Manila, Philippines

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.
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 Filipino Personal Finance Investments For Filipinos

52 Responses

  1. Ryan Joseph Manicia says:

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

  2. Anonymous says:

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

  3. Geri says:

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

  4. Anonymous says:

    May new policy ang AFPSLAI regarding capcon

  5. Anonymous says:

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

  6. 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..

  7. 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).

  8. 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?

  9. Anonymous says:

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

  10. Geri says:

    This is sad news. Thanks for updating us.

  11. 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.

  12. 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.

  13. Krisvee SCruz says:

    Bakit mo nasabi na pangit

  14. Geri says:

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

  15. Anonymous says:

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

  16. Geri says:

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

  17. Dan Aquino says:

    pwede po bang magmember yong brother ng Regular Member ng PSSLAI

  18. Dan Aquino says:

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

  19. Mylene Supsup says:

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

  20. 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.

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