Guest lustfortravel Posted October 12, 2008 Share Posted October 12, 2008 i have a sunlife uitf seens last year as of now negative 25% in my investment .. the bdo are offering short term papers of bdo 5.14% net to 5.4% net they are giving much compare to sda of other bank ...... your sunlife investment may have exposure in stocks, hence the negative returns. sdas are being sold by bangko sentral at 6.1875% gross or 4.95% net of tax to all banks. banks then get their spreads from the net rate. i wonder what short term paper bdo is offering to be able to quote a net rate of 5.14-5.4% p.a. ? would you care to enlighten us on what type of product this is? Quote Link to comment
dexterhaba Posted October 12, 2008 Share Posted October 12, 2008 how about psbank? ang taas ng interest rate nila kaya nagtataka ako ala man lang nagtatanong tungkol dito,, any info mga masters??? :goatee: Quote Link to comment
kamandag7 Posted October 14, 2008 Share Posted October 14, 2008 your sunlife investment may have exposure in stocks, hence the negative returns. sdas are being sold by bangko sentral at 6.1875% gross or 4.95% net of tax to all banks. banks then get their spreads from the net rate. i wonder what short term paper bdo is offering to be able to quote a net rate of 5.14-5.4% p.a. ? would you care to enlighten us on what type of product this is? sir, time deposit taxable ( own bank ) bdo papers rate is 6.437500% not 5.14 its 5.15 . my friend in iloilo got it @ 5.4 net maybe he place more money . that was when some text rumors regarding bdo in investing in lemman brothers . they are offering that rate . why took the offer even thou they are rumors about it .bdo is no.2 bank in phil. 9-29 is the date i got the 5.15net right now they are offering 5.1 net for 90days :hypocritesmiley: Quote Link to comment
teban Posted October 14, 2008 Author Share Posted October 14, 2008 how much would be the minimum investment for the time deposit offered by BPI? thanks! Quote Link to comment
Guest lustfortravel Posted October 15, 2008 Share Posted October 15, 2008 sir, time deposit taxable ( own bank ) bdo papers rate is 6.437500% not 5.14 its 5.15 . my friend in iloilo got it @ 5.4 net maybe he place more money . that was when some text rumors regarding bdo in investing in lemman brothers . they are offering that rate . why took the offer even thou they are rumors about it .bdo is no.2 bank in phil. 9-29 is the date i got the 5.15net right now they are offering 5.1 net for 90days :hypocritesmiley: thanks. so it's an ordinary time deposit. btw, i'm female. how much would be the minimum investment for the time deposit offered by BPI? thanks! i wouldn't even consider the time deposits of bpi; the rates are way too low. ask about the SDA they offer- minimum is 100k. Quote Link to comment
Dr_PepPeR Posted October 16, 2008 Share Posted October 16, 2008 thanks. so it's an ordinary time deposit. btw, i'm female. i wouldn't even consider the time deposits of bpi; the rates are way too low. ask about the SDA they offer- minimum is 100k. Special savings rates are usually higher than ordinary time deposit rates. So BPI allows SDAs for only 100K? I heard BDO has upped the minimum to P1MM. Hard to imagine BPI going retail nowadays. Incidentally, there are a lot of banks suffering from the financial crisis. They are bravely putting on a smiling face but deep inside they're hurting. Quote Link to comment
kamandag7 Posted October 16, 2008 Share Posted October 16, 2008 (edited) thanks. so it's an ordinary time deposit. btw, i'm female. i wouldn't even consider the time deposits of bpi; the rates are way too low. ask about the SDA they offer- minimum is 100k.sorry i overlook your gender thanks for the correction Edited October 16, 2008 by kamandag7 Quote Link to comment
Guest lustfortravel Posted October 17, 2008 Share Posted October 17, 2008 Special savings rates are usually higher than ordinary time deposit rates. So BPI allows SDAs for only 100K? I heard BDO has upped the minimum to P1MM. Hard to imagine BPI going retail nowadays. Incidentally, there are a lot of banks suffering from the financial crisis. They are bravely putting on a smiling face but deep inside they're hurting. apparently, bpi is going retail nowadays. my relationship manager approached me recently and offered their uitfs/mf at a minimum of $1,000. i think competition is getting to be so stiff that they realized they have to get off their "high and mighty" perch. in fact, business is so bad that a friend told me allied bank offered the SDA to her at 4.95% net and even bragged that they are not making any spreads anymore over the Bangko Sentral rate. now why would banks even consider not making any spreads if they have overhead expenses to pay for? it doesn't make any sense at all. Quote Link to comment
kadafy Posted October 17, 2008 Share Posted October 17, 2008 true. bpi sdas are @ Php 100K minimum. 5.15% na pala. i got mine 4.95-.96 'ata. 3 months ago... Quote Link to comment
kamandag7 Posted November 5, 2008 Share Posted November 5, 2008 i heard that bank of commerce is offering 7.5% per annum 6% net minimum placement is 1m . unlike bdo 5.2% net for 38- 45 days . Quote Link to comment
capt morty Posted November 5, 2008 Share Posted November 5, 2008 Based on my personal investigations PS bank offers the highest interest rate for ordinary time deposit. They even offer tax-free interest earnings if you keep your money for 5 years. Minimum placement is 50k Quote Link to comment
teban Posted November 5, 2008 Author Share Posted November 5, 2008 bro madami na ngayong mga banks na nagoofer ng tax free but terms is 5 years given ata ng bangko sentral yan eh bpi has increased their rate from 1.5% to 3 percent Quote Link to comment
kamandag7 Posted November 13, 2008 Share Posted November 13, 2008 security bank offer tier 5 years placement @ 8.5%net minimum of 1m..... if your going to buy a new car worth 1m after 5years it depreciate by 50% to 60%....... if you put your money in a bank like sbc are offering the effect rate 42.5% to 47.5%....... after 5years your money will earn about 475k while buying a car worth a million after 5 years . probably your car only worth that time is 4ook to 500k ...but the only thing is you enjoy of having a new car. but worth wise is it's better to save your hard earn money.. than having luxury of buying a new car. just my 2cents :hypocritesmiley: Quote Link to comment
kamandag7 Posted November 18, 2008 Share Posted November 18, 2008 sorry it's not 1m minimum only 500k & quaterly interest pay out interest is 8.25 to 8.75 net Quote Link to comment
Guest lustfortravel Posted November 19, 2008 Share Posted November 19, 2008 security bank offer tier 5 years placement @ 8.5%net minimum of 1m..... if your going to buy a new car worth 1m after 5years it depreciate by 50% to 60%....... if you put your money in a bank like sbc are offering the effect rate 42.5% to 47.5%....... after 5years your money will earn about 475k while buying a car worth a million after 5 years . probably your car only worth that time is 4ook to 500k ...but the only thing is you enjoy of having a new car. but worth wise is it's better to save your hard earn money.. than having luxury of buying a new car. just my 2cents :hypocritesmiley: i think you mean tier 2 placement which actually has a 10 year term but the issuer - security bank - has the option to call the paper on the 5th year. Quote Link to comment
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