Manila, Philippines

High Yield Deposits via AFPSLAI and PSSLAI

High Yield Deposits via AFPSLAI and PSSLAI
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Dear friends, if you have (other) friends and relatives from our uniformed personnel (i.e. AFP, PNP, BJMP, BFP etc.) and/or their relatives / dependents, strongly encourage them to take advantage of the special deposit accounts offered by either the Armed Forces and Police Savings and Loans Association Inc (AFPSLAI) or the Public Safety Savings and Loan Association Inc (PSSLAI) wherever they shall qualify.

Simply because of the very high and competitive interest rates that are hard to come by. Such rates are hard to come by and achieve, even in a bullish stock market. Plus the risk is commensurately less for the possible earnings via interest and dividends.

The investment is also very easy to understand, straightforward as banks’ time deposits but with higher earning potential. Talk about your money working extra hard for you. So if you know someone who’s qualified but is not taking advantage of it, talk him/her into it. Once s/he has established his/her emergency fund and protected him/herself via insurance, this should be the next logical step.
Maximise the opportunity and stop wasting time. Let time value of money and compounding be your allies.
Instead of putting to sleep amounts of money not needed anytime soon via investments yielding microscopic rates (that cannot even beat inflation), ask them to strongly consider these opportunities instead. Last time I heard, AFPSLAI rates are at 16% to 18% annually. A more recent update puts it at 15.5%. Still high though right?
Where can you get that yield for a relatively low risk investment? UITF, stocks and putting up a business might provide comparable rates but for higher risk, relatively lower probability and higher levels of anxiety.
Likewise, bank time deposits, which has comparably similar risk, are unfortunately nowhere close to these rates, with only 2% to 2.5% annually, and still subject to interest income tax of 20%. At least for AFPSLAI, interest earnings are tax free. I’ve no information so far on PSSLAI rates and taxation but it should be more or less the same.
I mentioned relatively low risk investment since putting money on AFPSLAI or PSSLAI still entails risk, albeit very low, since deposits are not covered by PDIC, unlike that of banks. But then again, one simply needs to conduct due assessment on how stable these institutions are.
I’m still on the look out though for similar savings and loans associations for private employees. Watch this category friends.
So, if you have friends from our uniformed personnel…
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Photo: From AFPSLAI and PSSLAI websites.

 Filipino Personal Finance Investments For Filipinos

52 Responses

  1. zabclement04 says:

    I try psslai loan application here

  2. Bing says: I be qualified to invest in PSSLAI? I am a private employee and no relative under this association. But I have a brother in law that works as a policeman. How can I invest in PSSLAI? Thanks

    • Geri says:

      You personally cannot open an acct but if you trust your brother in law you can put money under his name. This is not exactly legit and I don’t encourage people to do it but I am pretty sure some people do this– deposit through their relatives and just agree among themselves how to split the income.

  3. atanacia says: an afpslai (single) member dies and he had capital contribution, and his membership is not yet terminated ,will the dividend stop because he died already?

    • Geri says:

      I would think so as soon as afpslai knows that the accountholder is already deceased. The account will be frozen until relatives claim it after processing the estate of the deceased. This is just a guess though as banks would also do something similar. But best to inquire with afpslai for the accurate answer.

  4. Anonymous says:

    Cash Advance Storage Account (CASA) ng PSSLAI nag eearn din ba ng interest? may bago kasi rule ang PSSlAI dun na ang punta ang excess dividend ng CAPCON hndi na sa Premium Savings Account (PSA).

    • Geri says:

      We heard a similar case with AFPSLAI wherein interest is now separated from principal. Not sure if this is interest earning but definitely the compounding effect is lessened. Must be the association’s way of saving on interest expense to be paid out and managing the longevity of the funds and the company.

  5. jennifer b says:

    15.5% parin po ba ang annual dividend rate?

  6. jennifer b says:

    15.5% per annum parin po ba ang dividend rate?

  7. Geri says:

    This is good to hear! At least your money is working doubly hard to finance your children's schooling.

  8. Anonymous says:

    Matagal na ako associate member ng APSLAI and continuously nag dedeposit quarterly until maabot ko yung maximum deposit amount so I'm comfortable receiving dividends. Almost yung dividend na receive ko quarterly ay nagagamit ko sa pagpapa aral ng 2 anak sa private school, thanks sa APSLAI!

  9. Anonymous says:

    Hi. Pwede pa din po ba magmember mga anak ngaun Asa afpslai?

  10. Ryan Joseph Manicia says:

    Hi! Ano po ang Bago policy ngayon about sa pag member sa afpslai? Thank you

  11. Anonymous says:

    Ano po yung bagog policy? Good news o bad news for depositors?

  12. Geri says:

    Thanks for your update. Appreciate if you can share more details.

  13. Anonymous says:

    May new policy ang AFPSLAI regarding capcon

  14. Anonymous says:

    is it still 15.5% dividend rate for this year? tnx

  15. Anonymous says:

    Patay na po ung tatay ko na isang AFP, ang mama ko ang member ngayon at gusto nya kami ipa member pede pa rin ba yon to have my own account sa afpslai..

    Please advice..

  16. Geri says:

    Based from our last inquiry with AFPSLAI po, since member na ang mother ninyo, pwede na rin kayo magmember. Hindi pwede mag-skip. Someone we know wanted to be a member (her father's deceased already). AFPSLAI told her that the widowed mother should be a member first, then her (daughter).

  17. Anonymous says:

    Anak ako ng retired police, my father already died. And my brother is also a policeman.
    Hindi ko alam kung regular member xa ng psslai, pede ba akong mg-aapply as associate member?

  18. Anonymous says:

    is this true John Steven? Because my friend just applied recently as associate of his father.

  19. Geri says:

    This is sad news. Thanks for updating us.

  20. John Steven says:

    As of this date, Afpslai does not cater anymore to applications for associate members. Sayang d nakasali nanay ko.gusto nya sana kasi mataas yung rate.

  21. Anonymous says:

    I guess the above comment refers to some changes in the policy of AFPSLAI which is unfavorable to member/contributor (no offense to member/debtor). Like late declaration of dividend, cap on deposits on capcon, limitation on associate members, the creation of mandatory “yellow passbook”.

    Old capcon depositors are aware of these changes and disadvantages. However, in my opinion AFPSLAI remain the best place to park your idle funds. I cannot comment on PPSLAI as I am not a member.

  22. Krisvee SCruz says:

    Bakit mo nasabi na pangit

  23. Geri says:

    I see. Thank you for sharing with us your updates.

  24. Anonymous says:

    Panget n ngayon ang afpslai dami ng nabago n policy.. For me Mas ok pa ang psslai now.

  25. Geri says:

    From their website, only spouse and children of regular members may become associate members. Best to ask from PSSLAI itself though.

  26. Dan Aquino says:

    pwede po bang magmember yong brother ng Regular Member ng PSSLAI

  27. Dan Aquino says:

    pwede po bang magmember yong brother ng Regular member ng PSSLAI.Thank you

  28. Mylene Supsup says:

    Just message me if you want to invest in afpslai at psslai
    Add me in facebook:Mylene Supsup

  29. Erick says:

    May capital vonttibution ako sa afslai pero wala p ako yellow passbook. May mga entry sa acct. Ko na withdrawals am not sure kung automatic pumunta sa yellow book acct miski di p ako nakapag open ng yellow book.

  30. Erick says:

    May capital vonttibution ako sa afslai pero wala p ako yellow passbook. May mga entry sa acct. Ko na withdrawals am not sure kung automatic pumunta sa yellow book acct miski di p ako nakapag open ng yellow book.

  31. Geri says:

    My soon to be brother in law has yet to claim his yellow passbook too. But supposedly the withdrawals should have been credited to the yellow passbook as these are earned interest.

  32. Geri says:

    My soon to be brother in law has yet to claim his yellow passbook too. But supposedly the withdrawals should have been credited to the yellow passbook as these are earned interest.

  33. Anonymous says:

    ask ko lang po if same lang ba ang interest rate ng regular member sa associate, or magkaiba po? many thanks!

  34. jan cuyugan says:

    Sa afslai may yellow book dun malalagay ang dividend then pedo mo deposit sa green passbook/capcon . Obligado ka mg deposit na d tulad dati hayaan mo lang . Max over the counter deposit per quarter is 30k

    Sa psslai max dep is 150k per quarter and ung dividend diretso sa capcon passbook

  35. Krisvee SCruz says:

    parang hindi puede kailangan anak at asawa lang.
    nakita ko dun at nagtanung kami mismo sa psslai.

  36. Anonymous says:

    pde po ba pinsan ang relatives kasi po wala ako next of kin na member o nasa service. pde po ba me magjoin. ty po sir geri.

  37. Krisvee SCruz says:

    nasayang nga hindi namin alam na may ganito pala. ang alam lang namin magloan sa afslai, ay nako.

  38. Krisvee SCruz says:

    compounding interests ba ang afslai?

  39. Mac Buen says:

    yes member ako both

  40. Krisvee SCruz says:

    tell me more about it. so do i need to put my money here kc meron kami nito nd namin na maximize eh.

  41. Krisvee SCruz says:

    meron kami niyan. ibig sabihin ilalagay ko ang oera ko dyan pala dapat. compounding interest ba yan

  42. Anonymous says:

    AFPSLAI 15.5% per annum divided by 4 quarters and quarterly posting. Compared with PSSLAI na semi-annual ang posting with 18% annual interest. I think mas malaki pa rin sa AFPSLAI ang interest kasi after ng posting ng interest for the previous quarter, kasama na sa capital contribution mo ng current quarter ang interest ng previous quarter which is also subject to interest ng current quarter. Correct me if my computation is wrong. Thanks

  43. Anonymous says:

    Nice one!!

  44. Anonymous says:

    I think AFPSLAI went down to 3% now. It says so on their website.

  45. Anonymous says:

    PSSLAI maintains 18% dividend to members. Hindi nagbabago since it started 2003.

  46. Geri says:

    Wow a lot higher pala than AFPSLAI. No reason not to take advantage of it for those qualified. Sayang ang oras at opportunity cost kung hindi. Thanks for the info.

  47. Anonymous says:

    No prob.

    Bits and pieces lang naman yan.

    Basa basa lang muna ako sa ibang mga blog post mo.

    Salamat din.


  48. Anonymous says:


    Nakarating na din pala syo ito ha'

    Siguro nakikita mo yung building ng AFPSLAI pag “paparating na sa Santolan-Annapolis station” pag nagc commute ka? 🙂 un eh kung nag ccomute ka pa rin idol hehe.

    Added info lang :

    2 ang puedeng buksan na accounts-

    1. Capital contribution- dito ang interest per annum as of this year is 15.5 % and not 16% to 18% annually as you have stated. Before it was 18% but following a BSP directive it was reduced to 15.5% per annum. Still competitive compared to other financial institutions.

    2. Saving account- for this particular account the interest is pegged at 3% per annum.

    Safety and risks?

    There are safety nets imposed. And AFPSlai is following strict rules/guidelines from BSP.

    For example, sa Capital Contribution di naman sya one to sawa ng pag deposit ng amount may cap din(maximum amount of deposit).Tapos ang pag deposit nya ng deposits ay may schedule at cap.

    Risk? I could say virtually none. Ive read before na ng accounting firm safeguiding their financial records are from SGV. Another point is, members of this institution are primarily the men and women of the Armed Forces of the Philippines ( and some PNP who were members of the PC-INP before).This was established for their own benefit so to speak.

    Membership? Primarily those who are members of the AFP, their spouses and their respective dependents (mga anak).

    Ayan, ang dami ko ng sinabi!!! hahaha


  49. Geri says:

    Thanks for the added information and correction Kenchi. Of course I still commute. ☺

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