Comments on: How to invest in SDA – Special Deposit Accounts

By: jonhappiness

jonhappiness — Wed, 03 Mar 2010 12:04:38 +0000

Naku pagkalaki laking pera naman pala ang kailangan.

By: shane

shane — Fri, 20 Nov 2009 12:41:13 +0000

hi james.
lets say i have a million box and i use to put in sda. can you give me agood computation for 1ml. to 3.25% (1yr). salamat po

By: Money Blogger

Money Blogger — Tue, 30 Jun 2009 08:17:22 +0000

Thanks for the info.

What is the current interest rate for SDA?

By: James | PinoyMoneyTalk.com

James | PinoyMoneyTalk.com — Thu, 14 May 2009 00:32:56 +0000

Hi Jing, with time deposits and savings accounts, the money you give goes to the bank which they use to lend to other people or to invest so they can also earn money from it. If you invest in SDAs, on the other hand, the money does not go to the bank but rather to the BSP which pays the bank interest for “depositing” this money with them. The bank simply gets a cut from the interest rate it receives from the BSP and then the rest is given to you as interest for your SDA investment. Hope that clears it up!

By: Jing

Jing — Tue, 12 May 2009 08:06:02 +0000

Hi James, thanks for the reply. Hmmm, quite small pala no, even for a 500k. SO what’s the diff compared sa Time Deposit or Regular Savings Deposit? I am clueless, really.
THanks.

By: James | PinoyMoneyTalk.com

James | PinoyMoneyTalk.com — Tue, 12 May 2009 01:01:29 +0000

Hi Jing, I think it’s also P100,000 but better check with a BPI Family Bank branch to confirm. To compute your interest, assuming you placed P200k and the net interest rate is 3.25%, at 30 days, the interest you will earn is 200k * 3.25% * (30/365 days) = P534.25.

By: Jing

Jing — Mon, 11 May 2009 15:27:09 +0000

Hi,
What is the minimum amount accepted by BFB? and I am not really familiar with the SDA, can somebody care to enlighten me thru a sample computation, say, 200k @ 3.25% (14 days or 30 days), how much would the earning be at the end of the term?
thanks

By: James | PinoyMoneyTalk.com

James | PinoyMoneyTalk.com — Mon, 04 May 2009 10:06:51 +0000

@Feliciano, BFB is BPI Family Savings Bank. To check the actual net interest rates, better contact the bank you want to make an SDA placement with so you can also ask what other fees or taxes, if any, they deduct from your gross earnings.

By: Feliciano Bautista

Feliciano Bautista — Sat, 02 May 2009 14:59:45 +0000

Hi – regarding James’ comment above, what does BFB stand for? Pls confirm the net of 4.4375% is not subject to withholding tax. Thanks.

By: James | PinoyMoneyTalk.com

James | PinoyMoneyTalk.com — Wed, 29 Apr 2009 09:18:42 +0000

@Reel Advice, the SDA rates change regularly so just ask your branch what the current rate is when you make an investment.

@Student Athlete, I’d definitely go for SDAs right now because of the higher rates.

By: kate

kate — Tue, 28 Apr 2009 17:41:31 +0000

Metrobank SDA rate 3.6% per annum net and BPI SDA rate 3.25% net per annum.

By: Student Athlete

Student Athlete — Sun, 26 Apr 2009 06:08:30 +0000

I you would compare, will it be more profitable to go SDA that time deposit? Thanks!

By: Daniel

Daniel — Sun, 26 Apr 2009 01:20:17 +0000

I have SDA at BFB, rate is 4.9375% minus trust fee of 0.50%. It do not deduct withholding tax also.

By: Reel Advice

Reel Advice — Sat, 25 Apr 2009 03:49:49 +0000

Nice read! Although I still do not have even a million pesos to invest in SDA! by the way sir, do you know what the rates are for BPI?