Monday, December 12, 2016

My Bank Is Closing/Losing?

I went to my bank yesterday to deposit money, only to find that my maximum quarterly deposit of Php30,000 had been reduced to Php15,000 (equivalent to Php5,000/mo.). This bank gives interest of  15%/annum (the highest in the land) so it's very popular for that reason. I happen to work for a government agency that has a MOA with this bank so I am lucky to qualify for membership. Then this happened. Is the bank closing/losing?

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