Deposit Interest Rates Are Rising

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Mr Lee
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What banks do you find offer the best rates? and what are those rates? I have found that BPI Savings bank offered some pretty good rates, but I have no checked them since leaving for the US in May.MANILA, Philippines — The banking industry’s deposit interest rates are increasing, triggering a shift of depositors from savings deposit to time deposit in the hope of preserving personal finances amid volatile global and local markets

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FlyAway
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I know BPI will automatically take tax withholding's from any interest you earn. 20% is what they with hold now. In the regular savings account we got 78.63 peso in interest and they immediately deducted 15.73 peso Tax with held. Just waiting to see what happens when the time deposit matures.

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