Metropolitan Bank & Trust Company is offering higher returns on its digital time deposit products as Filipinos increasingly seek safer investment options and better yields amid rising living costs and economic uncertainty.

The bank said its Online Time Deposit (OTD) product now offers interest rates of up to 5 percent per annum, positioning the digital savings product as an accessible alternative for customers looking to grow idle funds while maintaining financial discipline.

The move comes as more consumers shift toward digital banking platforms for savings and investment management, while also searching for ways to protect purchasing power against inflation and higher household expenses.

Metrobank said the upgraded rates are available through the Metrobank App and Metrobank Online, allowing customers to open and manage time deposits without visiting physical branches.

The lender said the platform is designed to encourage long-term saving habits by helping customers separate funds intended for future use from daily spending accounts.

Backed by varying deposit amounts and flexible tenors, the product allows customers to choose savings arrangements based on their financial goals and liquidity needs.

The bank also highlighted the role of digital financial products in expanding access to structured savings tools, particularly among younger and tech-savvy consumers who increasingly prefer mobile-based banking services.

Metrobank, which was previously recognized by The Asian Banker as the country’s strongest bank, said the initiative forms part of its broader effort to strengthen financial resilience among Filipino households through secure and convenient banking products.

Customers without existing accounts may open an eSavings account to access the Online Time Deposit offering and qualify for the higher interest rates, the bank said.