Minimum placements in Philippine financial instruments

I think there are savings with P3,000 minimum deposit :)

checking account 5k pesos minimum? rcbc? ..... i think most bank have 25k peso as minimum.... below that service fee is charged

I'm interested in sda & tbills/bonds, can u tell me which banks are offerings these investments & what are the rates & terms? thanks.

Check the minimum placements on the products from thrift or savings banks, they usually have lower requirements -- and offer higher interest rates :)

@nina - there are savings accounts that need P500 to open but usually you need to raise it to around P3000 (or much more) to earn interest (ex. BPI, Citi Savings, etc) :)

@lance - most of the bigger banks (top 10 in assets) like Metro, BDO, BPI, RCBC, LandBank, DBP, etc offer SDAs and tbills/bonds. I'm not so sure about the rates but as for the terms i think SDAs go for a month, tbills go up to a year, and treasury bonds for more than a year. Goodluck with the investments!

i think it might be a good idea to invest in tbills as the government just hiked its rates by 2%, but lets see what the banks will offer, hehe

thanks Salve for the informative post!

my old BPI atm account still has that P3k minimum balance.

ATM Savings account can be as low as P500
BPI Direct TD - minimum P1,000
First Metro Sec Online - no minimum investment

I wonder which UITF has a minimum of P5,000? Can anyone let me know?

BDO has 5k initial deposit for cjecking account =)

@carlos - thanks for the valuable info.

Hello,
I want to solicit ur opinion if it is a wise investment & profitable to invest in Dollar Bonds for 5 years rather than in high yielding government securities for 5 years also. Considering u have P100,000 where do u want to invest it that gives a higher returns after 5 years.
Thanks & more power. i am always reading ur articles.
Goodday!

50k for a stock brokerage account?

last year CitiSecOnline was only 25k

BPI sda bills have the term of 31 days, but "renewable" every after 31 days (or every month).

it has an indicative net yield of 4.45411% fixed per month, but may vary after end of every term. the minimum requirement to get sda bills is 100k, with a 10k increment should an investor wants to go over 100k.

seems like a good investment because it is safe.

Hi Salve, I've learned about SDA particularly from this post. Thank you so much!
I shared my story here: http://www.roszain.com/2008/09/sda-time-deposit.html

Thanks & more power to you!

RCBC ezTrade minimum initial investment is P25,000 for online stock trading

BPI, Metrobank and BDO offers SDA. Check out my blog. Thanks.

At Citibank, there is a savings account that gives 4.75% p.a.

No pre-termination fees, lock-in period and all the hassles of a time deposit or SDA.

You can withdraw and deposit anytime.

thanks! very helpful post!! like the template btw ;)

,000 Account with a stock brokerage firm: P50,000 (but I just learned that at least o tool bag factory,

checking account 5k pesos minimum? rcbc? ..... i think most bank have 25k peso as minimum.... below that service fee is charged
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I think there are savings with P3,000 minimum deposit.
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Are you looking for other ways of investing your excess funds that you prefer to be denominated in US dollars? You might want to consider investing some in ROPs. ROPs is the acronym for the medium to long-term bonds denominated in US$ that are directly issued by Republic of the Philippines.

Do you want further diversification of your US$ fixed income investment portfolio? You might be interested in US$ denominated Philippine Corporate Bonds.

You can buy all these Ginault Watches
from PNB.

You will enjoy high yields from these financial instruments with a minimum investment of US$ 25,000.

These pay you interest regularly until maturity until you sell the security back to us before it matures.