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MrJaydee

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Posts posted by MrJaydee

  1. What bank offers the highest monthly time deposit interest?

     

    Most, if not all stable banks offer very similar rates. There are those that offer attarctiverates but these are normally banks that people will normally shy away from. An example are the Rural banks, a lot of which folded because of insolvency. In short, the saying "The higher the risk, the higher the returns" is very true in the savings/ time deposit sector.

  2. Hi Redshirt,

     

    The time deposit rates are so low at present that you will hardly earn anything. I suggest that you invest your money in the fixed income or at least the balanced funds. Check the mutual funds association of the Philippines website (pls search for its website in google) for the definition. Afterwards, I would recommend that you talk to some guys from Sunlife. Sunlife has some of the better performing funds. But first, I urge you to check the definitions of the different funds (from the site) and choose the type of fund that you'd like to invest in prior to making an appointment with the guys from sunlife of manulife. Why? These people have a number of products (insurance, specially) and they will try to make you invest in insurance that is bundled with guaranteed returns. That will defeat the very purpose of your investment and make you spend more money than what you have. These salespeople are out to make money and commissions are higher on the insurance business, as far as they know.

  3. I hope that this will turn out to be the slugfest that we are all wanting. Of course, Pacquiao should come out unscathed and victorious to conquer greater heights and humiliate that loudmouth JMM

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