EastWest introduces 5-Year Floating Interest Rate Time Deposit

EastWest Bank expands its term deposit offerings with the launch of EastWest 5-Year Floating Interest Rate Time Deposit, a long-term deposit instrument with quarterly interest repricing.  Unlike with regular time deposits with fixed interest rate and interest earnings paid at maturity, depositors could benefit from rate upswings and quarterly crediting of interest earnings with EastWest’s new TD product.

A depositor parking funds in a plain vanilla time deposit account will earn a fixed rate throughout the duration of the term.  With EastWest 5-Year Floating Interest Rate Time Deposit, interest is repriced quarterly based on the one-month weighted average accepted yield of the Term Deposit Auction Facility of the Bangko Sentral ng Pilipinas; as such, interest earnings will be higher if the applicable interest rate for the next quarter goes up, and vice versa.  And if the deposit is maintained to full term, this 5-Year TD product is exempted from withholding tax. In case of pre-termination, a new interest rate per quarter will be applied retroactively to the principal amount according to the number of years the account has been maintained, and will be subject to applicable charges.

The product suits long term investors who prefer getting their interest income regularly for the things that they need to spend for now, while keeping their principal intact for future use.  Interest earnings are paid-out quarterly to the depositor’s EastWest checking or savings account so there is regular income stream.

A P5-million placement, for example, will be paid upwards of P30,000 in quarterly interest earnings at current rates, which the depositor can already enjoy on the first quarter of the five-year term.

EastWest 5-Year Floating Interest Rate Time Deposit is available at all EastWest stores.  Minimum placement is P100,000.  For more details, visit www.eastwestbanker.com.

INVEST NOW WITH THE SUN LIFE PROSPERITY CARD

One of today’s most in-demand celebrities, Matteo Guidicelli, is featured in the latest television commercial of Sun Life Asset Management Company, Inc. (SLAMCI) And get this: there’s not just one, but two Matteos going up against each other.

The TVC shows two Matteos with strikingly opposite tactics: one tries to impress by bragging his material possessions, including a new phone and a credit card, while the other woos her by promising a brighter future together with the help of the Sun Life Prosperity Card.   

The Sun Life Prosperity Card is an investment card worth P5,000 which may be invested in any of the peso-denominated mutual funds managed by SLAMCI under its Sun Life Prosperity Funds. The first of its kind in the market, it has revolutionized mutual funds investing in the country.

“We wanted SLAMCI’s new TVC to encourage the audience to begin their investing journey with the Sun Life Prosperity Card because it’s an easy and convenient way to start building one’s brighter future,” explained SLAMCI president Valerie Pama. “By investing in mutual funds, one can make his money work harder for him, as against simply leaving all of it in the bank.”

To illustrate this point, Pama shared that a 91-day time deposit in a bank 10 years ago would have given 28% return; but for the same period, the Sun Life Prosperity Bond Fund grew by 66%, while the money invested in the Sun Life Prosperity Balanced Fund would have earned 155%. Meanwhile, an investment in the Sun Life Prosperity Philippine Equity Fund gained 221%.

“This is exactly why we want Filipinos, especially the youth, to start investing some of their money in mutual funds,” Pama said. “Instead of using up all of one’s money on trendy items that will soon be replaced by a new fad, why not invest it for the long term and watch it grow? The two Matteos in our TVC certainly highlighted that message in fun yet clear manner.”

For his part, Matteo said he had fun portraying two different personas. “It’s the first time I did such a project, and I definitely enjoyed playing both roles,” he said. “But what’s important is that we were able to bring home the message. It’s fun to have nice material things and be on YOLO mode, but what will happen to you if all your money runs out and you have nothing saved for the long-term?”

And if there’s one thing that Matteo knows, it’s that some things are definitely worth the wait. “Whether I’m doing sports or working on a showbiz project, I know that I need to be patient before I could see the results. Training for a competition takes time, and so does shooting a movie or recording an album. It’s the same thing when you invest your money – you have to grow it long-term before you can enjoy the benefits,” he explained. “You may have to wait a bit, but it’s always, always worth it!”

Catch SLAMCI’s latest TVC featuring Matteo Guidicelli on cable TV. To learn more about the Sun Life Prosperity Card and how you can start investing for a brighter future, visit sunlifeprosperity.com.ph.

Matteo-bago-celli or Matteo-good-in-money? You choose.

The latest television commercial of Sun Life Asset Management Company, Inc. (SLAMCI) featuring Matteo Guidicelli showing the two Matteos going against each other.

The TVC shows two Matteos with striking opposite tactics: one tries to impress by bragging his material possessions, including a new phone and a credit card, while the other woos her by promising a brighter future together with the help of the Sun Life Prosperity Card.

It’s very awakening specially for millennial like me that usually buy-in with new gadgets, spending money left and right like there is no tomorrow using credit card. I think by the help of Sun Life a lot of millennial like me will be guided on how we will invest our money properly.

It is very intimidating to hear a person dealing with stocks, mutual funds and other form of investment when you have little knowledge about it. Worry no more, as Sun Life introduced their new product the “Sun Life Prosperity Card.”

The Sun Life Prosperity Card is an investment card worth P5000, which may be invested in any of the peso-denominated mutual funds managed by SLAMCI under its Sun Life Prosperity Funds.

“…it’s fun to have nice material things and be on YOLO mode, BUT what will happen to you if all your money runs out and you have nothing saved for the long-term?” said Matteo.

Catch SLAMCI’s latest TVC featuring Matteo Guidicelli on cable TV. To learn more about the Sun Life Prosperity Card and how you can start investing for a brighter future, visit sunlifeprosperity.com.ph

Whopping rewards for EastWest UITF investors

Investors looking for a good investment option can have their fill of potentially higher returns and whopping rewards in the Unit Investment Trust Fund (UITF) promo of East West Banking Corporation (EastWest).

From May 15 to August 15, 2016, EastWest is giving away free Burger King gift certificates as a welcome treat to customers who invest in any EastWest UITF product.  The minimum placement is only Php10,000. The bank is also rewarding investors who make additional contributions within the promo period. The higher the investment, the more Burger King GCs clients will receive.

UITFs are investment products wherein money from investors are pooled together and invested in various types of securities, with the aim of maximizing returns within reasonable risk levels.

Regulated by the Bangko Sentral ng Pilipinas, UITFs are good investment alternatives because for a small investment amount, anyone can access investments that are usually just available to big investors. The regular investors also benefit from the expertise of professional fund managers who take care of the UITFs.

EastWest offers six UITFs to suit different investor needs and risk profiles: EastWest Peso Money Market Fund, EastWest Peso Intermediate Term Bond Fund, EastWest Peso Long Term Bond Fund, EastWest PSEi Tracker Fund, EastWest PhilEquity Feeder Fund, and for investors looking for a US Dollar-denominated fund, EastWest Dollar Intermediate Term Bond Fund.  The minimum placement for the peso-denominated funds is Php10,000, except for EastWest Peso Long-Term Fund, which is P50,000.  For the EastWest Dollar Intermediate Bond Fund, investors can place a minimum of US$2,000.

The promo is open to all new and existing EastWest customers. Clients can invest as little as Php10,000, or add to their existing UITF investments at any EastWest store nationwide to get free Burger King GCs. Visit www.eastwestbanker.com or any EastWest store for more details.