Time Deposits

[Dr_Worm]

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try LBC bank. based on their web site its 7.5%... i think its safe since the bank is member of pdic

[pat_gracie07]

I suggest deposit in a cooperative like MAVENCO (Mandaue City) Cooperative. Just a minimum of 50,000 in 3 months, it will earn 6%, 6mos. 6.5% and in a year 7%. Aside from higher interest rates, MAVENCO is tax-free while banks have taxes.

[blaze_t]

if your main intention is to solely grow your money for long term, bank will just disappoint you in terms of return and flexibility. i suggest you open an account in mutual funds. it'll give you a minimum of 8-12% return p.a. and is very affordable. for a minimum of 5000 you can already open an account. example of mutual fund companies here in the philippines is philequity and fami. i personally have my account in philequity and it really gives a big roi.

happy saving...

[wealthyhead]

@TS: try to ask city savings or chinabank for their time deposits

note: time deposit interest rates can't outpace inflation. mutual funds are better options.

[jacksparrow023]

Mga bro, any idea how much the interest rates for time deposit in BDO? Plano nko i-time deposit ang ako 300K for 5 years, BDO lang kay BDO man ako Bank.

[brin]

bro. didto ko BDO last week gi offeran ko 5years RTB(Retail treasury bond) ang rate 4.1 something gross, inquire lang bro sa BDO.

[nowayL]

bro. didto ko BDO last week gi offeran ko 5years RTB(Retail treasury bond) ang rate 4.1 something gross, inquire lang bro sa BDO.

Unsa ning 4.1 something Bro?, per annum ni nga interest?

[Tirong-say]

Yup, mao pud sa ako...2.0% ra ang interest, mas maayo gyud investment, nakapalit na ko ug mga yuta mostly cooconut farms lang mas maayo baya pud, pero mag-usab2x lang ang earnings depende sa bunga sa lubi, patamnan na pud nako ug mga mangga ug lansones karon, pero mohuwat pa kagi ko mga 5-10 years, pero kung mosugod na pud ug bunga earnings na gyud hinuon.

[kitz]

If you want mas dako na interest.. try lbc bank or banco filipino

[brin]

Unsa ning 4.1 something Bro?, per annum ni nga interest?

yes per annum bro..