Topic: SDA or Special Deposit Account

[UnGraTefuL SchoLaR]

 


Here I am again...  Anybody tried this?  Investing in Special Deposit Accounts?

SDAs are short-term placements offered by the Bangko Sentral ng Pilipinas (BSP) to local banks. It is a mechanism used by the BSP to manage liquidity in the market. Since these placements are backed by the country’s central bank, SDAs are considered a safe and virtually risk-free investment. SDAs have short-term maturities, usually within a month.

Sana may feedback ng mga actual na nakapagtry...  Apreciated then ang mga theories and ideas shared...

[kinjikitatani]

pareho lang naman yan sa time deposit. siguro interest rate is 1% to 1.5% per annum. and its not risk free. although insured by pdic, ang insured amount is only up to P500k only