What are some of the rates you can get through a time deposit through a bank in the Philippines?

I looked on the website of BPI and I saw that their time deposit paid over 6%. I thought this seemed kind of high though. Am I seeing things or can you really get a 6% rate on a time deposit?





http://www.bpi.com.ph/|||As per BPI website, they are giving 6% for existing accounts on Time Deposit repricing. If you are qualified depositor, good for you.





Personally BDO gives us 3.5% at 30 days maturity and PNB could not even beat that. Somehow BPI have a catch, it could be that BPI is in financial hiccups and needs to lure depositors and keep the old ones happy. BPI is a good and stable bank, but BDO is better.





Investing is confidence base, if you are confident that BPI can give the best interest for you money then by all means. Help the Philippines by investing your money in Philippine Banks. If you are cautious then do not deposit more than the deposit insurance, and spread it to different banks, of invest in the top performing banks.