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                    [ArticleID] => 155791
                    [Title] => Metrobank launches new time deposit account
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) launched the Metrobank TD Extra-Assure, a new five-year time deposit account which guarantees interest rates better than the prevailing Treasury-bill rate.


The interest rate of TD Extra-Assure is based on the 91-day T-bill rate on the day of the deposit plus 0.25 percent. The guaranteed minimum rate is 7.5 percent per annum. Thus, a client is assured of an interest rate no less than 7.5 percent even if the 91-day T-bill rate is lower.


                    [DatePublished] => 2002-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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EXTRA-ASSURE

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                    [ArticleID] => 155791
                    [Title] => Metrobank launches new time deposit account
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) launched the Metrobank TD Extra-Assure, a new five-year time deposit account which guarantees interest rates better than the prevailing Treasury-bill rate.


The interest rate of TD Extra-Assure is based on the 91-day T-bill rate on the day of the deposit plus 0.25 percent. The guaranteed minimum rate is 7.5 percent per annum. Thus, a client is assured of an interest rate no less than 7.5 percent even if the 91-day T-bill rate is lower.


                    [DatePublished] => 2002-04-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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abtest

Metrobank launches new time deposit account

April 2, 2002 - 12:00am

The Metropolitan Bank and Trust Co. (Metrobank) launched the Metrobank TD Extra-Assure, a new five-year time deposit account which guarantees interest rates better than the prevailing Treasury-bill rate. The interest...

Banking