LB Posted April 8, 2007 Share Posted April 8, 2007 any opinion on ps bank's 5.5% monthly interest rate on time deposit? Quote Link to comment
ninja_girl Posted April 9, 2007 Share Posted April 9, 2007 any opinion on ps bank's 5.5% monthly interest rate on time deposit? ei sounds interesting. where did you learn about it? want to know more Quote Link to comment
Pussyboy Posted April 9, 2007 Share Posted April 9, 2007 ei sounds interesting. where did you learn about it? want to know more PSBank has been doing this for years now. usually its a 5 year double your savings thing. should you preterminate, regular savings apply. TD rates are not applicable for preterminated accounts. minimum deposit before was p50k. Quote Link to comment
ninja_girl Posted May 17, 2007 Share Posted May 17, 2007 I read in RCBC's website that they are offering 7.5% interest pa for a 5 year time deposit. minimum is only P30,000. any comments? http://pinaymoneymaker.blogspot.com Quote Link to comment
Google Posted May 18, 2007 Share Posted May 18, 2007 I read in RCBC's website that they are offering 7.5% interest pa for a 5 year time deposit. minimum is only P30,000. any comments? http://pinaymoneymaker.blogspot.com my take on this..at 30,000 * 5 years at 7.5% PA = your interest would only be 11,250 for 5 years. liit. invest your money in equity or bond funds. mas malayo mararating. Quote Link to comment
ninja_girl Posted May 19, 2007 Share Posted May 19, 2007 ^ thanks for the advice! i'll research more re: equity an bond funds Quote Link to comment
tio_pot Posted May 20, 2007 Share Posted May 20, 2007 (edited) Why not try HomeCredit's Individual Savings Plan It gives you an 8% p.a. compounded monthly returns in your investments. Plus, you get a free life insurance... Comparison:HomeCredit (at 8%) Monthly Savings: 5,000 Target Savings: 300,000 Earnings after 5 years: 44,002.58 * Banks (at 5%) Monthly Savings: 5,000 Target Savings: 300,000 Earnings after 5 years: 32,024.33 * *net of fees and charges With HomeCredit, you don't have to worry about where to get the targeted savings when you don't have them yet. Instead, you are going to save monthly to achieve that particular amount. Plus you get a free life insurance that will make sure that you complete your targeted savings. PM me for more details Edited May 20, 2007 by tio_pot Quote Link to comment
SteveWynn Posted June 16, 2007 Share Posted June 16, 2007 not a good move esp since stocks are on the rise Quote Link to comment
Dr_PepPeR Posted June 16, 2007 Share Posted June 16, 2007 Why not try HomeCredit's Individual Savings Plan It gives you an 8% p.a. compounded monthly returns in your investments. Plus, you get a free life insurance... Comparison:HomeCredit (at 8%) Monthly Savings: 5,000 Target Savings: 300,000 Earnings after 5 years: 44,002.58 * Banks (at 5%) Monthly Savings: 5,000 Target Savings: 300,000 Earnings after 5 years: 32,024.33 * *net of fees and charges With HomeCredit, you don't have to worry about where to get the targeted savings when you don't have them yet. Instead, you are going to save monthly to achieve that particular amount. Plus you get a free life insurance that will make sure that you complete your targeted savings. PM me for more details For HomeCredit Savings Plan. Is it covered by PDIC? What happens if you want to preterminate before 5 years? What taxes are you referring to? Isn't this tax exempt for individuals if you maintain it for five years and one day? Quote Link to comment
julz2006 Posted June 29, 2007 Share Posted June 29, 2007 they are offering 1.3 % on personal loans..from 10k to 500k..next best thing to bdo's .88% but that one is,i think just a promo and has already ended..this one is their regular rate..3-5 banking days daw processing..any inputs?..have anybody tried this yet? Quote Link to comment
Dr_PepPeR Posted July 3, 2007 Share Posted July 3, 2007 they are offering 1.3 % on personal loans..from 10k to 500k..next best thing to bdo's .88% but that one is,i think just a promo and has already ended..this one is their regular rate..3-5 banking days daw processing..any inputs?..have anybody tried this yet? Sterling Bank offers about 1% on personal loans with the same processing times and no tiering for the amounts. BDO's rates are lower but they take more than a month to process. Quote Link to comment
julz2006 Posted July 3, 2007 Share Posted July 3, 2007 Sterling Bank offers about 1% on personal loans with the same processing times and no tiering for the amounts. BDO's rates are lower but they take more than a month to process. wow!..many thanks,doc peps..m googling it now...seems like their site is not that updated yet..i think we will have to communicate the old fashioned way or maybe just pay them a personal visit..salamat... Quote Link to comment
teasoy216 Posted July 20, 2007 Share Posted July 20, 2007 is that the best rate right now? Quote Link to comment
cherrrrypickerrrr Posted July 28, 2007 Share Posted July 28, 2007 Whats the highest time deposit yield now>? Quote Link to comment
tio_pot Posted August 17, 2007 Share Posted August 17, 2007 (edited) For HomeCredit Savings Plan. Is it covered by PDIC? What happens if you want to preterminate before 5 years? What taxes are you referring to? Isn't this tax exempt for individuals if you maintain it for five years and one day? We are not being policed by PDIC but we are under Home Guarantee Corporation because we are classified as a Mutual Building and Loan Association. Your savings are counted as preferred share of the company thats why only 10% is being charged. Rather than interests, dividends are being given to members. If ever a member preterminates the plan before the maturity of the contract, the earnings of your investments will be computed at 4% per annum. If you complete the term, it will be computed at 8% p.a. If ever, I can present to you a more detailed explanation personally. Edited August 17, 2007 by tio_pot Quote Link to comment
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