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How BPI can make good money with time deposits in BPI Family Savings Bank.

mdejess · 8 · 11267

mdejess

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At this very moment BPI Family Savings Bank, a subsidiary of BPI, pays 6.25% on five years time deposit and no withholding tax.

But BPI gives less, perhaps just a little over 4%.

Call up any BPIFSB and BPI to find out.

My question:

    Should or should not  BPI make good money with time deposits in BPI Family Savings Bank?



What do the experts say?




Mdejess



ManilaBoy40

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At this very moment BPI Family Savings Bank, a subsidiary of BPI, pays 6.25% on five years time deposit and no withholding tax.

But BPI gives less, perhaps just a little over 4%.

Call up any BPIFSB and BPI to find out.

My question:

    Should or should not  BPI make good money with time deposits in BPI Family Savings Bank?



What do the experts say?




Mdejess




    "I am not clear on what you are trying to ask here...I have 1M TD at BPI Family for 5 years at 6.5%, I guess BPI will make money by loaning out the funds to consumers who needs housing loans or car loans! Hope that answers your confusing question..."   :rolleyes:


pachira

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yeah they have different rates and different clientele.
bpif is like a savings bank so the interests are higher.
for bpi, even if they have lower interest rates, they may have loyal clients already who do not mind the difference especially for those with bpi branches more accessible to them.


Dodong_Pobre

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At this very moment BPI Family Savings Bank, a subsidiary of BPI, pays 6.25% on five years time deposit and no withholding tax.

But BPI gives less, perhaps just a little over 4%.

Call up any BPIFSB and BPI to find out.

My question:

    Should or should not  BPI make good money with time deposits in BPI Family Savings Bank?



What do the experts say?




Mdejess




As what I understand po, BPI Family Savings is a different Bank compare to BPI (Commercial) itself.. So they also have different products and services and also different range of client and different management.. yung BPIFS as a Savings Banks ay meron limited scope or I would say amount or type ng ng loans na pwede i-offer... Kasi ung license nila sa BSP ay for a Savings Bank na clasifications... So as an independent entity may sarili din syang libro na mini-maintain... In layman's term "Sariling Diskarte" nya kung pano sya mag operate... Common strategy na ng mga businesses na may smaller version para maka dominate ng wider market kc hindi rin sila pwede lumagpas beyond sa license na binigay ng BSP (e.g. PSBank ska Metrobank) or another example ung PAL ska Air Philippines...


mdejess

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"I am not clear on what you are trying to ask here...I have 1M TD at BPI Family for 5 years at 6.5%, I guess BPI will make money by loaning out the funds to consumers who needs housing loans or car loans! Hope that answers your confusing question...":rolleyes:


I thought that it must be at least five million pesos and for five years, and the rate is now 6.25%, no longer 6.5%.


When did you put one million pesos at BPI-FSB for 6.5% interest?




Mdejess

« Last Edit: Jul 30, 2012, 03:27 PM by FutureGizmo »


ManilaBoy40

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I thought that it must be at least five million pesos and for five years, and the rate is now 6.25%, no longer 6.5%.


When did you put one million pesos at BPI-FSB for 6.5% interest?




Mdejess




    "I opened my account back in 2008, BPI Family's Plan Ahead TD is for 5 years and the rate back then was 6.50%...It is now down to 5.75% as of april 21 based on their website, 100K is the minimum amount to open with monthly payouts..."  :thumbsup2


pachira

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grabe baba na no?



dabon

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I just like to ask kapag nag deposit ng pera sa bpima direct ba yun sa savings account?


 


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