The ADDvantage Time Deposit is a fixed interest TAX FREE 5 year time deposit. People can avail this product for a small deposit of P50,000. This product is a great alternative from mutual funds or trust funds.
Product features taken from their website.
|Benefits:||Net of interest for individual client and waived documentary stamp tax upon maturity|
|Balance to EarnInterest:||P50,000|
|Interest Earned Paid:||Individual - 5% net|
Corporate - 5% gross
For further details visit: http://www.maybank2u.com.ph/
update as of May 5, 2013, the interest for this went down to just 3.5% p.a.. FYI>ReplyDelete
Thanks for the update Honey Ganda.ReplyDelete