East West Bank.. What can you say?

**kihtmaine** · July 23rd, 2009 05:46 PM

Hi guys what can you say about this bank.

Ok ba ang terms nila sa auto loan.

Thanks

**kagalingan** · May 1st, 2019 12:59 PM

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

**17Sphynx17** · May 1st, 2019 01:20 PM

Originally Posted by kagalingan

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

I think you misunderstood that.

This is a known bank and not some shady AF bank. You can easily check their offers, if any.

I don't think any legit bank offers such a 5% interest rate per month for savings, be it gross or net.

Most likely, you might be referring to Time Deposit Offers, but misunderstood the annual rate to be a monthly rate.

Better straighten out the details, and just contact East West bank properly rather than rely on second hand info.

**kagalingan** · May 1st, 2019 01:47 PM

tinawagan ko ngayon no customer service holiday. Naintriga kasi ako kasi sikat na bank tapos 5%. Tawagan ko bukas.

**dr. d** · May 1st, 2019 01:57 PM

Originally Posted by kagalingan

may nagsabi sa akin 5% daw tubo dito savings every month tapos contakin ka sa kada buwan kung tuloy lang?

5 % monthly interest is "too good to be true".
5 % per annum is more like it.

**kagalingan** · May 1st, 2019 02:20 PM

tama doc nakausap ko ulit per annum pala. Masyado lang ako ginanahan.

**_Cathy_** · May 1st, 2019 02:25 PM

5% per annum is good enough. Hmm. Kaya lang no east west across my work or home

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**dr. d** · May 1st, 2019 02:28 PM

Originally Posted by kagalingan

tama doc nakausap ko ulit per annum pala. Masyado lang ako ginanahan.

aba eh, kung 5 % monthly yan, eh mag-kitakits lahat tayong tsikoteers jan sa east west.

**_Cathy_** · May 1st, 2019 02:29 PM

Originally Posted by dr. d

aba eh, kung 5 % monthly yan, eh mag-kitakits lahat tayong tsikoteers jan sa east west.

Mauna na ko hahaha

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**17Sphynx17** · May 1st, 2019 02:38 PM

Originally Posted by _Cathy_

5% per annum is good enough. Hmm. Kaya lang no east west across my work or home

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If I recall the ad correctly, you need to have a Time Deposit of around 2.5m php to have that TD rate (per the facebook ad I saw). I think gross rate was 5.5 as advertised. It is honestly too high an asking price.

For it to be "tax free" from the 20% withholding tax, you need to not take out the money for 5 years. Hehe!

It is standard with long term investment of at least 5 years to waive the withholding tax. This is not something special East West Bank will offer, other banks offer the same.

The rate though of 5.5% per annum gross with a 5 year holding period, not enticing when there are other options, also with banks that have shorter terms but with with holding tax.