Fee depends on the source bank.
  3. PESONet transfers are free until further notice.
  4. ₱15 fee per transaction Terms and Conditions apply.

Keep your money safe and secure

Maya Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas

Deposits are insured by PDIC up to ₱500,000 per depositor.

Beyond Time Deposit Plus, do more with the #1 all-in-one digital banking app - Maya

Pay your bills, buy load, get a loan, try crypto – that’s all you can do and more with an all-in-one digital bank like Maya! 

Make sure you are using the latest version of the Maya app. Just go to App Store or Google Play, search for Maya, and tap ‘Update.’


Frequently Asked Questions

You’ve got questions, we’ve got answers

Need more answers?

Time Deposit plus, a product of Maya Bank, Inc., is a timebased savings account so you can easily make your excess money grow. You can keep your money for 3, 6 or 12 months and earn interest of up to PHP 1,000,000.00 per account, based on your average daily balance per annum.

Each Time Deposit Plus has its own account number and is different from your Maya Savings or Personal Goal accounts. You can have up to 5 active Time Deposit plus accounts.

All Maya users with upgraded accounts plus updated and valid customer information can start a Time Deposit Plus account.

By upgrading your account, you can get access to all of Maya's features, unlock higher wallet limits, and enjoy better rewards for using the app. You can complete your account for free in the app — all you need is to submit 1 or 2 valid IDs, record a video selfie, and complete your personal information.

You can open up to 5 active Time Deposit plus accounts

Time Deposit Plus earns you a base interest rate of 3.5% per annum, credited to your account monthly. Once you reach your target amount, you'll earn an additional boosted interest rate based on your target date.

All earned interest rates are applied to deposits of up to PHP 1,000,000. Boosted interest rate will only start accrual once goal amount is reached.

Please note that interest rates may be subject to change. Customers will be notified of the change on Maya Bank Inc.’s official website at and/or via in-app notification, SMS, email, or any of our other official channels.

Maya Bank Inc. is regulated by the Bangko Sentral ng Pilipinas. Deposits are insured by the PDIC up to PHP500,000.00 per depositor.

Yes, you can cancel your Time Deposit plus account anytime, subject to cancellation fees. Just go to your Time Deposit plus Account Details page and tap 'Cancel my account'

Yes, you must have an existing Maya Savings account to
open a Time Deposit Plus. Open one now for free and with just
1 valid ID!

You must achieve your target amount and complete your term for you to earn the base and boosted interest rates for Time Deposit Plus.

Any money you earn from interest, whether it's from your base or boosted interest rate, will be added to your Time Deposit Plus account on the first day of the next month, minus applicable taxes. Please remember that no amount can be transferred out of your account until your due date.

For accounts that reach their target date, all interest earned is included in your final balance (minus applicable taxes and fees) before being transferred to your Maya Savings account.

If you close your account early, any base interest that hasn't been added yet will be included in the final amount before being transferred to your Maya Savings account. However, any boosted interest after the last date your interest was credited will no longer be counted.

No, you cannot withdraw money from your Time Deposit Plus account before its due date.

However, should you want to move out your money, you can cancel your account. This automatically closes the Time Deposit Plus account and adds the applicable interest rate minus applicable taxes and fees. The final balance will then be transferred to your Maya Savings account.

Yes, but please note that all interest rates only apply to a maximum balance of up to PHP 1,000,000.00 per Time Deposit Plus account.

No, your term will remain to be 3, 6, or 12 months from the time you opened your account.

If you cancel your account before the due date, your account will be charged a cancelation fee of 0.50% of your Time Deposit Plus balance.

Your accumulated amount, which includes your total deposit and earned interest minus taxes, will be automatically credited to your Maya Savings account once you reach your target date.

No, because once your Time Deposit Plus reaches it due date, the account will be automatically be closed and your final balance will be transferred to your Maya Savings account.

You can create a new Time Deposit Plus account once your goal has reached its due date. You can have up to five active Time Deposit Plus accounts at a time.

It’s everything and
a bank. What more
could you need?

For existing PayMaya users, update your app to Maya