US dollar time deposit launched by GoTyme | ABS-CBN
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US dollar time deposit launched by GoTyme
US dollar time deposit launched by GoTyme
MANILA -- GoTyme customers can now have a US dollar time deposit.
MANILA -- GoTyme customers can now have a US dollar time deposit.
The digital bank on Thursday said their clients can now open a time deposit account for as low as $1.
The digital bank on Thursday said their clients can now open a time deposit account for as low as $1.
They can also deposit in Philippine pesos, which will be converted to its dollar equivalent in the app.
They can also deposit in Philippine pesos, which will be converted to its dollar equivalent in the app.
Interest rates are pegged at 3 percent for a 3-month tenor and 3.5 percent for 6 months.
Interest rates are pegged at 3 percent for a 3-month tenor and 3.5 percent for 6 months.
The lender said they will launch more foreign currency time deposit products soon.
The lender said they will launch more foreign currency time deposit products soon.
GoTyme announced that they will be launching foreign currency time deposits as early as February, but the feature only became seen on the app on May 30.
GoTyme announced that they will be launching foreign currency time deposits as early as February, but the feature only became seen on the app on May 30.
In February, GoTyme said it already had 2.5 million customers nationwide.
In February, GoTyme said it already had 2.5 million customers nationwide.
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