Time Deposits

Aside from loans, MAVENCO also provides products for depositors. For the members that are interested to investing their money in Mavenco as Time Deposits, we can assure that we are offering competitive interest rates for their investments. But wait there’s more, the interest earned by their investment is tax free. These program is open for all members of the cooperative.The posting of the interest earned will be every quarter and may be withdrawn or automatically transferred to the regular savings account. If the Time deposit will be pre-terminated, the interest computation will return to the regular savings deposits interest rate which is 4% per annum. 

Amount 90 Days 180 Days 365 Days
5,000 to 50,000 5% P.A 5.5% P.A 6% P.A
50,001 to 200,000 6% P.A 6.5% P.A 7% P.A
200,001 to 500,000 6.5% P.A 7% P.A 7.5% P.A
500,001 to above 7.5% P.A 8% P.A 8.5% P.A

For more details of the products you can call us:
Main Office (032) 420-1872 | 239-6017
Suson Street Centro Mandaue City, Cebu

Consolacion Branch (032) 423-4527 | 236-7510
CPG Arcade Unit 9 Pitogo, Consolacion Cebu

Lapu-lapu Branch (032) 495-5464 | 340-9491
Igot Bldg. Punta Rizal, Lapu-lapu City, Cebu

Talisay Branch (032) 520-8378 | 462-2413
Door 2&3 Gee Ann Square Mall Highway Tabunok,
Talisay City, Cebu