Top Yielder

Allied Bank offers the Top Yielder, for the more sophisticated investor who commands higher yield than the traditional time deposits.

• What is the Top Yielder?

• What are the types of Peso-Denominated GS available for sale to clients?

• What are the types of Foreign Currency-Denominated bonds available for sale to clients?

• What is the required minimum amount to investment on this product?

• Are these investments subject to tax?

• How long must the client hold on to his investment?

• What are the acceptable modes of payment?

• What are the documents issued to clients as proof of their investments?

• Why is there a need for a Third Party Custodian?

• Rates

• Contact Information

Top Yielder is the product that enables clients to purchase from the Bank:

1. Peso-Denominated Government Securities (GS), and
2. Foreign Currency-Denominated Bonds (USD and EURO denominated)

• Treasury Bills (T-bills)
• Fixed Rate Treasury Notes (FXTNs)
  • Regular Issues
  • Special Issues – such as Retail Treasury Bonds (RTBs)
• Dollar-Linked Peso Notes (DLPNs)

• Republic of the Philippines (ROP)
• Bangko Sentral ng Pilipinas (BSP)
• Philippine Corporates

  Issued by top Philippine corporations like Ayala Corporation, Globe Telecommunications, SM Investments, PLDT, Metrobank, Equitable-PCI Bank, etc.

• US Treasuries and other Sovereign / Corporate Bonds

• For Peso Denominated

  PHP 500,000, with the EXCEPTION of Retail Treasury Bonds (RTBs) which require only a minimum investment of PhP 50,000.

• For Foreign Currency Denominated

  US$25,000 or its equivalent in EURO

Peso – YES
Foreign – NO

Interest income on peso-denominated Government Securities is subject to 20% withholding tax while interest income in foreign currency-denominated bonds is TAX-FREE.

NO HOLDING PERIOD.

The client is encouraged to hold on to his investment until its maturity date to maximize his yield
But in case the need arises, the client can SELL his security ANYTIME, at the Bank’s buying price.

1. For peso investments
   • Debit Peso Account/ or
   • Manager’s Check
2. For dollar investments
   • Debit Dollar Account / or
   • Philippine Domestic Dollar Transfer System (PDDTS)

     If dollar funds are transferred from other banks

Note: Current/Savings Accounts must be opened with the Bank to enable Treasury Marketing to automatically credit future coupon payments on scheduled dates.

• Confirmation of Sale/Confirmation of Purchase

  Official confirmation of the deal, sent out upon verification of settlement

The Bangko Sentral ng Pilipinas issued Circular No. 392 requiring securities sold to clients to be delivered to a Third Party Custodian. The presence of a custodian will help minimize manipulative acts and practices like double selling and undocumented repurchase agreements that are detrimental to the investor and are potentially a source of systemic instability.

Allied Bank has nominated Deutsche Bank as its Third Party Securities Custodian.

Below is a simple summary of the different bonds with its corresponding features:

Contact Information

For assistance, please contact:
Julie Chua, Justine Castelo or Jhena Reyes
Telephone nos.: 810-2455 / 810-2461 / 810-2466 / 810-2468