MANILA, Philippines - Bank of Commerce, one of the country’s top progressive banks, has rolled out a new time deposit product that offers interest rates at a premium compared to regular savings and time deposit accounts.
Dubbed Future Secure Time Deposit, the product affords investors various options to achieve a higher yield comparable to mutual funds.
Unlike other investment products which absorb risks related to market fluctuations, Future Secure Time Deposit is in a more secure position as it provides a fixed interest and the principal is intact. Furthermore, it is insured of up to P500,000 only by the Philippine Deposit Insurance Corporation (PDIC).
The product is aimed at depositors looking for peace of mind and security when it comes to placing their money in a long-term investment, as well as in providing a steady cash flow having a fixed interest credited quarterly to a settlement account.
For a minimum of P50,000, depositors can choose to invest for three (3) years or five (5) years.
The Future Secure Time Deposit is ideal for saving up for retirement, travel, vacation, school tuition, down payment on a car or property, or diversifying one’s investment portfolio to include low-risk, high-yield investments.
For more details, visit the nearest Bank of Commerce branch or check out our website www.bankcom.com.ph