From a print ad on a broadsheet:
6.0% Guaranteed*
- Minimum of Php50,000
- 5-year placement, tax-free
- Accessible monthly income
*Rate is per annum and subject to change without prior notice.
Manage your account online via PSBank Remote Banking. Open a time deposit now in any of 163 branches nationwide.
For more information text PSBANK PRIME <your name> <landline no.> <email address> then send to 391-772 for Smart or 0917-890-2327 for Globe and other networks or visit our website at www.psbank.com.ph
Finance books (Colayco, Bo Sanchez, Robert Kiyosaki) generally advise that Time Deposits are not a recommended mechanism for savings. That’s because the interest rate loses to the inflation rate.
We’re providing the info on PSBank’s Prime TimeDeposit as options for people — use this facility if it addresses your needs. Know the details of fees and taxes, and the Effective Interest Rate.
Popularity: 2% [?]
eOFW is not related in any way to the companies featured in our articles except otherwise specified. We feature different companies for the information of our readers to help them better find services that suit their needs.
No related posts.
8 users commented in " PSBank Prime Time Deposit "
Follow-up comment rss or Leave a Trackbackmas ok sa Planters Bank! they are offering 6.5%
i put some funds here too earlier this month so i know.
with about similar terms, these are the details from their website:
Plantersbank Premium Five
A five-year time deposit with a minimum placement of P50,000
Competitive interest rate of 6.5% (net) per annum
Interest is automatically credited monthly to your designated current or savings account
Up to 80% of deposit eligible as loan collateral
Free insurance up to P1 million**
Principal withdrawable anytime (subject to pre-termination rules)
Need more information?
Call the Plantersbank Hotline 884-7600 and 884-7800
Thanks for sharing that info, denggoy
hi guys,dont just see the how big the
interest is,look at the stability
of the bank…unless you have only
insured amount.
don
That’s a good tip, Don. Thanks!
What do you think of Landbank’s LTNCD?
ka edong
When choosing where to place your time deposit, do not just look at the interest rates but also the stability of the bank. If you are tempted to place it at a bank that’s offering a high interest rate then make sure you don’t place beyond the 250k minimum PDIC insured amount.
mikego’s last blog post..Franchising Frito Frio
pleae email me your complete and accurate email address for the remote banking asap. sorry but missed it was deleted by accident by my friend.
i will be waiting for ur reply thru my email ad given. thank you so much
@mikego
Hi. . does that mean i shouldn’t let the total amount in my account reach higher than the 250k insured amount?? say 500k?? there are a lot of known banks in the Philippines that offers attractive rates.. Is it a huge risk if the money reaches even up to 1 million in that case? (this amount is quiet big but its just for the purpose of this discussion)
Thanks. .
Leave A Reply