PLANS OF ACTION

In order to achieve the desired amount of financial goal a person truly desires, one must be
able to utilize banks for their savings and offers. The person may also get into investments that
may boost their financial needs. The comparison between three different banks is made to have a
good judgement about choosing the best strategic decision. The following banks are compared
below, Bank of the Philippine Islands, Banco de Oro, China Bank.

I. Savings

A. Banco de Oro (BDO)

1. Regular Savings
Table 2.1 Rates for Regular Savings (BDO)

Passbook Savings
Minimum Initial Deposit Php 5,000
Minimum MADB Requirement Php 10,000
Minimum Balance to Earn Interest Php 10,000
Gross Interest Rate Per Annum 0.25%

2. Time Deposits
Table 2.2 Time Deposits ( BDO)

Product Minimum Terms of Pre- Withholding Tax

Name Initial Placement termination on interest
Placement earned
Peso Time Php 100,000 30, 60, 90, Subject to pre- 20%
Deposit 180, 360 Days termination
penalty
Premium Php 10,000 5 years Subject to pre- Tax exempted if
Flexi Earner termination placement is
penalty held until
maturity
 3. Money Market
Table 2.3 Money Market Fund (BDO)

Minimum Investment Php 100,000

Minimum Additional/ Maintaining Php 100,000
Participation
Minimum Holding Period NONE
Early Redemption Fee NONE
Management Fee 0.50% p.a.

B. Bank of the Philippine Islands

1. Regular Savings
Table 3.1 Rates for Regular Savings (Bank of the Philippine Islands)

BPI Passbook Savings Kaya Jumpstart Savings

Savings
Required Initial Deposit Php 10,000 Php 200 Php 100
Required Minimum Php 10,000 N.A Php 1000 ( Waived
Monthly ADB for one year)
Required Daily Balance Php 25,000 Php 1,000 Php 2,000
to Earn Interest
Interest Rate (Per 0.25% 0.25% 0.25%
Annum)

2. Time Deposits
Table 3.2 Time Deposits (Bank of the Philippine Islands)

Amount 35 days 63 days 91 days 182 days 364 days

1K to less
than 10K
10K to less
than 50K
50K to less 0.625% 0.625% 0.625% 0.875% 0.875%
than 500K
500K to less 0.625% 0.625% 0.625% 0.875% 0.875%
than 1M
1M to less 0.75% 0.75% 0.75% 1.00% 1.00%
than 5M
5M and 0.875% 0.875% 0.875% 1.125% 1.125%
above
 3. Money Market
Table 3.3 Money Market Fund (Bank of the Philippine Islands)

Diversity Money Market Fund

Minimum Initial Investment Php 10,000
Minimum Transaction Amount Php 1,000
Minimum Holding Period NONE
Trust Fee 0.25% p.a.
Valuation of the Fund Marked-to-Market Daily

C. China Bank
1. Savings
Table 4.1 Rates for Regular Savings (China Bank)

Passbook Savings ATM Savings MoneyPlus

Savings
Initial Deposit Php 5,000 Php 2,000 Php 20,000
Requirement
Minimum Monthly Php 5,000 Php 2,000 Php 20,000
Average Daily Balance
(ADB) Requirement
Minimum Balance to Php 10,000 Php 10,000 Php 10,000
Earn Interest
Interest Rate 0.125% per 0.125% per annum, 0.125% per
annum, subject to subject to 20% annum,
20% withholding withholding tax subject to
tax 20%
withholding
tax

2. Time Deposits
Table 4.2 Time Deposits (China Bank)

Amount 90 Days 180 Days 360 Days

Php 5,000 – Php 49,999 0.700% 0.825% 0.950%

Php 50,000 – Php 299,999 0.825% 0.950% 1.075%

Php 300,000 – Php 499,999 0.950% 1.075% 1.200%

Php 500,000 – Php 999,999 1.075% 1.200% 1.325%

 Php 1,000,000 – Php 4,999,999 1.575% 1.700% 1.825%

Php 5,000,000 & up 1.700% 1.825% 1.950%

3. Money Market
Table 4.3 Money Market Fund (China Bank)

Minimum Initial Investment 10,000

Minimum Additional Investment 5,000
Minimum Maintaining Balance 10,000
Minimum Holding Period 3 banking days
Cut-off time for Investment 12:00 noon daily
Withdrawability Anytime, but subject to early
redemption charge if redeemed before
the lapse of the minimum holding
period
Early Redemption Charge 1% of amount redeemed
Trust Fees 0.25% p.a

II. Investment
A. Stocks and Bonds
1. Megawide Construction Corporation (MWIDE)
This company was incorporated on July 28, 2004 to primarily engage in
general construction which involves constructing, enlarging, repairing, or
engaging in any work upon buildings, and other structures. They also improve and
develop real estate of all kinds. The Company employs Advanced Technology
Building Systems such as pre-cast concrete and formwork systems in its projects.
The Company is an active proponent in the government's infrastructure program
and has completed and is in the process of pursuing several projects including The
Philippine School for Infrastructure Project Phase 1; the construction of Terminal
2 of the Mactan-Cebu International Airport and etc. I chose megawide corporation
since company is owned by one of my parents’ friend and I trust them.

MEGAWIDE CONSTRUCTION CORP. MWIDE Stock Data ( Feb 7,2019)

Last Traded Price 18.62

Average Price 18.63
P/E Ratio 26.6
Free Float Level (%) 35.43%
52 Week High 25.00
 52 Week Low 14.02
Market Capitalization 38,744,970,931.86

2. San Miguel Corporation (SMC)

This company is a Filipino multinational publicly listed conglomerate holding
company. It is the Philippines’ largest corporation in terms of revenue, it has over
24,00 employees in over 100 major facilities.

SAN MIGUEL CORPORATION SMC Stock Data ( Feb 7,2019)

Last Traded Price 163.1
Average Price 163.73
P/E Ratio 18.58
Free Float Level (%) 15.41%
52 Week High 180.1
52 Week Low 133.00
Market Capitalization 392,456,621,370.00

3. Jollibee Foods Corporation (JFC)

Jollibee Foods Corporation (JFC) was incorporated on Jan 11, 1978. The Company’s
principal business is the development, operation and franchising of quick-service
restaurants (QSR) under the trade names “Jollibee”, “ Chowking”, “Greenwich”, “Red
Ribbon”, “Mang Inasal”. And “Burger King”. JFC also has subsidiaries and affiliates
which develop and operate its international brands, “Yonghe King”, “Hong Zhuang
Yuan”, “Highlands Coffee”, “Pho 24”, “Smashburger” and “ Dunkin Donuts”.

JOLLIBEE FOOD CORPORATION JFC Stock Data ( Feb 7,2019)

Last Traded Price 323.00

Average Price 320.76
P/E Ratio 49.09
Free Float Level (%) 15.41%
52 Week High 328.40
52 Week Low 243.00
Market Capitalization 350,349,357,204.00
 III. Bank Loans
BANCO DE ORO (BDO) BANK OF THE CHINA BANK
PHILIPPINE ISLANDS
Interest Rates 1.25% per month add- 1.20% per month add- 1.55% to 1.95%
on, 1.30% per month on monthly
for 6 month tenure,
17.07% per annum
Loan Amount Range 10,000 to 1,000,000 20,000 to 1,000,000 30,000 to 1,000,000

Payment Terms 6,12,18,24, or 36 12, 18, 24, 30 and 36 12,18,24,36 or 48

months months months
Approval Time Within 1-2 working 8-13 banking days 3 to 5 days
weeks
Requirements (if 1. At least Php 1. At least Php 1. Minimum
employed) 10,000 25,000 monthly gross annual
monthly salary income income of Php
2. Must be a sole 2. 3 months 360,000
proprietor or, original pay slip 2. Employed or
3. Majority part- 3. Latest income self-employed
owner of a tax return with for the last
company BIR or Bank three years
operating for Stamp 3. Principal credit
at least two 4. Government- card holder
years. issued photo- 4. Government-
4. Residence or bearing ID issue photo-
office must be bearing ID
within BDO 5. Photocopy of
serviceable any company
area. ID.
5. Must have at 6. Salary slips for
least one the last three
landline at months
either (salaried
residence or employee)
office. 7. Latest ITR/BIR
6. Must be at Form 2316
least one year with last
tenure with the month’s salary
company. slip. (salaried
7. Latest ITR/BIR employed)
Form 2316 8. Bank
with last statements for
month’s salary the last three
 slip. (salaried months. (self-
employed) employed)
9. Latest credit
card statement
10. Photocopy of
DTI registration
(self-
employed)

SOURCES

I. Savings
China Bank
https://www.chinabank.ph/personal.aspx?title=Regular+Time+Deposit
https://www.chinabank.ph/personal.aspx?title=China+Bank+Money+Market+Fund
https://www.chinabank.ph/personal.aspx?title=Passbook+Saving
https://www.chinabank.ph/personal.aspx?title=ATM+Savings
https://www.chinabank.ph/personal.aspx?title=MoneyPlus+Savings

Bank of the Philippine Islands

https://www.bpiexpressonline.com/p/0/87/time-deposit-rates
https://www.bpiexpressonline.com/p/1/326/deposit-rates-savings-and-checking
https://www.bpiassetmanagement.com/pages/bpi-money-market-fund

Banco de Oro
https://www.bdo.com.ph/mobile/personal/accounts/peso-savings-account/passbook-savings
https://www.bdo.com.ph/personal/trust-and-investments/peso-denominated-uitfs/bdo-peso-
money-market-fund
https://www.bdo.com.ph/personal/accounts/time-deposit

II. Investment Reference

Megawide Corporation
https://pse.com.ph/stockMarket/companyInfo.html?id=627&security=564&tab=0

Jollibee Food Corporation

https://pse.com.ph/stockMarket/companyInfo.html?id=86&security=158&tab=0

San Miguel Corporation

https://pse.com.ph/stockMarket/companyInfo.html?id=154&security=165&tab=0

III. Bank Loans Reference

Banco de Oro
https://www.imoney.ph/personal-loan/bdo/personal-
loan?fbclid=IwAR2mRJiXFwGSIvnekLb_qM9Jt3xlx8pcrEJZFtw25jzkwcXLCaJpC_xpkRs

Bank of the Philippine Islands

https://www.imoney.ph/personal-loan/bpi/personal-
loan?fbclid=IwAR30QqtdYU9JMyz27R0A1WIm5QHLSY7_pJ7E14b4HG9D-
360_PZ3VUMRqis

China Bank
https://www.finder.com/ph/personal-loans/china-bank-savings
https://www.gobear.com/ph/personal-loan/company/china-bank-savings