Originally posted by Ms.U pag magta-time deposit ba ko do i have to open another bank acct. for that?
for ex. i'd go for a time deposit acct., pera ko is 2000 US, how much wld. it profit for a yr?
my acct. is at PNB.
Originally posted by PUGSLY
Used to work with PNB.
To compute interes for 1 month its:
PxRxT/360 x witholding tax
As of April 10, 2001 the FCD rate is 5%, for Peso it was 9.5%
Originally posted by jdelac80
Using that formula:
P is principal (the money you deposited)
R is rate (the per annum interest rate)
T is term (no. of days deposited)
If P is 100,000
R is 9.5%
T is 30 days
use .8 for the withholding tax factor of 20%
(100000 x .095 x 30 x .8) / 360 = 633.33 interest earned for the month
Plantersbank has pretty good interest rates and they seem stable enough. It's best to shop around for best rates though.
Originally posted by Lianne Ysabel
There are some other "products" that banks sell aside from time deposits that will give you a higher yield. However, your money is not insured with PDIC...meaning kapag bumagsak ang bangko, bye bye din sa pera mo. Higher yield, higher risk. But you can always get a good and stable bank.
I know banco de oro offers good rates for their dollar account. Meron silang tinatawag na SMDF whichi is different from their time deposits. Para siyang "stocks".
If you get the time, go to a bank, sit down with the personnel in-charge and you can learn a lot. Iba na siyempre kapag chummy kayo nung bank personnel. Special treatment ka pa!