What is the best type of bank when it comes to time deposit? Rural banks or commercial banks?

For growth Rural banks has higher interest rate than commercial banks. In the Philippines there are banks that offers up to 20% interest rate per year which is much higher than commercial banks. I think those banks are Banco Paranaque %26amp; Dynamic Bank.





|||It doesn't really matter. Either is fine because regardless of where you deposit your cash, you are insured on up to 200,000 of your deposits. If the bank collapses, you don't lose any money regardless of what type of bank its placed in.