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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.

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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 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 ( here ( to give you an idea about how a cooperative works.

    God bless you!

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