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:
Greetings!
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.
Thank you.
BPI Trade Team
Wednesday, April 29, 2009
2009 Goals - 1st Quarter Review
We're not able to review our goals for the previous month because of our busy life. Anyway, I allocated this evening for this review.
1.After giving birth, transfer part of USD savings from BDO regular savings to PS Bank or China Bank TD. - GOOD: DONE. Not in PS Bank or China Bank but in Asia Trust because they have the higher interest rate.
2. Current EF is at 25%. By the end of the year, it should be more than 50%. BAD : It is currently at 21%, we used some of them when I gave birth instead of using all of our USD. It is still a good move because USD/PHP rate now is higher.
3. Transfer part of our EF to either BPI Direct TD or China Bank TD (whichever have the higher interest). BAD: Pending. still scouting for the best instrument.
4. Invest in Mutual Fund (PAMI and/or Phil EQ). BAD: Backlogged because I haven't studied the details of it yet
5. Increase investments in Philippine Stock Market. BAD: Backlogged. No budget. No extra.
6. Renew our insurances. Moderate: I renew one of our insurances. Supposed to increase one of our VULs but we didn't pushed thru because of the market condition.
7. Get a HS and/or College Plan for our soon to arrive Baby or just increase our investments. Moderate: Backlogged. We haven't made up our mind if we'll get one because of the bad news that we're hearing on pre-need plan companies.
8. Keep our Company Stocks (Grants and ESPP) intact and wait for the up turn. GOOD: We're keeping them.
Our Score: not bad at all. We have 2 good, 4 bad and 2 moderate. We're still on the 1st half of the year. I am targeting to have a higher score by the end of the year. Wish me luck. Hehe.
1.After giving birth, transfer part of USD savings from BDO regular savings to PS Bank or China Bank TD. - GOOD: DONE. Not in PS Bank or China Bank but in Asia Trust because they have the higher interest rate.
2. Current EF is at 25%. By the end of the year, it should be more than 50%. BAD : It is currently at 21%, we used some of them when I gave birth instead of using all of our USD. It is still a good move because USD/PHP rate now is higher.
3. Transfer part of our EF to either BPI Direct TD or China Bank TD (whichever have the higher interest). BAD: Pending. still scouting for the best instrument.
4. Invest in Mutual Fund (PAMI and/or Phil EQ). BAD: Backlogged because I haven't studied the details of it yet
5. Increase investments in Philippine Stock Market. BAD: Backlogged. No budget. No extra.
6. Renew our insurances. Moderate: I renew one of our insurances. Supposed to increase one of our VULs but we didn't pushed thru because of the market condition.
7. Get a HS and/or College Plan for our soon to arrive Baby or just increase our investments. Moderate: Backlogged. We haven't made up our mind if we'll get one because of the bad news that we're hearing on pre-need plan companies.
8. Keep our Company Stocks (Grants and ESPP) intact and wait for the up turn. GOOD: We're keeping them.
Our Score: not bad at all. We have 2 good, 4 bad and 2 moderate. We're still on the 1st half of the year. I am targeting to have a higher score by the end of the year. Wish me luck. Hehe.
Perk $ Time Deposit of Asia Trust Bank
If you are looking for a bank where to can safe keep your USD for a while, I can recommend Asia Trust Bank. They have a product named Perk $ Time Deposit. I learned about it while googling for the best USD TD account in the Philippines. I remember that I saw it from a forum but can't remember the exact forum name.
Initially, I was comparing BDO, BPI, PS Bank and China Bank. And I was already considering PS Bank. But I changed my mind after seeing the rates of Asia Trust. However, the rates in their site is not updated.
Some infos I can share:
The interest is not compounded per quarter. But it is not bad after all. You'll still get 3% if you keep them for 90 days. This is the highest interest rate for USD TD that I have seen so far.
Initially, I was comparing BDO, BPI, PS Bank and China Bank. And I was already considering PS Bank. But I changed my mind after seeing the rates of Asia Trust. However, the rates in their site is not updated.
Some infos I can share:
Min Investment: $5K
Prevailing Rates as of 03/19/09 (Sorry, a little old now.):
90D = 3.00%
180D = 3.25%
270D = 3.50%
360D = 3.75%
Prevailing Rates as of 03/19/09 (Sorry, a little old now.):
90D = 3.00%
180D = 3.25%
270D = 3.50%
360D = 3.75%
The interest is not compounded per quarter. But it is not bad after all. You'll still get 3% if you keep them for 90 days. This is the highest interest rate for USD TD that I have seen so far.
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