1 MILLION: how/where to earn biggest annual interest?

[angel_lee]

i know there is an existing thread here - "what would i do with P1 million"

pero my case naman is kinda different kaya i tried making a new thread, baka lang may makapag-share ng very helpful inputs.. TIA in advance 

i already know what i want to do w/ my 1 million pesos.. ang exact na gusto ko - kumita ng interest monthly o every 6mos o kahit yearly ang lock-in period, basta hindi maga-galaw at siguradong hindi maba-bawasan yung 1M ko.. sa tingin nyo, saan kayang bonds o time deposits, o mutual funds ang pinaka OK.. at anong banko rin?

may napag-tanungan na akong 1 bangko.. sa kanila, pwedeng 1 month lock-in period, renewable every month.. ang total interest ng 1 million every month ay approximately 2,800 pesos.. in 1 whole year, mga 33k ++ okay na ba yun?

[juicy]

sis try PS Bank.. i think mas mataas ang rates nila

Chinabank also offers high interest rate pero sabi ng hubby ko mas mataas ang PS Bank so ililipat nya dun ang TD nya pagkamature nung nasa chinabank nya

[betty]

why not invest in property na you can rent out? mas mataas ang kito dito compared sa bank. yun nga lang hindi liquid ang pera mo.

[showermist]

^hi TS,

if you think you're comfortable with what you're 1M is earning you or will earn you annually, great   you have YOUR MONEY WORKING FOR YOU.

that is a passive income

way to go, girl!

[aquacharly]

Sterling Bank offers good rates, specially if you will lock your funds for over 2 months.

The no brainer best interest is given by PSSLAI or AFPSLAI -- but that is available only for PNP and military personnel and their dependents.  So if either 1 of your parents, or your husband? works for the PNP or the military -- sitting pretty ka with your P1Mio in either place. NET interest at PSSLAI is now at 18% p.a. payable every 6 months for the capital contributions (they call it such); and does not go below NET 6% for the savings accounts. 

[showermist]

^OMG, that is a very very big opportunity to those people na ang magulang /asawa e nasa PSSLAI/AFPSLAI.  sana maisip nila na they can actually earn big here.  i am sooo jealous!

[betty]

i don't know if yung 50 million fund na nawawala eh sa afpslai or sa afp lang na budget

[aquacharly]

APSLAI is well managed -- panahon pa ng lolo ko, ayos na. 
Ang ibang racket like that of Ramiscal and others, have gone belly up.  But AFSLAI and PSSLAI have not gone into dubious investments... these just lend out to current personnel so bad debts are low... kahit pano, may kabig from terminal pay, death benefits, etc. etc.   

Yung nawawala, not money of AFPSLAI but from different units of the Army, Navy, Airforce... whose funds are skimmed off and sent of to the Chif of Staff.    hay buhay. 

SHOWERMIST, to clarify:
IF a parent/spouse is a permanent employee of the PNP -- yan, puede participate sa PSSLAI.  If in the military -- yan, sa AFPSLAI naman. 

How do these make money?  They lend out nga via loans to permanent employees.   Kung 16% NET ang return on your capital contribution  --  pwes the loan rate is 22% collected through salary deductions.   

[betty]

sis is there a period only on how long you want your money invested. hehe nabuhayan ako pulis pala kapatid ko

[showermist]

SHOWERMIST, to clarify:
IF a parent/spouse is a permanent employee of the PNP -- yan, puede participate sa PSSLAI.  If in the military -- yan, sa AFPSLAI naman. 

How do these make money?  They lend out nga via loans to permanent employees.   Kung 16% NET ang return on your capital contribution  --  pwes the loan rate is 22% collected through salary deductions.

 lols. gotta earn from those money, eh. 6%, wooo!

[yang]

@aquacharly: hi sis would you now how AFPSLAI compute for the interest? tia.

[yelloworange]

pano kaya sis pag bayaw mo lang ang pulis? pwede din ba?

[cassiopeia]

i know there is an existing thread here - "what would i do with P1 million"

pero my case naman is kinda different kaya i tried making a new thread, baka lang may makapag-share ng very helpful inputs.. TIA in advance 

i already know what i want to do w/ my 1 million pesos.. ang exact na gusto ko - kumita ng interest monthly o every 6mos o kahit yearly ang lock-in period, basta hindi maga-galaw at siguradong hindi maba-bawasan yung 1M ko.. sa tingin nyo, saan kayang bonds o time deposits, o mutual funds ang pinaka OK.. at anong banko rin?

may napag-tanungan na akong 1 bangko.. sa kanila, pwedeng 1 month lock-in period, renewable every month.. ang total interest ng 1 million every month ay approximately 2,800 pesos.. in 1 whole year, mga 33k ++ okay na ba yun?

ako sis i suggest you invest in variable, magandang investment to grow your money in long term

[raldaba]

If you don't need the 1 million just place it sa SDA ng bank.

[aquacharly]

You have to be a spouse or child of a PNP  employee

There are  2 ways to earn - through Capital Contribution and/ or Savings.
you can  go in and out with your  funds, but of course your interest will be computed accordingly.

With AFPSLAI   let me give you an actual example - 1mio for the period Oct 1 2010 to Dec 31 2010 but the check was released Jan 25 2011 (so it is for over a quarter period) -  NET 42,500.  AFPSLAI releases every quarter - while PSSLAI  pays out every 6 months

[kjersti]

joining sis 

[kjersti]

i know there is an existing thread here - "what would i do with P1 million"

pero my case naman is kinda different kaya i tried making a new thread, baka lang may makapag-share ng very helpful inputs.. TIA in advance 

i already know what i want to do w/ my 1 million pesos.. ang exact na gusto ko - kumita ng interest monthly o every 6mos o kahit yearly ang lock-in period, basta hindi maga-galaw at siguradong hindi maba-bawasan yung 1M ko.. sa tingin nyo, saan kayang bonds o time deposits, o mutual funds ang pinaka OK.. at anong banko rin?

may napag-tanungan na akong 1 bangko.. sa kanila, pwedeng 1 month lock-in period, renewable every month.. ang total interest ng 1 million every month ay approximately 2,800 pesos.. in 1 whole year, mga 33k ++ okay na ba yun?

hi sis! if you want to put your money in mutual funds, i can help you

[aquacharly]

30day SDA at banks  now hover around Net 3%

[grace08]

sis sa ppslai 100k lang pwede add per quarter inclusive of interest pag lagpas na dun transfer na nila sa savings and ang limit is 1million for dependents ito.  pero sa mga pricipal 150k per qtr and 3mil ang limit. 

sa afpslai naman 30k lang ang pwede iplace per qtr.  and di ka yata pwede gawing dependent ng bro mo.  ang alam ko wife and children lang

[enjoylife]

very risky hindi insured ng pdic ang money invested sa PPSLAI at AFPSLAI dapat spare money mo lang yung 1M