Monday, October 27, 2008

Update on LBC Banks' Royal Earner Account Interest Rate (as of 10/24/08)

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:

ed said...

Just want to add, if you prefer less than 5 yr TDs, might want to check at Chinabank...