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.
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5 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
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