MOST STABLE RURAL BANKS IN THE PHILIPPINES TODAY!?

[DARK_KNIGHT]

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[ice_man101]

15% TO 20% (OR MORE) PER ANNUM INTEREST RATES OF SOME OF THE RURAL BANKS MENTIONED HERE IS SOMETHING YOU JUST CAN'T IGNORE. BUT THERE ARE SOME QUESTIONS ARE BOTHERING ME REGARDING THESE BANKS. THERE AS FOLLOW:
                           1) NOT ALL RURAL BANKS ARE INSURED BY PDIC RIGHT?
                           2) IN CASE SOME OF THEM ARE, IS THERE A SPECIFIC PERIOD OF THEIR INSURANCE?
                           3) IN CASE THERE IS AN INSURANCE PERIOD SPECIFIED BY PDIC, WHAT WILL HAPPEN TO YOUR DEPOSIT IF THE BANK SUDDENLY CLOSE AFTER THE INSURANCE PERIOD EXPIRED?
                           4) IN YOUR PREVIOUS EXPERIENCES WITH THESE BANKS, WHICH OF THESE BANKS ARE MORE DEPENDABLE? WHICH DO YOU RECOMMEND THE MOST?
                           5) IF YOU HAVE LET SAY 1 MILLION PESOS TO INVEST, DO YOU PREFER TO INVEST ALL IN THESE BANKS OR ARE YOU GOING TO DIVERSIFY YOUR INVESTMENT? HOW DO YOU PREFER TO DO IT?

HOPE YOU CAN HELP ME WITH THESE QUERIES THANKS...

il try to answer your queries, to as far as i understand, point by point.

1. i understand rural banks have a license and they are bsp and pdic members., for you to get relief check the BSP website, before you engage in a transaction

2. as of the moment, i dont hear any instances/limitations of period of coverage, as far as i know, limitations is only on the amount per depositor. 250k. read pdic notices on this.

3. as number 2.

4. no one can assure recommedation, maybe I can share experience, but never would I recommend, at the end of the day, you should decide it for yourself, you need to assess your risk appetite on your own, for there is no such thing as a risk free investment.

5. if i have 1million, i will invest it into 4 different member banks of which pay interest monthly, atleast im assured of the 250k pdic insurance for my capital.

but i will reiterate, if it is my own 1m, for that is my risk appetite and that's how i mitigate risk.

hope this helps!

[LAV]

[segurista]

[segurista]

[segurista]

one last friendly advise ..please do not use capital letters dito kasi sa PMT pag capital lahat sumisigaw ang dating ...

segurista

[mlangseth]

Dark night, I mean Dark knight, Alam ko mas matanda ako sa iyo, maybe more matured (hehehe).
Didn't I suggest to you before - PM THE PROFESSOR!
Sabi ko pa mas swerte kayong mga bago kasi, spoonfeeding na ang nangyayari - hindi na kayo magre RESEARCH. Do not get sore, ok, friendly advice lang ito.
Mabuti na lang mababait ang mga PMT' ers, maski pabalik-balik ang tanong, may sumasagot pa rin.
Noble talaga ang mga tao dito, unselfish, giving and responsible.
Esp, si Mr SEGURISTA and Mr LAV!!

[daveyc]

hey dark knight,
i'm glad you are going this route with the rural banks instead of blowing your hard earned money with stocks.  investing in these rural banks has been a blessing to me, not only are the interest rates great and with your deposit insured with pdic, these banks really do help the local economies develop and helps a lot of people.  good luck!

[dalee]

so, ok lang to invest  in any rural bank basta hindi lalagpas ng 250k dahil insured naman yun ng PDIC?

[pingles]

naku sakit sa ulo pag nagsara...baka abutin ng taon bago mo makuha pera mo...yang high interest na yan eh may pag-immoral na...kaya unstable yan...its up to you kung papatulan mo yan, the risk much much higher than if you put your money in a more stable bank...bakit mo ba pinag-iisipan yan, di ka siguro regular employee at walang inaasahan na pensyon pagtanda ano?

[Shaun]

iv seen bank of paranaque somewhere in marikina, is it the same bank which is located in paranaque?..thanks.

[bicolano008]

i agree with pingles....but investing on RURAL BANKS is not bad at all....you just have to know the bank(stability), inside the bank(officers), behind the bank(owners), within the bank(operations)....some of them are giving high interest rates and giving incentives such as cellular phones or a 1 year advance interest, or even a sack of rice....but when time comes, you will just know that they closed due to they are involved in a syndicated quasi-pyramiding.
wahahaha....it's not a fiction...it's a FACT.

[DongViktor]

there is a general rule that was taught to us before:

"if an investment guarantees an interest higher than universal bank loan rates you better run from it".

now this is just a thought. it's up to the readers to believe it or not.

[bicolano008]

[royal_argosys]

hindi naman kaya madalas dikitan ng mga politiko itong mga rural banks for some reasons dito nila nilalagay yung DIRTY MONEY (Money Laundering) gamit ang mga dummies na may- ari ng banko?   sana hindi naman ganun, kundi malaking kasiraan sa banking industry as a whole.