Rizal Commercial Banking Corporation (RCBC)

RCBC issues P2 billion, 5.5-year LTNCD

If you’re looking for non-traditional investments that are relatively safe, you may check out LTNCD or Long-Term Negotiable Certificate of Deposit.

LTNCD is a bank product very similar to Time Deposits, except that they have longer maturity periods. While most Time Deposits mature in 1 month, 6 months, or 1 year, LTNCDs usually mature in at least 5 years.

One good thing about LTNCD is that investments up to P500,000 are covered by the Philippine Deposit Insurance Corp. (PDIC), which makes this option a relatively safe investment asset.

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