Kuya Well's personal finance corner
In the past, paying your Pag-IBIG MP2 contributions using a debit card or via bank will cost you 1.75% in fees. Nowadays, more banks are making it easier for you to pay your Pag-IBIG MP2 contributions with a low convenience fee. In a previous post, I talked about how you can pay your Pag-IBIG MP2 … Read More “How to pay Pag-IBIG MP2 contribution using GoTyme” »
It was only a few days ago when Pag-IBIG unveiled the dividend rate for 2023. And now, the dividends are being credited to members’ accounts. Pag-IBIG has also posted the same info on their Facebook page. Take note that it may take some time for all accounts to reflect the dividends, so you might want … Read More “2023 Pag-IBIG MP2 Dividends are now being credited” »
CIMB is back at it again with their ladder-up interest rate promo, similar to that of Maya. For the latest promo, existing customers can get up to 15% interest per annum while new customers can get as high as 9% p.a. What’s the latest promo? For Existing Customers Note: other than the first bullet, the … Read More “CIMB’s Interest Rate Latest Update (March 2024)” »
Banks are now charging fees when cashing into GCash nowadays. Gone is the free “cash in” to GCash offered by some banks like BPI. Fret not, there are ways to cash into GCash without incurring any fees. How to cash into GCash without any fees? Option 1: Use banks that offer free transfers Yep, some … Read More “Cash into GCash for free” »
Pag-IBIG Fund has just announced the latest dividend rate for both Pag-IBIG Regular Savings and MP2. Compared to last year’s announcement, Pag-IBIG announced it a month earlier than expected. What are the dividend rates for Regular Savings and MP2? The dividend rate for the Regular Savings is at 6.55% per annum while MP2 sits at 7.05% per annum. How does it compare to … Read More “2023 Pag-IBIG Dividend Rates for Regular Savings and MP2 are out” »
When paying MP2 contributions, I always recommend doing it via the Virtual Pag-IBIG website. However, let’s admit that paying MP2 contributions via debit/credit card will cost you a 1.75% convenience fee. So that’s a bit costly if you’re going to put in a large amount. Hence, in one of my previous posts, I provided a … Read More “How to pay Pag-IBIG MP2 contribution through BPI” »
Starting March 1, 2024, the new interest rate is now pegged at 4% per annum from the previous 5%. Any other changes? Other than the change in the interest rate per annum, there are no other changes to GoTyme. They have retained their “no-cap” policy which means that no matter how much you deposit, you … Read More “GoTyme interest rate is no longer 5% per annum” »
The Philippine Securities and Exchange Commission has released an advisory that Binance doesn’t have the authority to sell or offer securities to the public in the Philippines. The advisory came out on November 28, 2023, but was issued to the public a day after. What does the advisory mean? The SEC requires Binance to register … Read More “Is Binance banned in the Philippines?” »
Though I recommend going through the Virtual Pag-IBIG website and selecting GCash as the payment processor, some don’t have an account with Virtual Pag-IBIG just yet. Hence, this post is to show you how you can pay your Pag-IBIG MP2 contributions directly through GCash instead. Steps on how to pay Pag-IBIG MP2 contribution via GCash … Read More “How to pay Pag-IBIG MP2 contribution via GCash” »
As discussed in a previous post, CIMB recently introduced its MaxSave Time Deposit accounts where you can earn as much as 7.5% interest per annum. Steps to create a CIMB MaxSave Time Deposit account Step 1: Ensure that you have an existing savings account with CIMB You should have at least any of the following … Read More “How to create a CIMB MaxSave Time Deposit account” »
