I got this mail last week and I was happy about it. Now, we can use some of the amount use to maintain our account to buy more stocks. I t will not be wasted waiting for the 1.75% interest which is being compounded quarterly. My dumdum have more power.
Dear BPI Trade clients:
Please be informed that the monthly maintaining Average Daily Balance (ADB) of your BPITrade settlement account with BPI Direct Savings Bank has been lowered from P5,000 to P500.00. As a non-ATM deposit account, the BPITrade settlement account will earn interest as follows:
Interest Rates (per annum)
If daily balance is:
PhP 0 - 499 0.000% p.a.
PhP 500 and above 1.750% p.a.
Please visit the FAQs on the BPITrade website for more information.
BPI Trade Team