Time Deposits

[Soggy2]

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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...

please be cautious with statements like this

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.

The returns are NOT GUARANTEED, you can even loose money if the product does not guarantee capital protection.


SDA man ang taas ug rate karon sa banks. dili lang ni guaranteed by PDIC then usually tag 30-35 days.
BDO - 2.95% net pa
BoC - 3.10% net pa
Citibank - 2.85% net pa
Metrobank - 3.00% net pa

mao ni ako last pag inquire. kalimot pud ko pilay minimum ani nila.

[petzki_518]

i've heard investing in mutual funds are better coz it gives a higher return. i'm planning to invest in these funds but i dont't know as to what banks or companies. any suggestions? i dont know how these work as well. ur comments and replies will be much appreciated..

[MIXEDSTUFF@]

I believe BPI has a 10k time deposit.

[nowayL]

SDA man ang taas ug rate karon sa banks. dili lang ni guaranteed by PDIC then usually tag 30-35 days.
BDO - 2.95% net pa
BoC - 3.10% net pa
Citibank - 2.85% net pa
Metrobank - 3.00% net pa

mao ni ako last pag inquire. kalimot pud ko pilay minimum ani nila.

Unsay buot pasabot nimo ani Bro? After 30-35 days maka-earn naka sa interest nga imong gilista?

[Soggy2]

Unsay buot pasabot nimo ani Bro? After 30-35 days maka-earn naka sa interest nga imong gilista?

yes pero per annum na na rates. meaning ang 3.00 net na rate i-multiply by 30(to 35) then divide by 360.

[nowayL]

yes pero per annum na na rates. meaning ang 3.00 net na rate i-multiply by 30(to 35) then divide by 360.

Ok Bro, gamititoy gyud kaayo ang interest ... hehe

[lorenzoleo]

please be cautious with statements like this


The returns are NOT GUARANTEED, you can even loose money if the product does not guarantee capital protection.


SDA man ang taas ug rate karon sa banks. dili lang ni guaranteed by PDIC then usually tag 30-35 days.
BDO - 2.95% net pa
BoC - 3.10% net pa
Citibank - 2.85% net pa
Metrobank - 3.00% net pa

mao ni ako last pag inquire. kalimot pud ko pilay minimum ani nila.

If long term jud imung tumong imu MF, let us say 10 years, attainable ng 8%-12% compounded.
Mag up and down ang price pero ang long term effect pataas jud na siya.

Kung imu tanawon, especailly ang performance sa PhilEquity, ang worst case na ni dive ug maayo ang NAVPS kay during the Financial Crises pero wala man ni balik ug 1 ang price. Hehehe!
use cost-averaging technique when investing kay wala maayong laki na makatag.an sa NAV.

[honey2723]

@jacksparrow - I'd like to invite you to a Personal Finance Literacy Program - There, I will discuss the consequences of putting your money in the bank if intended for mid-long term use siya... I will also share the rates of the time deposits in the top 3 banks here in the Philippines.

This is the link for the event. Thanks https://www.istorya.net/forums/busine...y-program.html ,

[honey2723]

to all posters in this thread I would encourage you ALL to join the Personal Finance Literacy Program that I'll be conducting in the next 2 Saturdays, Aug 21 and 28. There, I'll show you why saving in the bank was okay BEFORE but not these days...

[pat_gracie07]

Hello.. I would like to introduce MAVENCO Cooperative.. Here is the time deposit table:

AMOUNT 3MOS 6MOS 1YR
50K-200k 6% 6.5% 7%
200,001-500K 6.5% 7% 7.5%
500,001-UP 7.5% 8% 8.5%

*TAX-FREE/VAT-EXEMPTED
Aside from this privileges, you can receive dividends from your share contributions regularly...

for more information contact:
345-5022/09995240731
MARY GRACE ALBANO
Account Officer