Interest rates of Special Deposit Accounts (Feb. 9, 2009)
February 11, 2009
I scanned through yesterday’s copy of the Daily Tribune (Feb. 10, 2009) and saw a very helpful table, showing the interest rates of the different Special Deposit Accounts (SDA) offered by different banks.
For everyone’s reference, I will be posting this table on a weekly basis. Here’s the interest rates as of Feb. 9, 2009.
Entry Filed under: Banking, Savings. Tags: daily tribune, SDA, special deposit account.
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1. joan | February 17, 2009 at 2:32 pm
hi….im joan…i have some knowledge about the sda account offered by bpi…i think the one posted in the newspaer as of feb 9 is not the sda account that we are referring to….the rates that day was 3.65685 net of taxes and trustee’s fees…with BPI and BPIFB the minimum investment would be P100K, other banks offers P1M or P5M…this is not a deposit account the reason why it is not covered by PDIc but a risk free investment and any amount invested here (principal and interest) will be paid by Central Bank since all banks have it as pooled investment in CB…with BPI and BPIFB this has a cut off time of 11am and we have to wait for its maturity meaning no pretermination allowed…tenor of only a month(ranging 28 days to 35 days depending on CBs maturity date)…thanks for the time