Talk:List of banks in the Philippines

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Does anyone in the Philippines know about the 20% interest per annum paid by some rural banks in Cebu and elsewhere, with interest paid monthly, without any risks for being covered by PDIC insurance, and being tax exempt, with five years maturity; so that in five years a timed deposit of one million pesos will double your million to two millions plus?

Look up this internet link:

Rural banks under the Legacy Financial Group offering 20% p.a. http://www.pinoymoneytalk.com/forum/...p?topic=4621.0

I am curious and also interested because it seems a good way to retire on my life's savings.

Just put your comments here in this webpage of Wikipedia.

Thanks.