Tag Archive: interest rate
In my previous post, I discussed about benefits of investing money in time deposit over putting all of it in savings account. Time deposit is famous among Filipinos and among US citizens because I think it is one of the safest investments since it is insured by the government up to certain amount. Time deposit [...]
In the Philippines, a time deposit or also known as a term deposit is a money deposit in the bank that cannot be withdrawn for a certain “term” or period of time. When the term is over it can be withdrawn or it can be held for another term. Basically, the longer the term the [...]
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