Are you a seasoned investor who have been reviewing your investment portfolio and looking for other profitable ventures? Or, are you new to financial planning and still searching for the right instrument to start your investment and savings journey with? Here are reasons why a cooperative or two should be in your list: H igher Deposit Interest Rates than Most Banks Regular savings offered by cooperatives generally have higher interest rates than traditional commercial banks. Although, not as high as with digital banks, some billionaire cooperatives offer special savings at competitive rates. Oro Integrated Cooperative , for example, has a product called Dream Savings with 7% interest rate per annum (p.a.), compounded quarterly at Php1,000 starting deposit for the minimum plan and up to Php25,000 monthly deposit for the maximum plan. This product has a 5-year contract term. They also offer a product called Pearls Savings, a pension or retirement savings with 9-10% interest rate p.a...
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