Land Bank of the Philippines’ “Harvest 5″ long-term time deposit
November 22, 2006
Product Name
Land Bank of the Philippines' Tax-Free "Harvest 5" Long-term Time Deposit
Product Description
A long-term time deposit offered to individuals (single or joint accounts) by Land Bank of the Philippines (LBP), earning the prevailing market interest rate.
Term
Five (5) years and one (1) day
Minimum investment
P100,000
Interest Rate
Prevailing market rate
Tax exemption
No withholding tax and documentary stamp tax if maintained until the end of the investment period
Options for Interest Crediting
Compounding - Interest earned is reinvested with the capital and compounded monthly until maturity
Monthly Crediting - Interest earned is credited to an affiliate LBP account every month
Pre-Termination Penalty
If the investment is pre-terminated within ninety (90) days from the date of placement, interest rate to be applied is the prevailing regular savings interest rate. If pre-terminated beyond ninety (90) days but below five (5) years from the date of placement, interest to be applied is the time deposit posted depending on the amount and days of placement.
Contact Details
Land Bank of the Philippines
LANDBANK Plaza
1598 M. H. Del Pilar cor Dr. Quintos Streets
Malate, Manila, Philippines 1004
Office Numbers: (632)5512200 / 6220000 / 4507001
Website: www.landbank.com
Discuss this product
Discuss this and other time deposit and bank products in the Banking, Personal Finance, and Other Money Matters board of the PMT Forum.
[tags]investments Philippines, investment products, time deposit Philippines, high yield investment, high return, interest rate, Land Bank of the Philippines, LandBank[/tags]
Citystate Savings Bank’s Lion King Club
November 7, 2006
Citystate Savings Bank, Inc. was registered with the SEC on May 20, 1997. The Monetary Board of the BSP granted the Bank a license to operate as a thrift bank on August 7, 1997. The Bank was envisioned to become a major thrift bank and a strategic partner in the development of the SME market in the Philippines.
The Bank began its commercial operations on August 8, 1997 when it opened its first branch located in the Dominga Building in Chino Roces corner Dela Rosa Streets in Makati City. The Bank's principal and administrative offices are currently located at Citystate Centre Building along Shaw Boulevard in Pasig City, Metro Manila.
Citystate Savings Bank is a member of BancNet and the PDIC.
The Lion King Club
The Lion King Club is an exclusive, elite club of Citystate Savings Bank depositors. Once you open a savings or checking account at the bank and maintain a minimum balance of one hundred thousand pesos (Php 100,000) for 30 days, you automatically become a member of the Lion King Club for the whole year.
National Life Insurance Company’s Term Plus Products: 8% and 10% p.a.
October 17, 2006
NOTE: We have started the Investment Products series that compiles deposit and investment products offered by banks and financial institutions in the Philippines. These articles are for informational purposes only, they do not constitute an endorsement or recommendation by Pinoy Money Talk.
Product Name
Term Plus
Product Description
A combined term life insurance and financial product offered by National Life Insurance Company of the Philippines. It is said to be a low-risk and moderately high-return passive investment vehicle.
TWO (2) OPTIONS OF TERM PLUS
(1) COMPOUNDED INTEREST OPTION - Guaranteed 8% Interest Per Annum
Sample Investment: P1,000,000
In 10 Years, your money is P2,158,925*
In 25 Years, your money is P6,848,475*
In 50 Years, your money is P46,901,613*
Minimum Investment: P1 million
Offer ends on November 2, 2006
(2) MONTHLY INTEREST INCOME OPTION - Guaranteed 10% Interest Per Annum for 5 Years
Sample Investment: P1,000,000
P1M X 10% p.a. = P100,000*
P100,000 / 12 months = P8,333.33* every month for 5 yearsTotal Income in 5 Years: P500,000*
Minimum Investment: P500,000
** Actual figures will depend on the age of the investor. The actual figures can be seen if you request for a proposal.
The Term Plus product is exempt from withholding and estate taxes. The principal is said to be insured through the use of reinsurance companies.
Discuss this product
Join the discussion of this product in the National Life Insurance Company's Term Plus Product: 8% and 10% per annum thread in the PMT Forum.
tags]investments Philippines, insurance Philippines, National Life Insurance Company, investment products, high yield investment, high return[/tags]
