Published On Oct 5, 2024
Thee are so many digital banks now here in the Philippines offering very high interest rates for you to start banking with them through a basic savings account. With per annum interest rates starting at 3% and going up to 6.5%, these are more than a hundredfold increase from regular savings account offered by traditional banks! With these rates, these are already comparable to investments in Bond Funds so it got me thinking: are bond funds still relevant?
On this channel, we've talked mostly about equities and stock funds that are on the aggressive side. As a bonus, I'm also discussing the relevance of bond funds in my own personal portfolio and will let you know if I will continue to invest in them...
Lastly, I'm sharing the best offer available from another Philippine app that although is not a savings account, offers 8% interest per annum and credits this in a weekly basis.
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