Kuya Well's personal finance corner
If you’re looking for a low-risk, government-backed way to grow your money, you’ve probably heard of Pag‑IBIG MP2 and SSS WISP Plus. But which one fits your goals and budget better? Let’s break them down in simple terms para mas madali mong malaman kung alin ang mas bagay sa’yo. What Are They? Pag‑IBIG MP2 A … Read More “Pag‑IBIG MP2 vs. SSS WISP Plus: Which Voluntary Savings Plan Suits You?” »
Effective July 1, 2025, the Philippine government rolled out a flat 20% final withholding tax (FWT) on all interest income from bank deposits. Yes, kahit anong klase pa ’yan—regular savings, time deposits, or foreign currency accounts—basta may interest, may bawas na agad. As someone who’s trying to grow my ipon kahit pa-konti-konti, I knew I … Read More “20% Tax on Interest Income Philippines (2025): What Savers Need to Know” »
Kung gipit sa budget, may biglaang gastos, o gusto mong magdagdag puhunan para sa small biz mo—Pag-IBIG’s Multi-Purpose Loan (MPL) can help you breathe a little easier. And guess what? Starting May 16, 2025, Pag-IBIG made the MPL even more accessible and flexible. So kung dati ay hindi ka qualified, baka this time pasok ka … Read More “How to Apply for a Pag-IBIG Multi-Purpose Loan (MPL) – A Simple Guide for Every Juan” »
Heads-up, savers! SeaBank Philippines now offers a 4% per annum interest rate on savings balances up to ₱400,000, with daily crediting. Any excess beyond ₱400,000 will earn 3% per annum, still credited daily. SeaBank Savings Rate at a Glance Category Interest Rate Notes Balances ≤ ₱400k 4.00% p.a. Credited daily Balances > ₱400k 3.00% p.a. … Read More “SeaBank Savings Rate Now at 4% p.a.” »
If you’re planning to take out a loan from Pag-IBIG soon, here’s some good news: Pag-IBIG has raised the loanable amount for its Multi-Purpose Loan (MPL) program from 80% to 90% of your total savings. That means you can now borrow more without having to contribute more—definitely a helpful move for those who might need … Read More “Pag-IBIG Now Allows Members to Loan Up to 90% of Their Savings” »
Heads-up, savers! Starting March 1, 2025, GoTyme Bank officially set the Go Save interest rate to 3.5% per annum, credited monthly. The interest is subject to the standard 20% withholding tax. What changed? This change was confirmed in their app’s Help Center and official social media pages. How much interest can you expect? Interest is … Read More “UPDATE: GoTyme Go Save Interest Rate Now at 3.5% p.a. (Effective March 1, 2025)” »
