As a financially responsible adult, you should only put your money into sound investments. Not only for safekeeping but also to let it grow over time. During these economically challenging times, it’s good to find more ways to save, earn, and invest. Aside from putting your money into savings, emergency funds, and insurance, you should also put it in familiar but profitable investments such as time deposits.
If you have US dollar deposits or receive US dollar remittances, put your hard-earned US dollars to good use. Invest in a US dollar time deposit and earn higher interest than a regular peso time deposit. It’s risk-free and highly secured. What’s more, you can avail of it starting with just $300 initial investment. Keep reading to find out more about RCBC Online FX.
Minimum Investment Amount of $300
Exclusively available under RCBC Digital, this 90-day US time deposit facility is an online foreign exchange product for investors who want to exchange their Philippine peso holdings for US dollars as an investment. What’s great about Online FX is that it offers a new lower minimum investment amount of just $300 for a regular 90-day US time deposit.
Compared with the regular US dollar time deposits, where you need as much as $1,000 minimum investment, you can enjoy the same accessibility and convenient online banking at just a fraction of the cost. Plus, enjoy exclusive and competitive rates that start at 0.75% interest rate per annum.
How to get started on RCBC Digital Online FX
To get you started, you should be enrolled in RCBC DIgital. You will need both a peso and a dollar account. If you don’t have a dollar account, you can easily open an FX Global account, a zero balance and zero maintaining US dollar account that will serve as your settlement account. Simply log on to the RCBC Digital app, then choose “Add account”. Select “FX Global”, then choose “US Dollar”. Upon activation of your FX Global account, you may start converting your peso to dollars, for investment. But if you don’t have an RCBC account yet, you need to open an RCBC peso savings account online first before activating your FX Global account online. And you can do this in just a few steps.
Then finally, once these are in place, you can proceed to investing by selecting foreign exchange in the module. Choose “investment” as your purpose and that’s it! You can now enjoy direct and easy access to your investment online, anytime.
No Better Time to Invest Than Today
US dollar investments are a great option to diversify your portfolio. As one of the most robust and stable currencies in the world, you can readily use and exchange it anywhere.
Maximize your dollar’s earning potential today. Grow your US dollars in a fixed-term investment with a higher interest rate than a regular US dollar savings account. RCBC’s Online FX US time deposit is perfect for people who want to diversify their portfolio and grow their money faster and safer. And you can do it all online 24/7!
Start capitalizing for your long-term financial goals, invest in a US time deposit via RCBC Online FX.
