Comments on Roszain's Thoughts: SDA & Time Deposit

Hi Ros, may I inquire how is the performance of SD...

2011-11-10T13:55:00.202+08:00

Hi Ros, may I inquire how is the performance of SDA in BPI?

Thnx

@Rommel, thanks for your appreciation of this post...

2011-05-28T08:26:21.177+08:00

@Rommel, thanks for your appreciation of this post :)

@Anonymous, for SDA, the risk so far is none as long as Bangko Central is alive and kicking :)

what are the risk/s involved??

2011-05-25T01:17:15.156+08:00

what are the risk/s involved??

Hi, I thank you Ros for this info it keeps my worr...

2011-05-14T20:00:13.665+08:00

Hi, I thank you Ros for this info it keeps my worry free, im from baguio and recently invested in Bpi sda...

anonymous may i ask the principal deposit amoun...

2010-08-04T08:57:04.008+08:00

anonymous
may i ask the principal deposit amount is it safe in bpi-sda even though the rate changes say for example 100k investment

I have just invested in BPI SDA today, when they i...

2010-07-09T15:50:49.831+08:00

I have just invested in BPI SDA today, when they introduced to me this product the gross rate is at 4% plus something and the net interest is at 2.85685% at for every minimum investment of 100K. The maturity would only go for one month and it can be renewable so i don't think it would be risky to try it.

SDA is not tax-free. The difference of SDA with T...

2010-05-21T15:30:25.762+08:00

SDA is not tax-free. The difference of SDA with TD is that in SDA, they call it net interest rate meaning the withholding tax and trust fee are already deducted. However in TD, if they give the interest rate, it is still subject to withholding tax. Below is a sample computation. Note that the rates here are not current.

e.i.
Gross Rate: 6.1875%
Net of Withholding Tax: 4.95%
Trust Fee: 0.50%
Net Interest Rate: 4.45%
Days: 30

Interest = (100,000 x 4.45% x 30) / 360
= 370.83

Hi Ros. Just curious of what Jovanne Novalta`s pos...

2010-05-19T17:58:24.623+08:00

Hi Ros. Just curious of what Jovanne Novalta`s post. Does SDA really is tax-free? I was tolod by BPI that they`ll gonna charge me the trust fee and the tax for my investment. Pls. enlighten me with these. Thanks.

I'm just curious. IS it possible to have SDA ...

2010-04-22T09:19:01.259+08:00

I'm just curious.

IS it possible to have SDA in foreign currency or just PHP?

Thanks.

someone who wanted to save money

hi ros, i just opened an sda, thanks for this inf...

2009-10-27T12:31:43.708+08:00

hi ros, i just opened an sda, thanks for this informative post

You need to put more money on Citibank to get bett...

2009-07-22T12:17:05.234+08:00

You need to put more money on Citibank to get better result. I think its better to stick with BPI-SDA.

hi manuel, it looks to me that BPI-SDA is stable b...

2009-04-28T18:09:00.000+08:00

hi manuel, it looks to me that BPI-SDA is stable but like everybody else, the rate is going down but still better than TD.

since you wouldn't prefer to have all of your savings in 1 nest,you might want to try TD as well. You'll notice that some banks have higher interest rates for shorter tenure like 30 days.

Ours is in Chinabank, although the rate tremendously went down since we started but still doing okay. Also,I'm looking at PS Bank, but after a month, the rate went down again and it will only give me a difference of 0.25% compared to Chinabank. So for now, I'm just observing and keeping things in place.

hi, recently invested in sd-a as well @ 3.4% month...

2009-04-28T17:40:00.000+08:00

hi, recently invested in sd-a as well @ 3.4% monthly interest. is this safe as they say?planning to just let the cash lie there for awhile. how are ur investments doing? any alternatives?

I invested 100K in BPI SDA recently. This will giv...

2009-03-02T16:40:00.000+08:00

I invested 100K in BPI SDA recently. This will give me 300 pesos income per month. I have not found any better time deposit offering from any other bank. Check out my blog

http://www.jovanne1.blogspot.com)

Hello Lys, thanks for taking time to read this ent...

2009-02-18T12:21:00.000+08:00

Hello Lys, thanks for taking time to read this entry.
I am currently out of the country and still has no clue yet on what is the "better" way to invest. I am not really an expert on that. I only look for fixed-income short term investment like TD & SDA. I'll update this post once I've got more information.

Hello, first of all I would like to thank the owne...

2009-02-17T14:16:00.000+08:00

Hello, first of all I would like to thank the owner of this blog, it is very helpful.

Right now, what is the best and most value-for-your-money instrument offered by banks as of Feb 2009?

Thanks in advance!

I agree Jovanne. I am comparing them on net inter...

2009-02-13T06:59:00.000+08:00

I agree Jovanne. I am comparing them on net interest.

Bad news though... CBC's time deposit rate went down as much as 2%.

Hi everyone. Please take note that SDA proceeds ar...

2009-02-12T13:17:00.000+08:00

Hi everyone. Please take note that SDA proceeds are tax-free and are not subject to doc. stamps fees (I think). Let's consider this if we want to compare with time deposit rates.

As far as I know, CBC is not offering SDA. Yes, t...

2009-01-07T09:43:00.000+08:00

As far as I know, CBC is not offering SDA. Yes, the interest rate fluctuate monthly, it went down last December. If that continues, CBC time deposit will be a very close competitive and might be a good option since TD locks the interest rate and is unlikely to went down based from my observation.

Hi ros.. does chinabank offer SDA? what's the inte...

2009-01-06T21:17:00.000+08:00

Hi ros.. does chinabank offer SDA? what's the interest? I was scouting for banks earlier a nice investment and BPI offered me the SDA for 4.2% only. Does the interest fluctuate monthly? or is it gonna be fixed for like 4.2% for - let's say 5months - if i will not pull out my investment?

Hi! The interest is annualized same with time dep...

2008-12-28T19:31:00.000+08:00

Hi! The interest is annualized same with time deposit or regular savings interest rates that's why the computation includes dividing by 360.

Hi. Very curious here. You end up with 370 pesos a...

2008-12-27T00:07:00.000+08:00

Hi. Very curious here. You end up with 370 pesos a month? That's actually just 0.4% a month, right? I'm wondering why BPI calls it 4.45% NET interest... Would appreciate a response. More power.

Ask BPI for "BSP-SDA" which stands for Bangko Sent...

2008-11-28T14:57:00.000+08:00

Ask BPI for "BSP-SDA" which stands for Bangko Sentral ng Pilipinas - Special Deposit Account

Hi,

So the minimum investment is 100k for B...

2008-11-25T11:00:00.000+08:00

Hi,

So the minimum investment is 100k for BPI SDA? wahat would be the name of the product? Thanks

http://mytwentyfivecents.wordpress.com

hi giovanni, here is how it is computed for SDA. ...

2008-10-09T17:22:00.000+08:00

hi giovanni, here is how it is computed for SDA. Note that the Gross Rate and Trust Fee may vary each month.

e.i.
Gross Rate: 6.1875%
Net of Withholding Tax: 4.95%
Trust Fee: 0.50%
Net Interest Rate: 4.45%
Days: 30

Interest = (100,000 x 4.45% x 30) / 360
= 370.83

Comments on Roszain's Thoughts: SDA & Time Deposit

Hi Ros, may I inquire how is the performance of SD...

@Rommel, thanks for your appreciation of this post...

what are the risk/s involved??

Hi, I thank you Ros for this info it keeps my worr...

anonymous may i ask the principal deposit amoun...

I have just invested in BPI SDA today, when they i...

SDA is not tax-free. The difference of SDA with T...

Hi Ros. Just curious of what Jovanne Novalta`s pos...

I'm just curious. IS it possible to have SDA ...

hi ros, i just opened an sda, thanks for this inf...

You need to put more money on Citibank to get bett...

hi manuel, it looks to me that BPI-SDA is stable b...

hi, recently invested in sd-a as well @ 3.4% month...

I invested 100K in BPI SDA recently. This will giv...

Hello Lys, thanks for taking time to read this ent...

Hello, first of all I would like to thank the owne...

I agree Jovanne. I am comparing them on net inter...

Hi everyone. Please take note that SDA proceeds ar...

As far as I know, CBC is not offering SDA. Yes, t...

Hi ros.. does chinabank offer SDA? what's the inte...

Hi! The interest is annualized same with time dep...

Hi. Very curious here. You end up with 370 pesos a...

Ask BPI for "BSP-SDA" which stands for Bangko Sent...

Hi,So the minimum investment is 100k for B...

hi giovanni, here is how it is computed for SDA. ...

Hi,

So the minimum investment is 100k for B...