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BPI Direct Time Deposit


I think that I am such a regular customer of BPI and its subsidiary bank, BPI Direct. It should be noted that I am in no way receiving any special treatment or incentive for including them in my blog posts. I am just particularly satisfied with their services. 

Last October 24, I started a BPI Direct Time Deposit account with the term of 35 days. The amount is not that big and the term is not that long, so you might be wondering why I did this. This is just a back-up for my emergency fund.  


I had the plan of using compounded interest to my advantage. 

How? I chose the option to “Rollover both principal and interest upon maturity”. 

What did that mean? 

This simply meant that compounded interest will be in action. Let’s say I put P10,000 and get roughly P10 in interest. If I choose to have another term of 35 days, my principal will not only be P10,000 anymore, but P10,010! 

My interest will also be gaining interest. 

Yes, I know, how about inflation? 

We all know that to be able to get high returns, we need to invest in high-risk products. Thus, we tend to lose money on the process. That is another story. 

This specified amount is for emergencies, thereby, I cannot afford to risk it just to get high returns. 

What about liquidity? 

Again, this is a back-up for my emergency fund.  

This means that I already have an emergency fund. In the unfortunate event that it is not enough, then I will have no other choice but to withdraw this one. 

Think of it as a security blanket of another security blanket. 

Awesome, right? 

Any violent reactions? Motivated comments? Feel free to comment below.

If you find this post helpful, please SHARE it to your friends via the Sharing options below. Who knows, they might like it as much as you do. 🙂 Thank you, awesome people!

Live wisely,


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9 thoughts on “BPI Direct Time Deposit”

  1. Hi! Have you tried putting your money in cooperatives? Those have higher yield than banks. I used to put money on BPI though with the automatic savings scheme where they'd deduct a specific amount from my regular savings to transfer to the automatic savings. Later, I just realized the earnings are not much at all. Then my mom suggested I invest in the coop that they have at her office. I am so glad I did that. I earned about 11% after less than a year..plus it's tax-free! I'm just suggesting this since I can see that you are a very sensible and practical girl. 🙂

  2. hi , im interested also … i was thinking earlier which bank is the best for time deposit…. i choose BPI DIRECT SAVINGS BANK.. but @Anonymous said COOP is the best.

    please give me some advice.. i am 22yrold. and i just wanted to earn money…

  3. @Madel:
    Hello and thank you for visiting The Wise Living. 🙂
    You should first determine your objective for saving. If you want security and easy liquidity, I would suggest a Time Deposit. If you want a diversification of funds and pooling of money towards the same goal, then go for cooperatives.
    For more info, you can go here (http://barangkacoop.com/deposits.htm)or here (http://www.kskcoop.com/) to give you an idea about how a cooperative works.

    God bless you!

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