These are Dollar denominated promissory notes* issued by First Metro Investment Corporation, earning a competitive interest rate at an affordable minimum investment requirement.


Product Features


Minimum Investment Requirement 

USD 5,000.00


Usually quoted 1 -3 months a year


Varies daily depending on market and tenor

Interest Computation

Simple Interest Computation: (Principal x Net Rate x Tenor) / 360

Tax Feature

Subject to the 20% withholding tax


Promissory Note

Liquidity Policy

First Metro will impose penalty depending on the remaining tenor of the instrument. Subject to Documentary Stamp taxes upon pre-termination for the account of the client (P1.50 for every P200.00 or its equivalent in US dollars, multiplied by the remaining term, divided by 365 days).

Trading Hours

Cut-off time is 12:00 noon


The instrument bears attractive returns as compared with Dollar Time Deposit.


 *This is not a deposit account. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.


 Read the Terms and Conditions here.