Time Deposit

[2020VISION]

other coops offer higher rate

[lintanks]

other coops offer higher rate

We are comparing apples and oranges.

[wizard_jamex]

There are. Do it sooner than later because the RTBs are being bought left and right.

These RTBs are being bought out by big ticket accounts. I am aware of quite a few placements in the tens of millions.

Kato imo gipost ganiha, sa BDO to na bank. Katong RTB nga 5k

[lorenzoleo]

I just bought MoneySense magazine last Monday (Feb. 21, 2011), I read about Time Deposit topic in their issue and found out the top ten banks that offer high interest rate in TD.

1. Malayan Bank - "Malayan Bank Doble Doble sa Power Saver" (Thrift Bank)
Interest rate : 8.5%
Minimum Deposit : Php 5,000.00
Welcome to Malayan Bank

2. LBC Bank - "LBC Royal Earner" (Thrift Bank)
Interest rate : 8.0%
Minimum Deposit : Php 10,000.00
:: LBC Bank | Splash ::

3. AMA Bank - "5 years Time Deposit" (Rural Bank)
Interest rate : 7.25%
Minimum Deposit : Php 50,000.00
AMA Bank

4. Premiere Bank - "CTD Flex Time Deposit" (Thrift Bank)
Interest rate : 7.0%
Minimum Deposit : Php 50,000.00
Premiere Bank

5. Veteran Bank - "Hyper Savers, Maxi Return and Advantage Plus Time Deposit" (Commercial Bank)
Interest rate : 6.0%
Minimum Deposit : Php 100,000.00 (except Hyper Savers)
::Philippines Veterans Bank Website::

6. Planters Bank -"Premium Five" (Thrift Bank)
Interest rate : 5.75%
Minimum Deposit : Php 50,000.00
Planters Development Bank - The SME Bank Enabling Entrepreneurs

7. Sterling Bank - "Maxima 5 Long Term Deposit" (Thrift Bank)
Interest rate : 5.125%
Minimum Deposit : Php 25,000.00
Sterling Bank of Asia

8. May Bank - "ADDvantage 5 year Time Deposit" (Commercial Bank)
Interest rate : 4.75%
Minimum Deposit : Php 50,000.00
Maybank.com.ph

9. BPI Family Savings Bank - "BPI Family Savings Bank Plan Ahead" (Thrift Bank)
Interest rate : 4.5%
Minimum Deposit : Php 100,000.00
Welcome to Bank of the Philippine Islands

10. PNB - "PNB Wealth Multiplier" (Universal Bank)
Interest rate : 4.00%
Minimum Deposit : Php 50,000.00
Philippine National Bank Corporate Website - Bank with Us

Kuyawa sa ang dili kaayo ilado nga banks dagko lagi ug interest kay sa commercial banks? (I'm skeptic, )

[lintanks]

Now we are starting to think.

[wizard_jamex]

Kuyawa sa ang dili kaayo ilado nga banks dagko lagi ug interest kay sa commercial banks? (I'm skeptic, )

Mao jud. Ako lang ni gishare sa taga istorya about ani.

[nutjugger]

ang banko ra man ang maka ginancya ug dako sa time deposits, ang business 100-200% annual interest.. ngita sad ko business partners mga 3 months pa ko mag start.

[lintanks]

Banks make a lot of money via spreads. Banks take in money from the public through deposits, ie, current, savings or time deposit. Example, ang time deposit is paying about 2 to 3% p.a. and the banks turns around and lend the funds at lending rates of 9 or 10pa.

The banks can also make more money via consumer loans, ie, appliance loans, car loans, etc. which are at about 12 to 14% pa.

Mas grabe pa kong credit card loans. It can go up to 30% pa.

That is why I go for business investments rather than keeping them in the bank.

Look for good partners for good business projects if you can not go it alone.

Sometimes, capital is not all. Partnership is good for synergy in business.

[mingscians]

Mga bosing asa na banko maayong mag invest ng Mutual Fund?

[wizard_jamex]

Mga bosing asa na banko maayong mag invest ng Mutual Fund?

Mutual fund is not a bank. You can invest it through broker like IMG.