Peso Time Deposit Rates

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[tokzz]

@ leela & wintan,
i called plantersbank and they said na mali daw yung 7% sa inquirer. that offer ended last feb pa daw. yung 5yr is only 6.25%, monthly interest out. yung 1yr term naman is 5.75%... still better than other commercial or thirft bank offer

[wintan2006]

 ^salamat tokzz for the update.

[leela]

@ leela & wintan,
i called plantersbank and they said na mali daw yung 7% sa inquirer. that offer ended last feb pa daw. yung 5yr is only 6.25%, monthly interest out. yung 1yr term naman is 5.75%... still better than other commercial or thirft bank offer

ay, bad! false advertising sila!  

[Ripantnow]

ano forecast nyo, magbababa pa ba mga banks later? palagay nyo ano magiging movement sa mga darating na weeks months?

[wintan2006]

     ^sa tingin ko either bababa pa sya or will stay the same.it will take years bago aakyat uli ang interest rates unless mag inflation uli .One thing you can do is park your money in 1 year TDs while waiting for the interest to shoot up again or park it in bdo peso money market fund,no fees yan.you can widthraw anytime even a day after you have placed with them.it's  earning me 4 to 4.5% per annum better than savings deposits so pag may magandang product na lumabas like corporate bonds giving higher interest ,i have available cash to invest.suggestion lang po.

      mahirap tumaas ang rates ngayon sa banks ewan ko sa pInas pero dito sa Taiwan(eto na naman ako mag istorya ulit)takot na magpautang ng marami ang banko lalo na sa mga mortgage loans.Since takot sila pautang ng marami dahil baka inde makabayad,dami nila cash sa vault kaya ibababa nila ang rates kasi inde naman nila kailangan ng cash na.

[Blessme]

Tokzz pede magtanong kung net na ba yang 6.25% and 5.75  or may tax pa?  thanks....sa pnb nagtanong ako meron sila 5 year 6.5% net na daw....

nga pala bakit di pede ma quote yung post na gusto kung i quote?  

[tokzz]

^blessme,
yung 6.25% is net daw kasi 5yrs. Yung 5.75 is gross kasi 1yr lang yung term

[Blessme]

salamat Tokzz sa reply

[mokoy222]

dati nag inquire ako sa Rural bank of makati meron silang 10% monthly out sa 5 years..sa 250,000 pero ngayon hindi ko alam kung meron pa..hmmmmmmm.....

[Ripantnow]

     ^sa tingin ko either bababa pa sya or will stay the same.it will take years bago aakyat uli ang interest rates unless mag inflation uli .One thing you can do is park your money in 1 year TDs while waiting for the interest to shoot up again or park it in BDO peso money market fund,no fees yan.you can widthraw anytime even a day after you have placed with them.it's  earning me 4 to 4.5% per annum better than savings deposits so pag may magandang product na lumabas like corporate bonds giving higher interest ,i have available cash to invest.suggestion lang po.

      Mahirap tumaas ang rates ngayon sa banks ewan ko sa pInas pero dito sa Taiwan(eto na naman ako mag istorya ulit)takot na magpautang ng marami ang banko lalo na sa mga mortgage loans.Since takot sila pautang ng marami dahil baka inde makabayad,dami nila cash sa vault kaya ibababa nila ang rates kasi inde naman nila kailangan ng cash na.

di ko sya makita sa website ng BDO, its under what category?

edited: nevermind, found it.

[Bp22estafa]

dati nag inquire ako sa Rural bank of makati meron silang 10% monthly out sa 5 years..sa 250,000 pero ngayon hindi ko alam kung meron pa..hmmmmmmm.....

10k lang daw minimum dito. so another alternative rin ito

[palailai]

^Bp22estafa,

Effective march 1 2009 ang five year time deposit interest out ng bank of makati ay 9% bumaba po ng 1% kasi dati 10%% po ito. same lang po 5,000 ang minimum. 9.5% per annum ang 5yrs pero hindi xia interest out ,onthly.

[neophyter]

Hi! I'm a newbie in this forum. I'd like to ask your suggestions on which bank should I put my 200K as time deposit for a 30-day or 60-day period? Yung magandang interest rates saka formidable institution talaga. Need some help naman oh...  

[venyatar]

I'd like to ask your suggestions on which bank should I put my 200K as time deposit for a 30-day or 60-day period?

Avoid local banks for the moment - walang kasiguraduhan na makukuha mo pera mo kung biglang magsara sila. Mas safe pa rin ang money mo sa mga big foreign multinational banks - mas malaki chance na i-bailout sila ng mga governments nila in case magkaproblema sila.

[Bp22estafa]

sayang hindi ako nakahabol dyan. but ill still place some since ok pa rin rate nila & mababa lang ang minimum deposit.

for me it's a good sign they are lowering their interest rate for deposits. it only means they now have sufficient liquid funds. expect them to bring down the rate more going to the 3rd quarter of this year.

^Bp22estafa,

Effective march 1 2009 ang five year time deposit interest out ng bank of makati ay 9% bumaba po ng 1% kasi dati 10%% po ito. same lang po 5,000 ang minimum. 9.5% per annum ang 5yrs pero hindi xia interest out ,onthly.