Sunday, July 2, 2017

SAVINGS ACCOUNT VS. MUTUAL FUNDS

SAVINGS ACCOUNT
Good For: Purchases and Emergencies
When You Want To: Keep money safe
Risk Involved: Low
Earning Power: Low
How Much You Need To Start: As low as P100 (as low as P5,000 minimum maintaining balance to earn interest). If you need the money, you can: withdraw anytime (or after a pre-set period of time.)

MUTUAL FUNDS
Good For: Long-Term Goals
When You Want To: Make money grow
Risk Involved: Low to High*
Earning Power: Potentially Higher
How Much You Need To Start: As low as P5,000. If you need the money, you can: Sell anytime (Just allow for 7 days processing.)


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