East West Bank.. What can you say?

[kihtmaine]

Hi guys what can you say about this bank.

Ok ba ang terms nila sa auto loan.

Thanks

[kagalingan]

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

[17Sphynx17]

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

I think you misunderstood that.

This is a known bank and not some shady AF bank. You can easily check their offers, if any.

I don't think any legit bank offers such a 5% interest rate per month for savings, be it gross or net.

Most likely, you might be referring to Time Deposit Offers, but misunderstood the annual rate to be a monthly rate.

Better straighten out the details, and just contact East West bank properly rather than rely on second hand info.

[kagalingan]

tinawagan ko ngayon no customer service holiday. Naintriga kasi ako kasi sikat na bank tapos 5%. Tawagan ko bukas.

[SoleusBB]

Dati, most banks had something called "SA" which gave higher rates of interest than yung usual time deposit (hindi yung 5 year time deposit ha). Ni stop na ng Central Bank, so at the time, banks started pushing "investment accounts" - whether bond, equities or mixed ang base.

Problem is, hindi siya deposit account, uninsured siya ng PDIC (well, at least you'll get 500k, rather than nothing back), and gains are like playing the stockmarket- valuation can go up or down eh. Sugal din yun.

===
One rotten thing about bank savings... over time, inflation will just eat away at your investment.

1M pesos in 1980 was significant. Nowadays, 1M pesos more or less, is just someone's econobox car.

You loan the bank money, and they pay you a pittance in interest. Loan money from the bank... and rates can be 17% pa minsan. Even credit card rates are somewhere around 3.5%...

[dr. d]

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

5 % monthly interest is "too good to be true".
5 % per annum is more like it.

[kagalingan]

tama doc nakausap ko ulit per annum pala. Masyado lang ako ginanahan.

[dr. d]

tama doc nakausap ko ulit per annum pala. Masyado lang ako ginanahan.

aba eh, kung 5 % monthly yan, eh mag-kitakits lahat tayong tsikoteers jan sa east west.

[_Cathy_]

aba eh, kung 5 % monthly yan, eh mag-kitakits lahat tayong tsikoteers jan sa east west.

Mauna na ko hahaha

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[_Cathy_]

5% per annum is good enough. Hmm. Kaya lang no east west across my work or home

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