AskBPI is offering 2 variants of Save-UP accounts..Has anyone tried opening the Save-UP with higher interest rates account??can anyone tell me how much should I deposit in order to open one?? or explain how this certain account works??
-I do have the other one though (save-up with Life Insurance)
Many Thanks!!
Tags: Save-Up
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Haven’t tried it (because I personally dont like it).
The only one i know with Save-Up has the (original?) one with life insurance. Which, as you probably know, works something like:
salary is credited to your payroll
a fixed amount of oyur choosing is automatically trasferred to save-up
it doesn’t earn interest (which is why i hate it; i have my own piggy bank at home, thank you), but you do get life insurance.
I beleive the new version (with interest) works the same way though. And neither requires an initial deposit,