LBC bank is one of the banks that offers high interest rate for a 5YR TD. Learned about it from PinayandMoney Blog. Hubby and I inquired last Friday and there was a slight change. The interest rate for the TAX Free 5Y TD was lowered from 9% to 8%. This is still acceptable because currently most banks offers TD with interest rate ranging from 1.5% to max of 6% (PSBank).We just hope that they will not lower it more because hubby and I are planning to increase our savings in this bank.
1 comment:
Just want to add, if you prefer less than 5 yr TDs, might want to check at Chinabank...
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