Where To Park Your Cash In 2009
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Ever since I realized that Cash is King, I have always wondered where to park my cash savings to make it grow somehow. Savings interest rates are so low already and guess what, the big banks lowered them even more. Would you be enticed to keep your cash in a savings account that earns 0.5% per annum? WTF? Only five pesos for every thousand! My goodness!
This is why I have been googling around lately to find the best interest rates to help me build and grow my emergency fund. I found some sweet deals and I made an initial list below for everyone’s reference. This list shall be updated as necessary. Also, to make it more convenient, I will include the minimum required investment for each product. Please let me know if there are other notable investments I missed out.
| Name | Investment Type | Minimum Investment | Nominal Rate of Return | Duration |
BPI Direct Time Deposit |
CD (time deposit) | Php1,000 | 3.25% p.a. | 91 days |
| LBC Bank Royal Earner | CD (time deposit) | Php10,000 | 7.75% p.a. | 2 years |
PS Bank 5-year Time Deposit |
CD (time deposit) | Php50,000 | 5.00% p.a. | 5 years |
| ACPA (Ayala Corporation Preferred Class “A” Shares) | Dividend-paying Stocks | ~Php500 per share (minimum 10 shares) | 8.88% p.a. | n/a |
| Globe Corporate Bonds | Bonds | Php100,000 | 7.5% | 3 years |
| Aboitiz Power Corporate Bonds | Bonds | Php100,000 | 8% | 5 years |
Since I am still in the stage of building and growing my emergency fund, I prefer to park my excess cash in short term CDs such as that of BPI Direct. Plus, it’s the most convenient option because I don’t have to leave the office to open an account. So, where would you park your cash this year?
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3 Comments on this post
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Harley said:
thanks for the post sir. have you inquired rates at Rural Bank of Makati in Buendia?
I think the multi-millionaires put their money in Gold though.
March 2nd, 2009 at 10:08 pm -
SoNn said:
Nope. I haven’t inquired yet. Didn’t they close before and just re-opened? I don’t know about the gold thingie but if I had the moolah, i’d invest on them too. Thanks for visiting again.
March 3rd, 2009 at 12:32 am
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