CD Interest Rates in the Philippines lend competitive yields. The rates are improving amidst declining inflation and bank interest rates.
Coincidentally, there are manifestations of high interest savings account among most Philippine big, robust banks. The best CD rates are mostly fused with these banks.
If you deal with a top bank, you’re safe. Then this bank machine will render those real inspiring balances at maturity.
Don’t forget to compute the difference between interest rate and inflation rate. That difference is called real interest rate. It indicates whether your money could increase its purchasing power or not.
A positive difference means increased purchasing power.
A real interest rate usually goes with longer and/or larger deposits. Then great percentage yield ensues, it pours heavy, and you will declare…
Great Percentage Yield Pours
During the 1956-1980 interval, the average 1-Year CD was 10.71%. The average inflation rate was 14.49, turning a negative 3.78% real interest rate.
In 1981-87, 1-Year CD rates averaged 17.22%. Average inflation rate was 15.54%, turning a positive 1.68% real interest rate.
In 1990-97, 1-Year CD rates slightly dipped to 16%. The 1997 Asian crisis aggravated it... rates plunged to 12.7%. Fortunately, inflation hovered at 10.2%.
With an inflation rate of 2.8%, 1-Year CD interest rates fetch 2.75 - 3.75% in 2012. Here’s a list of the best rates for the year…
My 1-year choice for now is…
A Good 1-Year CD Bet
Interestingly, the prevailing CD interest rates for 5-Year CDs and up hovers at 5.8 – 6.5%.
My 5-year choice for now is…
A Good 5-Year CD Bet
Now, don’t get me wrong. The next time you talk to your bank manager, just politely tell her ‘take my money’ now. Don’t do how this guy barks…
Do Not Be So Rude
Want to get the best CD rates? Here are some basic tips...
CD interest rates in the
Philippines are competitive. With waning inflation rate that has already
reached 2.8% in 2012, the signs are encouraging. Real CD interest rates could
play in the 2% region. Thus…
I can only say… JUMP IN.
See your bank now.
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