Anong investments ang nag-co-compound na katulad ng time deposit? The truth is, a lot of paper assets like mutual funds and stocks don’t really compound, but if they did, the compounding rate would be higher than time deposits. When you see illustrations where these investments compound, they are using the concept of the compounded annual […]
Tags: banking, compounding, investing, time deposits
I want to transfer money from my BPI savings account to another BPI account that’s not under my name. I transfer funds to a lot of people, and they’re different every time, so I don’t want to enroll them. Is there are way to do this? Thanks. Answer: Yes, because BPI has a transfer to […]
Tags: bank, banking, BPI, money transfer, wire transfer
I’m talking about those people on the Forbes list among others. So let’s say Bill Gates — does he have a bank account that shows millions of dollars as its balance? So what’s the reality? Answer: First, the extremely wealthy will always have businesses, real estate, jewelry, art, investments, etc. which makes up the bulk […]
Tags: banking, Bill Gates, personal finance, ultrarich
Hi. I am a Filipino working in Australia and I want to open a bank account in the Philippines where I can deposit money directly. I will be working overseas for around two years more and there will be no time for me to go back in the country to open a savings account personally. […]
I am not yet in a pastdue account in credit card because I still pay minimum amounts but I want to know if it is possible to close my account and have like a compromise agreement with the bank at this point? Will I am going to have a bad credit record with that? I […]
Tags: agreement, card, compromise, credit, eastwest, hsbc, record
I just tried my first time-deposit savings at the start of this year knowing it will grow even how small the interest rate is. However, the interest rates for peso savings is going down. Are there any alternatives where to save the money and earn a little bit higher interests?
Tags: savings, time-deposit
If you have P1,000,000 in your savings account that you intend to use as downpayment for a residential lot in the next 6-10 months, what would you do with it? Leave it as it is or Look for Short term investment with higher return than the savings account? Lets assume that you can still save […]
Tags: investment
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