BSP OKs time deposits under PERA

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has allowed qualified banks to offer time deposits as investment products under the Personal Equity and Retirement Account (Pera), expanding the list of options available to Filipinos saving for retirement. Under Memorandum No. M-2026-044, Pera time deposits must have a minimum maturity of 30 days. Upon maturity,