long-term time deposits with an interest rate of 7% and up

[babyanj]

really looking forward to doing this next time i come home to the Phils. gusto ko makapag-ipon ng matino eh

[ella_gurl]

Better ang mutual fund. I was able to research one where the minimum holdout to be free of charge is just 6mos. Plus they are investing in blue chip stocks which are performing really well in the stock market. Nagsisisi nga ako kasi I invested mine sa time deposit. This November pa lalabas. Whereas if I started investing in mutual fund, as of their latest NAVPS comparison, I could have easily earn 30% na. 

[babynadine]

how does the mutual fund works? by reading your posts here super naging interested ako.. mali ata na nilagay ko sa time deposit un money ko

[ella_gurl]

how does the mutual fund works? by reading your posts here super naging interested ako.. mali ata na nilagay ko sa time deposit un money ko

It's basically the same thing as a time deposit. Pero with the company I researched, 5k lang [textspeak!] initial. Most time deposits I know is dapat malaki yung initial amount to be deposited. Ang difference as far as I know is kapag sa bank kasi, insured siya ng PDIC. With mutual funds, since it's a private company, hindi. So ibig sabihin, pag na-bankrupt ang company, you'll get nothing. Pero kaya nga ako nag-research about the company background (connected siya sa Metrobank yata) and about na din sa mga stocks where they invest (which are actually the stocks I really wanted to buy, can't afford nga lang. huhuhu).

[cristal28]

^ sis anong MF company yung sinasabi mo? so far kasi philequity and sun life yung naresearch ko. parang mas okay jan sa naresearch mo eh. 

[rotap]

yung chinabank they are offering parang ganyan din ..what do you guys think about it...yungmga long term deposits?

[joris]

good day mga sis..parang na-curious din ako sa mutual fund na yan..ako naman mga sis sa rural bank sa aming province ako nagstart nag-time deposit ginawa ko 6months tenure para if ever kelangan ko siya for emergency..naka-dalawang renewal na ako..is this just reasonable 50,000 pesos for 6months at 6.5% annual interest?PDIC insured naman yung rural bank na yun..i need your advices mga sis kung hindi ba nakakatakot ang ginawa ko.thanks so much..

[ella_gurl]

Sorry for the haitus, my father-in-law-to-be died a week ago. 

Here's the link sis: www.fami.com.ph

You may check out the performances of all the mutual funds in the Philippines as well in here:
http://www.pinoymoneytalk.com/1st-half-2010-mutual-funds-philippines/

If you would need additional info, I have a direct contact number to their Dept. Head. Just PM or send me an email.

Note: Am just trying to help. I am not related at all to anyone working in the company and do not get any percentage whatsoever for doing this. I just have a lot of questions that 's why I was referred to the Dept Head.

[cristal28]

^sis my condolences. thank you for your reply ha. okay pala ang peformance ng fami so most likely sa kanila na lang ako. when i went to their website naguluhan lang ako on where to invest any way pm na kita for the contact details. thanks again sis.

[stormy]

Nagtanong ako kanina pagbukas ng bpi. Yung SDA nila nasa 2.8% 30 days (dispensa, long term deposit ang topic medyo related naman ). D ko pa kasi madesisyunan yung 1 project ko sa buhay  kaya ipapark ko sana muna yung pera. Mas ok kaya yung may monthly payout at monthly ka rin magdedecide if ire-renew mo or yung annual ang renewal tapos may monthly payout? Kaso d pa ako nakakapagresearch anong banko may ganito na offer.

Hindi option sa akin sa ngayon ang MF dahil sa iba ko kinukuha pinapasok ko dun. 4 to 5%/annum ok na sa akin, baka may maissuggest kayo na banks mga sis. Bukas PSBank pupuntahan ko. Yung RCBC iniimbitahan ako kaso d ko sila masyado gusto.

[_*q-tee*_]

Chinabank offers 5.25% monthly interest out and AUB offers 5.5% interest out monthly din.. both 5 yr placement

[miksha]

LBC bank in makati offers 7.75% for 5years. you have an option of getting the interest yearly or roll-over the interest with principal.

[cristal28]

^sis may minimum ba yun deposit sa lbc bank? parang interested ako jan ha.

[miksha]

i think ang pinakamababa is 5k. call and ask them

[Dacian]

nabasa ko lang from the other thread na ito yung banks na nagbibigay 7% up:

veterans bank
bank of makati
malayan bank


okay kaya sila?

[twenty5]

Better ang mutual fund. I was able to research one where the minimum holdout to be free of charge is just 6mos. Plus they are investing in blue chip stocks which are performing really well in the stock market. Nagsisisi nga ako kasi I invested mine sa time deposit. This November pa lalabas. Whereas if I started investing in mutual fund, as of their latest NAVPS comparison, I could have easily earn 30% na. 

Ive been reading a lot abotu mutual funds pero honestly Hindi ko taalaga maintindihan...

Ill nail it once more... hehe

[agape]

Minsan nakakatempt mag time deposit sa Thrift Banks, kaso nakakatakot din kasi ilan din yung mga nag bank holiday na. Goodluck sa pag claim sa PDIC.

[mxherr5]

Experienced going to PDIC twice, Banco Filipino and LBC Bank.
It was a relatively hassle free experience..
The only catch is, you need to go when you are scheduled..
Had to sacrifice my sleep since I was in the night shift but just
for that day and I got my check promptly thereafter.

[ikaela]

Time deposit rates in rural banks now are, on average, around 6-9%, less withholding tax. If you are interested but apprehensive, especially with all the rural banks being placed under receivership, you can just stick to the top rural banks: http://www.banksphilippines.com/2012/12/top-rural-banks-in-philippines-2012-by.html. Andyan ang Bank of Makati and One Network Bank, which are my own picks.

Also conform to the P500,000 per depositor PDIC insurance coverage so you can sleep at night. I experienced claiming from PDIC, too, for a Bulacan-based cooperative bank. Unfortunately, my own experience wasn't as smooth, but that was because I admit that we also did some hocus-pocus on our part (we had to "borrow" other family members' names so the entire deposit would be insured.)

Aside from rural banks, you can also try cooperatives. Some can provide up to 12-15% a year, tax free pa. But do your due diligence on cooperatives -- better yet, become a member yourself so you are really immersed in it.

I have money in these investments myself, but this money is only intended for parking and producing extra monthly income. If your goal is growth and gains -- and you won't be needing that money for a while -- direcho ka na sa mutual funds and UITFs that have also been suggested here.