BY: RON MARC MARANAN
You don’t need millions to start investing. With just 5,000 pesos, Filipinos can now secure their future and help grow the nation, thanks to the Bureau of the Treasury’s latest offering, Retail Treasury Bond (RTB) 31.
For Judith Sandoval, a mother of five, investing used to feel like an impossible dream. “This kind of program really helps poor people like us,” she said. “Even if it’s just a small amount, as long as it earns, it’s worth it.”
On August 5, the Bureau of the Treasury officially launched RTB 31, which aims to make saving and investing more accessible to everyday Filipinos.
“It’s time the capital market is no longer just for the rich or financial experts,” said Finance Secretary Ralph Recto. “We are opening RTBs to everyone–students, OFWs, sari-sari store owners, farmers, and young professionals.”
RTB 31 offers a 6% interest rate and has a five-year maturity period.
While there’s a 20% final tax on interest earnings, officials assure the public that it’s a secure investment backed by the government.
“One of the main features of RTBs is that it’s a low-risk investment since it’s fully supported by the sovereign power of the government,” explained Atty. Warren Marc Lloren, Chief Treasury Operations Officer for BTr RO1 and CAR. “It’s very unlikely that you’ll lose money.”
More than just a personal investment, RTBs also help the country progress.
The funds raised go to key government projects, from public infrastructure and hospitals to schools and digital learning systems.
“The purpose of this project is to finance public infrastructure, road repairs, our healthcare system, and even our education sector,” said Atty. William Beluso Jr., Director III of the Bureau’s Legal Service.
The bonds are now easier to buy too–available over the counter at partner banks, through an online ordering platform, and even via mobile banking apps.
Public offering runs until August 15, and the government is encouraging all Filipinos to take this opportunity to grow their savings in a safe, affordable way.
