anong ok na savings bank?

**1D4LV** · July 29th, 2004 10:23 AM

Originally posted by gretzy
marvin, halos magka-age lang tayo, bat may pera ka at ako wala?

si mbt eh chinese, dami negosyo....
nihao mbt... :D

**RedHorse** · July 29th, 2004 10:33 AM

pasok ka sa stocks...

**the_wildthing** · July 29th, 2004 10:35 AM

What's your purpose?

- long term savings? 15-20 years? I'd go with equity-based mutual funds
- medium term savings? 5-15 years? I'd go with government bonds or bond-based mutual funds.
- short term savings? 1-5 years, yep, coops, rural banks, time deposits, money market funds, and the rest they mentioned above are ok. There's always a risk factor of the institution closing down or running away with your money, so always check the background.
- < 1 year, or something that you need to pull out for emergencies, only a regular savings account can be that liquid, and yes, you get 1-3% at most.

If you want to hear more about mutual funds from a reputable financial services institution, do PM me your land line and a good time to call you.

FrankDrebin · July 29th, 2004 11:11 AM

Hmmm..

ei guys anyone of you have deposited or planning to use AMA 5 or 6(?) double your money promo?

To mbt,
My wife and I uses BPI Family, BPI, Allied and PS Bank. Ok naman sila.

**badkuk** · July 29th, 2004 12:03 PM

Frank, research mo ng kaunti ung financial standing ng AMA group...hanggang jan lang po ang masasabi ko ;).

**syokoy** · July 29th, 2004 12:47 PM

I have read the comparison of interest rates as published in Buy and sell a month ago and AMA is offering the highest interest rate for time deposit in all brackets eg 100k to 500k and up. Not sure if they are a member of PDIC, if not, tagilid yata doon. If they are a member then maybe an investment of not more than 250k is ok. Di ba 250k na ngayon ang max covered by PDIC?

**jolog1** · July 29th, 2004 03:38 PM

mbt, kung small amount lang you should go for convenience. Go to your nearest bank na lang. 1% annual interest isn't worth walking across town for. Pick a bank that accepts Meralco, PLDT, cable TV, and Maynilad payment. It'll make your life easier.

If you are looking for time deposit, it's hard to beat Banco de Oro's Premium Growth Fund. It's 7.5% annual interest for 30 days, P100k ang minimum. The lower the deposit, the lower the interest rate.

If you have a lot of cash, I recommend you convert them to US dollars and put it in BDO's US dollar time deposit. You can get around 3.5% annual interest plus the peso devaluation which is around 6% per year. I think the term is also 30 days. China bank offers around 2%. I would go with BDO simply because they always have nice looking female employees.

You could also try Pag-ibig bonds. It's 8% annual interest, P5,000 minimum, 5 year term and no withholding tax. For every P5k bond, you get P200 back each year. This one is fully backed by Philippine government. All time deposit you get from banks aren't 100% guaranteed, only P250k per account name are guaranteed.

hmmm... that's all I can remember right now. Did I mention Banco de Oro's female employees are nice looking?

**Kicker15** · July 29th, 2004 03:45 PM

basta bpi pa din... hanggang ngayon stable pa din sila

**fierari** · July 29th, 2004 03:58 PM

BPI din ako ok yung yung mga online thingy nila pati bill payment

**usokpower** · July 29th, 2004 10:50 PM

yep savings nag kalat talaga ng lagim ng atm machines ang bpi sa ibat ibang lugar

savings ka muna tapos time deposit tapos treasury bills or bonds or trust marketing