Chinabank lowers interest rates anew (Jan. 13, 2009)
Earlier, I posted that Chinabank lowered its interest rates effective Jan. 6, 2009 (see related story). Now, Chinabank has lowered its interest rates again, effective Jan. 13, 2009.
This is the second time that Chinabank lowered its rates this year. Although the bank still offers higher interest rates compared to the traditional commercial banks like BPI, BDO and Metrobank, still, the decrease would be a little disappointing to its clients like me. Below is the current interest rates for the regular time deposit and for its Diamond Time Deposit: