Rural Bank of Makati – My new bank

Finally, I have a little amount to invest after working so hard for so many years. I will not say how many years you might guess my age. 

Where will I put my money? In stocks, mutual fund, treasury bonds or time deposits. The other options require extensive understanding on how it works to safeguard my money. Thus I opted to choose time deposits. Time deposit is quite safe as it is covered by PDIC insurance up to PhP 500,000.

The next question would be where should I open a time deposit account? I research the Internet and found many choices. One of the choices is Rural Bank of Paranaque, which is owned by the notorious Legacy Group. The said bank then offers a very high interest, too good to be true. I learned through readings that if an investment promised a return that is too good to be true, chances are they are really too good to be true. It’s a good thing that I’m cautious and was not taken over by greediness.

I continue to research the Internet and come across Rural Bank of Makati. They offer a relatively higher interest than the others of 10% non taxable for five years. Regular interest will be applied should I opted to withdraw before five years. Rural Bank of Makati is stable based on my internet research. I open a time deposit almost two years ago and so far so good. The returns might be lower than stock market but my money is safe. I need not track the stock market all the time. I continue to check on the bank from time to time for my peace of mind that the bank is still operational.

[Moneypoor]

Let us share info to safeguard our money. We can no longer trust Banks.

[morleebill]

I hope Sun_set comes back here for a look, I was trying to find a way to contact him in regards to how he has found things with the Bank of Makati, all good I hope

[raftmeup]

I once used RCBC as my bank..when I tried to cancel my credit card..they sent me a letter telling me that they raised my credit limit. What a great way to tell their customers "we find ways...to make you loan"..

[casi2x]

Bank of Makati is an stable bank, base on my research, coz bank of makati also owned motortrade no. dealer 1 of motorcycle,