The Robinson-centered digital bank announced that the US Dollar Time Deposit is now available for users.
Users are able to open a time deposit account for just USD1. Additionally, they have the option to deposit in Philippine Pesos, which will then be converted to its dollar equivalent within the app.
The interest rates for a 3-month tenor are set at 3%, while for 6 months, the rate is 3.5%.
GoTyme also plans to launch additional foreign currency time deposit products in the near future.
The digital bank will also add more features this year, including:
- Bank statement and bank certificate service
- Expanded deposit and withdrawal network
- QR payment
- Extra GO Rewards at select establishments
- Debit card for international travels
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