MANILA, Philippines The yield of seven-day term deposits
eased for the sixth straight week, falling below three percent since June as banks continued to swarm the weekly term deposit
auction facility (TDF).
On October 20, 2016, the Federal Reserve will conduct a floating-rate offering of term deposits
with an early withdrawal feature through its TDF.
The Bangko Sentral ng Pilipinas (BSP) has jacked up to P70 billion the total volume of term deposits
to be offered in August, as banks once again swamped the fully awarded auction Wednesday.
Profit rates on PLS Term Deposits
one month remained 4.
Additionally, the remaining 88% of the deposits that were blocked will be converted into three equal new fixed term deposits
with a term of 6,9 and 12 months respectively within Bank of Cyprus with a higher interest rate.
Lawrence Agcaoili (The Philippine Star) - January 11, 2018 - 12:00am MANILA, Philippines The yield of the seven-day term deposits
eased anew as liquidity continues to return to the financial system after the Christmas season.
The report reveals that consumer outcomes on rollovers of term deposits
have improved by billions of dollars.
MANILA, Philippines Intitutional investors flocked the auction for the seven-day term deposits
yesterday, prompting the Bangko Sentral ng Pilipinas (BSP) to consider restoring the 28-day paper as soon as the liquidity level in the financial system normalizes after the Christmas season.
The Kolkata-headquartered United Bank of India has announced that the entity has enlarged its rates on domestic term deposits
for less than Rs 5 crore by 25 basis points (0.
MANILA, Philippines Banks swarmed yesterday the term deposit
auction facility (TDF) as the Bangko Sentral ng Pilipinas (BSP) continued to offer only short-dated term deposits
due to the holiday season.
On Wednesday, the State Bank of India (SBI) has announced that it has decided to hack interest rates on term deposits
MANILA, Philippines The yield of the seven-day term deposits
slipped yesterday as the Bangko Sentral ng Pilipinas (BSP) decided to drop the offering of the longer-dated instrument due to tight market conditions.