Monday, October 8, 2007

Chinabank Saving Opportunities

I just opened a normal ATM account in Chinabank two months ago. From my fellows, i learned that they have an online banking system which really works. There you can check your balances and pay bills. As i was surfing their website, I saw several saving opportunities that can earn savers like you and me higher interest rates.

You can check their website and click on savings. I am keen on opening a Diamond Savings which is just like time deposit but it's called another name. The interest rate is around 4% for 3 months but my mom, who is an accountant says that its per year.

Here is the chart from their website:

Diamond Savings

Get better value for your savings with the Diamond Savings Account - a special deposit account that earns interest comparable to investment rates.

Key Benefits

Initial Placement Requirement P 50,000
Amount in Peso Interest Rate
1 Month 2 Months 3 Months
50,000 – 199,999 3.500% 3.750% 4.000%
200,000 – 499,999 3.750% 4.000% 4.250%
500,000 – 999,999 4.000% 4.250% 4.500%
1 Million & Up 4.250% 4.500% 4.750%

(subject to 20% withholding tax)
Effective October 5, 2007

I am not really sure so I am going there with my mom sometime this week. This will be my first time to open such account and I hope this experience will shed some light on us soon.

1 comment: said...

Earn $1000 every day from YouTube Videos!

-->> YouTube Video Site Creator

EXPOSED - The Secrets Of Easy Money Making Video Sites!

Learn how to leverage on the power of
video to make yourself a solid profit today!

Click below to find out more:

-->> Money Making Video Site

-->> Mini Video Site

-->> Video Site Script

-->> Video Software

-->> Video Website

-->> Video Money

-->> Make Money Online

-->> Making Money online

-->> Make Money From Home