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)” »
Just a few days after the announcement of the 2024 dividend rates for both MP2 and Regular savings, Pag-IBIG has announced that the dividends have been credited. And I can confirm that it is indeed true. How to check if MP2 dividends have been credited? Note: For Regular Savings, you can follow the same steps but … Read More “2024 MP2 Dividends have been credited” »
Pag-IBIG recently announced the 2024 dividend rates for both MP2 and Regular Savings. What are the dividend rates for Regular Savings and MP2? The dividend rates for 2024 are 6.6% for Regular Savings and 7.1% for MP2. How does it compare to 2023’s dividend rate? The 2024 dividend rate is higher by 0.05%. When will … Read More “2024 Pag-IBIG Dividend Rates for MP2 and Regular Savings” »
On November 6, Seabank implemented the new 4.25% p.a. interest rate, down by 0.25% from the previous 4.5% per annum. However, they tried to balance it by increasing the maximum deposit/balance to earn the 4.25% rate. What are the changes? Existing Features Blogger’s Corner This is a bummer for smaller investors since the interest rate … Read More “Seabank slashes interest rate – down to 4.25% per annum” »
CIMB just released their latest 25% p.a. (interest) year-end promo. Quick details about the promo How to get the 25% interest? As always, you need to complete a certain task or mission to earn up to 25% interest on your deposits or savings. Here’s the breakdown of how to achieve it: Sample scenarios on how … Read More “CIMB interest promo: 25% per annum” »
