If you have Php50k worth of savings, and you're thinking of investing it, I suggest you put it on a mutual fund that tracks the performance of the Philippine Stock Exchange index. Savings accounts will only give you so much, less than 1% per annum. A mutual fund that tracks the performance of the PSEi, such as BPI's Philippine Stock Index Fund, will most definitely give you a higher return, especially now that the PSEi is expected to reach Php6,000.00 (it's now at ~Php5,700.00). :D Just my two cents, and I would have done the same thing if I have excess savings to invest :D
