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.
Features
Benefits: | Net of interest for individual client and waived documentary stamp tax upon maturity | |
Applicable For: | Individual | Commercial |
Yes | Yes | |
Balance Required: | P50,000 | |
Balance to EarnInterest: | P50,000 | |
Interest Earned Paid: | Individual - 5% net Corporate - 5% gross | |
Passbook/Record Book: | None | |
Cheque: | None | |
ATM Card: | None | |
Certificate: | Yes |
For further details visit: http://www.maybank2u.com.ph/
2 comments:
update as of May 5, 2013, the interest for this went down to just 3.5% p.a.. FYI>
Thanks for the update Honey Ganda.
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