Make your savings work harder with USBank’s IPON PLUS 2026 Time Deposit Campaign. Enjoy competitive promotional interest rates and cash incentives on qualified fresh time deposit placements, with additional benefits for larger placements.
The campaign runs until December 31, 2026.
See the poster below for the promotional rates, incentives, and key program details. Terms and conditions apply.
TERMS AND CONDITIONS
1. Campaign Period
The USBI IPON PLUS 2026 Time Deposit Campaign shall run until December 31, 2026, unless extended, modified, suspended, or terminated earlier by University Savings Bank, Inc. (USBI), subject to applicable rules and approvals.
The USBI IPON PLUS 2026 Time Deposit Campaign shall run until December 31, 2026, unless extended, modified, suspended, or terminated earlier by University Savings Bank, Inc. (USBI), subject to applicable rules and approvals.
2. Qualified Funds
Only fresh and incremental funds placed during the campaign period shall qualify for the campaign and shall be credited toward the applicable campaign targets.
Only fresh and incremental funds placed during the campaign period shall qualify for the campaign and shall be credited toward the applicable campaign targets.
3. Definition of Fresh Funds
Fresh funds refer to funds newly brought into USBI from sources outside the Bank. Transfers from existing USBI CASA, Time Deposit, or other deposit accounts shall not be considered fresh funds.
Fresh funds refer to funds newly brought into USBI from sources outside the Bank. Transfers from existing USBI CASA, Time Deposit, or other deposit accounts shall not be considered fresh funds.
4. Existing Time Deposits / Rollovers
Renewals or rollovers of existing USBI Time Deposits shall not qualify. However, any incremental fresh-fund portion added to an existing placement may qualify, subject to validation and approval under the campaign guidelines.
Renewals or rollovers of existing USBI Time Deposits shall not qualify. However, any incremental fresh-fund portion added to an existing placement may qualify, subject to validation and approval under the campaign guidelines.
5. Qualified Placements
Each qualified placement shall be properly identified and tagged to the referring branch, officer, or staff member at the time of placement. The referral must be properly documented in accordance with the Bank’s prescribed procedures.
Each qualified placement shall be properly identified and tagged to the referring branch, officer, or staff member at the time of placement. The referral must be properly documented in accordance with the Bank’s prescribed procedures.
6. No Double Counting
A qualified deposit may be credited only once for purposes of campaign performance and incentive computation. Double counting among branches, officers, or staff shall not be allowed.
A qualified deposit may be credited only once for purposes of campaign performance and incentive computation. Double counting among branches, officers, or staff shall not be allowed.
7. Deposits from the Perpetual Group, its owners, subsidiaries and affiliates, and related interests
are excluded from the campaign.
are excluded from the campaign.
8. Pre-Termination of Time Deposit
If a qualified Time Deposit is pre-terminated before its contractual maturity date, the corresponding depositor’s and referrer’s incentives shall be forfeited, subject to the approved campaign mechanics and applicable Bank policies.
If a qualified Time Deposit is pre-terminated before its contractual maturity date, the corresponding depositor’s and referrer’s incentives shall be forfeited, subject to the approved campaign mechanics and applicable Bank policies.
9. Validation of Qualified Placements
All placements and corresponding incentives shall be subject to verification and validation by the appropriate USBI units, including Operations, Treasury and Compliance, as applicable.
All placements and corresponding incentives shall be subject to verification and validation by the appropriate USBI units, including Operations, Treasury and Compliance, as applicable.
Only placements confirmed as compliant with the campaign mechanics shall be considered eligible for incentives.
10. Regulatory and Bank Policy Requirements
All Time Deposit placements shall remain subject to USBI’s existing policies and procedures, including applicable:
All Time Deposit placements shall remain subject to USBI’s existing policies and procedures, including applicable:
- Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements;
- Related-party and DOSRI requirements, where applicable;
- Deposit-account opening and documentation requirements; and
- Applicable Bangko Sentral ng Pilipinas, PDIC, and other regulatory requirements.
11. Branch Officers and Staff
Branch officers and staff are excluded from participating in the Program.
Branch officers and staff are excluded from participating in the Program.
12. Incentive Eligibility
Payment or release of any depositor or referral incentive shall be made only after the qualifying placement has been validated and all required documents and campaign conditions have been satisfied.
Payment or release of any depositor or referral incentive shall be made only after the qualifying placement has been validated and all required documents and campaign conditions have been satisfied.
13. Taxes and Other Charges
Interest earned on Time Deposits and any applicable incentives shall be subject to prevailing withholding taxes, withholding requirements, and other charges required by law or regulation, where applicable.
Interest earned on Time Deposits and any applicable incentives shall be subject to prevailing withholding taxes, withholding requirements, and other charges required by law or regulation, where applicable.
14. Interest Rates
Promotional Time Deposit rates shall be based on the rates approved by USBI for the campaign. Interest rates are subject to change without prior notice, subject to applicable laws, regulations, and Bank policies. The rate applicable at the time a qualified Time Deposit is booked shall govern the placement, subject to its terms.
Promotional Time Deposit rates shall be based on the rates approved by USBI for the campaign. Interest rates are subject to change without prior notice, subject to applicable laws, regulations, and Bank policies. The rate applicable at the time a qualified Time Deposit is booked shall govern the placement, subject to its terms.
15. Bank’s Right to Validate or Disqualify
USBI reserves the right to reject or disqualify any placement or referral that does not comply with the approved campaign mechanics, contains incomplete or inaccurate information, involves double counting, or is determined to be inconsistent with Bank policies or applicable regulations.
USBI reserves the right to reject or disqualify any placement or referral that does not comply with the approved campaign mechanics, contains incomplete or inaccurate information, involves double counting, or is determined to be inconsistent with Bank policies or applicable regulations.
16. Amendments to the Program
USBI may amend, suspend, extend, or terminate the campaign or any of its mechanics, subject to appropriate internal approval and applicable regulatory requirements. Any material changes shall be communicated through the Bank’s authorized channels.
USBI may amend, suspend, extend, or terminate the campaign or any of its mechanics, subject to appropriate internal approval and applicable regulatory requirements. Any material changes shall be communicated through the Bank’s authorized channels.
17. Acceptance of Terms
Participation in USBI IPON PLUS 2026 constitutes acceptance of these Terms and Conditions and the Bank’s applicable deposit-account terms, policies, and regulatory requirements.
Participation in USBI IPON PLUS 2026 constitutes acceptance of these Terms and Conditions and the Bank’s applicable deposit-account terms, policies, and regulatory requirements.
